Adani Logistics acquires container depot in Vapi
WAREHOUSING & LOGISTICS

Adani Logistics acquires container depot in Vapi

Adani Logistics has acquired the ‘Tumb’ inland container depot in Vapi, Gujarat, from Navkar Corporation for Rs 835 crore. ICD Tumb is one of the largest inland container depots in India.

Located between Hazira port and the Nhava Sheva ports, the inland container depot has a capacity of 0.5 million twenty-foot equivalent units. The deal is subject to customary regulatory and lenders’ approvals and is expected to close in the second quarter of 2022-23.

Adani Logistics has acquired the ‘Tumb’ inland container depot in Vapi, Gujarat, from Navkar Corporation for Rs 835 crore. ICD Tumb is one of the largest inland container depots in India. Located between Hazira port and the Nhava Sheva ports, the inland container depot has a capacity of 0.5 million twenty-foot equivalent units. The deal is subject to customary regulatory and lenders’ approvals and is expected to close in the second quarter of 2022-23.

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