Shares of Adani Ports and Special Economic Zones Ltd were trading 1% higher on 10 July after the company declared that it had been awarded the Letter of Intent (LoI) for the development, operation, and maintenance of Berth No. 13 at Deendayal Port. The LoI has a 30-year concession period and was acquired through a competitive bidding process.

Adani Ports will manage the multipurpose clean cargo berth, which includes container freight, under the DBFOT (Design, Build, Finance, Operate and Transfer) model. Notably, Berth No. 13, which is 300 meters long, can hold 5.7 million tons of cargo annually. The berth is anticipated to be commissioned by FY26–27.

This follows rumours that Gautam Adani intends to begin shipbuilding at the Adani Group’s flagship Mundra Port, given that yards in China, South Korea, and Japan are already booked until 2028. This may lead fleet owners worldwide to consider India as a potential alternative location for producing new ships.

India’s market share in commercial shipbuilding is less than 1%, placing it 20th in the world. India wants to rank among the top 5 shipbuilders by 2047. 

Currently, Mundra handles the highest-ever volume by any port in India, and Adani Group has lined up major investments for upcoming projects. 

In addition, the conglomerate intends to construct the world’s largest renewable energy manufacturing hub in Mundra, Gujarat. This hub will house production units for nearly every component used in green energy generation facilities, including polysilicon, solar modules, ingots, cells, and even wind turbines.

At 1:17 pm, the shares of Adani Ports were trading 0.32% higher at Rs 1,482.75 on NSE.