Adani Ports Secures LoI for Deendayal Port Development

15 Jul 2024 CW Team

Adani Ports and Special Economic Zone (APSEZ) has secured a significant milestone with the receipt of a Letter of Intent (LoI) from Deendayal Port Authority. This LoI pertains to the development of a state-of-the-art mechanised fertiliser and other clean cargo handling facilities at the Tuna Tekra port in Gujarat.

The project, set to be developed on a Design, Build, Finance, Operate, and Transfer (DBFOT) basis, is expected to enhance the port's capacity and operational efficiency significantly. Adani Ports' selection for this project underscores its expertise and leadership in the port infrastructure sector. The planned facilities will have an initial handling capacity of 2.5 million tonnes per annum, scalable to cater to future demand.

The development at Tuna Tekra aligns with Adani Ports' strategic vision to expand its footprint and augment its capabilities in the logistics and transportation sector. This initiative is part of a broader plan to increase the capacity and efficiency of Indian ports, facilitating smoother and more efficient cargo handling operations.

Karan Adani, CEO of APSEZ, expressed confidence in the project's potential to boost economic activities in the region. He emphasised the company's commitment to contributing to India's port infrastructure through sustainable and innovative solutions.

The project also reflects Adani Ports' ongoing efforts to support the Indian government's initiatives to improve port infrastructure and logistics under the Sagarmala program. By enhancing cargo handling capacities and implementing cutting-edge technologies, Adani Ports aims to play a pivotal role in bolstering India's trade and economic growth.

With this new development at Deendayal Port, APSEZ continues to solidify its position as a key player in the global port operations landscape, driving forward its mission of fostering economic progress and infrastructure development.

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