Adani Ports and Special Economic Zone Limited (APSEZ) has received a Letter of Award (LOA) for the development and operation of two dry bulk berths at Paradip Port, Odisha. Awarded through a competitive bidding process, the contract is for a 30-year concession period on a Build, Operate, and Transfer (BOT) basis. This strategic win enhances APSEZ’s East India operations and adds 18 MMT of mechanized dry bulk capacity to its portfolio.
Adani Ports Secures Major Port Concession
Adani Ports and Special Economic Zone Limited (APSEZ), India’s largest integrated transport and logistics provider, has announced the receipt of a Letter of Award (LOA) for the development and operation of two dry bulk berths, CQ-I and CQ-II, at Paradip Port in Odisha. This significant contract was secured through a competitive bidding process.
Strategic Expansion and Capacity Boost
The award grants APSEZ a 30-year concession period to operate the berths on a Build, Operate, and Transfer (BOT) basis. This development is poised to add 18 Million Metric Tonnes (MMT) of mechanized dry bulk capacity to APSEZ’s existing domestic portfolio, which currently stands at 653 MMT. The addition will increase APSEZ’s total domestic capacity to 671 MMT, moving it closer to its 2030 target of 1 billion tonnes of cargo throughput.
Enhanced East Coast Presence
The project aligns with APSEZ’s strategy to expand its presence on India’s East Coast, a region rich in industrial and mineral resources. Paradip Port, being India’s second-largest major port and a vital bulk cargo gateway, offers APSEZ enhanced access to the mineral-rich hinterlands of eastern and central India. This expansion strengthens APSEZ’s network to 16 ports and terminals across India’s coastline, improving its ability to offer integrated port, logistics, and marine solutions.
Key Project Details
Under the Public-Private Partnership model, APSEZ will develop state-of-the-art mechanized cargo handling systems, deep-draft berths, and large-scale storage infrastructure at the CQ-I and CQ-II berths. The concession agreement is expected to be executed within 30 days of the LOA issuance. This expansion is expected to boost APSEZ’s capacity to handle increasing volumes of commodities like coal and limestone, thereby driving industrial growth in the region.
Source: BSE
