Current Date: 22 Nov, 2024

Adani Ports Wins Contract for Deendayal Port Expansion

Adani Ports and Special Economic Zone Limited has been awarded a significant contract for the development, operation, and maintenance of Berth No. 13 at Deendayal Port. The Letter of Intent (LOI), received through a competitive bidding process, grants Adani Ports a 30-year concession period to operate the berth. The project will follow a Design, Build, Finance, Operate, and Transfer (DBFOT) model, accommodating multipurpose clean cargo, including container cargo.

The new berth, extending 300 meters, is set to offer an impressive annual capacity of 5.7 million metric tons (MMT). Adani Ports plans to commission the berth during the fiscal year 2026-27, aligning with their strategy to enhance port infrastructure and cargo handling capabilities across key maritime locations. This development is expected to bolster the port's efficiency and contribute significantly to regional trade.

Within 30 days of receiving the LOI, Adani Ports is required to sign the Concession Agreement with the Deendayal Port Authority (DPA). This agreement will formalize the terms and conditions of the berth's operation, ensuring compliance with regulatory standards and operational guidelines.

The strategic move underscores Adani Ports' commitment to expanding its presence in the maritime sector. The company's involvement in such high-capacity projects reflects its ambition to become a leading player in global port operations. The development of Berth No. 13 will also create job opportunities and stimulate economic growth in the region.

As the project progresses, stakeholders and industry observers will keenly watch the impact of this new infrastructure on cargo throughput and operational efficiencies at Deendayal Port. The successful execution of this concession will likely set a benchmark for future port development projects in India.

News by Rahul Yelligetti

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Source : Projxnews