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BUSINESS

Adani Ports Inks a Concession Agreement 

The company secured the 30-year contract in a tender by placing the highest royalty of Rs 200 per ton.

Adani Ports and Special Economic Zone Ltd on 11 September announced that they have signed a concession agreement with state-owned Deendayal Port Authority to equip and operate a 5.7 million tonne capacity multipurpose terminal that will be used to handle clean cargo, including containers. 

The company secured the 30-year contract in a tender by placing the highest royalty of Rs 200 per ton. 

Earlier in July, the company received a letter of intent for developing, operating, and maintaining the berth that will be constructed under  the design, build, finance, operate, and transfer model, and will be commissioned in 2026-27.

Ashwani Gupta, whole-time director and CEO of APSEZ, said, “Berth No. 13 will diversify our presence at Deendayal Port. We will now handle multipurpose clean cargo at the port, in addition to dry bulk cargo that we already handle.”

The berth will consolidate Adani Ports’ position on the western coast and enhance its ability to service customers in Gujarat and north India. 

The company has also incorporated a wholly-owned subsidiary, DPA Container and Clean Cargo Terminal Ltd that will be carrying out the operations at the berth. 

This contract will strengthen the company’s presence at the Deendayal Port, which was previously known as Kandla Port. This is the country’s second largest state-owned port by volumes handled, where it runs a dry bulk cargo terminal at Tuna Tekra, a satellite facility since 2015.

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