Adani group pioneers in port terminal development have added another feather in their cap, by bagging the Kandla Port dry bulk terminal construction.
The Adani Port and Special Economic Zone Limited (APSEZ), the Adani Group-owned ports developer, has emerged as a highest bidder for a green field cargo port project by Kandla Port Trust. Two companies including APSEZ had submitted their bids, which were opened last week. And the Adani group has bagged the prestigious project. The Letter of Intent (LoI) from the Kandla Port Trust, to set up a dry bulk terminal at the Kandla Port on Build, Operate and Transfer (BOT) basis, was issued to APSEZ.
The dry bulk terminal will be off Tekra near Tuna outside Kandla Creek at the Kandla port, which is India s number one port by volumes. The construction of the new bulk terminal will begin after signing of the concession agreement with the Kandla Port Trust. Adani Ports is now the only private port infrastructure company to operate and construct ports and terminals across six locations in India - Mundra, Dahej and Hazira in Gujarat, Marmugoa in Goa and Visakhapatnam, where it is has recently begun construction of a coal import terminal, a statement said. (With inputs from the internet – AarKay)