Adani Ports and Special Economic Zone (APSEZ)  has received a letter of award (LoA) from West Bengal Industrial Development Corporation at Kolkata for developing a deep-sea port at Tajpur in West Bengal.

• Government Plans Deep-Sea Mission with Human Crew by Early 2026: Jitendra Singh
• IRCTC Website and App Down: Train Ticket Booking Hit by Major Outage
• World Bank Increases China’s GDP Forecast for 2024, 2025
• Nirmala Sitharaman Meets Trade Experts Ahead of Budget
• Indian Cricketer Invests in Tech Startup

This port would be developed on a build, finance, design, operation and transfer basis.

APSEZ is a business to develop, operates and maintains port infrastructure. Also, many products of SEZ related to infrastructure are contiguous to the port In Mundra.

On a consolidated basis, the net profit of APSEZ fell 16.86 per cent to Rs 1,091.56 crore in the first quarter of FY23 as compared to Rs 1,312.99 crore recorded in the first quarter of  FY22. Revenue from operations declined 0.71 per cent to Rs 4,637.95 crore in the first quarter of FY23 from Rs 4,671.19 crore reported in the first quarter of FY22. On the Bombay Stock Exchange (BSE), the stocks rose 0.91 per cent to trading at Rs 810.85.