Bhubaneswar: Adani Ports and Special Economic Zone Limited (APSEZ), India’s largest Integrated Transport Operator, has emerged as the highest bidder and received the Letter of Award (LoA) for the development and operation of two dry bulk berths at Paradip port in Odisha’s Jagatsinghpur district.
The addition of 18 Million Metric Tonnes (MMT) will take APSEZ’s total portfolio to 671 MMTPA.
Under the 30-year concession, the project will be executed under the Public-Private Partnership (PPP) model. APSEZ will develop CQ-I and CQ-II berths with state-of-the-art mechanised cargo handling systems, deep-draft berths and large-scale storage infrastructure.
“The Paradip concession will strengthen APSEZ’s presence on the East Coast and expand our access to one of India’s most important industrial and mineral-rich hinterlands. With Paradip, APSEZ’s network grows to 16 ports and terminals across India’s 11,000-km coastline, strengthening our ability to deliver integrated port, logistics and marine solutions through the country’s most comprehensive transport infrastructure platform,” said Ashwani Gupta, Whole-time Director and CEO, APSEZ.
Located in a mineral-rich hinterland amid major steel plants, Paradip is India’s second-largest major port and a vital bulk cargo gateway.
The Paradip terminal will boost APSEZ’s capacity to handle rising volumes of coal, limestone, and other dry bulk commodities, while expanding its reach across core industrial and manufacturing clusters in eastern and central India.