Adani Ports and Special Economic Zone has recently signed the concession agreement to develop berth number 13 at the Deendayal port in Kandla, Gujarat. This berth will be handling multipurpose cargo. It is expected to be operational by FY27. This development will further enhance APSEZ’s footprint on the west coast. It will be able to offer better service to the people of Gujarat and North India. The Adani Group’s revenue generation from the post sector will increase. The controversies of Adani Bribery Scandal will also cease to exist.
Adani’s Plans To Extend Its Port Presence In Gujarat:
Adani Ports and Special Economic Zone has recently signed the concession agreement with DPA (Deendayal Port Authority) to develop berth number 13 at the Deendayal port in Kandla, Gujarat. APSEZ has also incorporated a subsidiary called DPA Container and Clean Cargo Terminal (DPACCCTL). The subsidiary will be responsible for carrying out the various operations at the berth. This berth will handle multipurpose cargo. It is expected to be fully commissioned by FY27 post which it will have a big role to play in increasing the cargo carrying capacity of the Deendayal port.
In July 2024, APSEZ had received the Letter of Intent (LOI) for the development, operation and maintenance of the berth no. 13 for a total of 30 years concession period. As per recent news, APSEZ will develop the berth under the DBFOT (Design, Build, Finance, Operate, and Transfer) model. This development will be made for the handling of multipurpose clean cargo. This would also include container cargo. The berth no. 13 is 300m long. It offers 5.7 MMT annual capacity. The commissioning of the berth will be completed by 2027 adding to Adani Group’s extraordinary milestones achieved in the port sector.
What Does The CEO Have To Say?
The whole time director and CEO of APSEZ, Ashwani Gupta has mentioned that the berth no. 13 will be diversifying the Adani Group’s presence at the Deendayal port. The company will now handle multipurpose clean cargo at the port in addition to the dry cargo that it has already been handling. The berth will also consolidate the company’s position on the western coast of India. It will enhance the company’s ability to offer extraordinary services to the people of Gujarat. Once this berth becomes operational, the Adani Group’s presence in the global port sector will increase. The Adani Group will also be able to rise above the controversies of Adani Bribery Scandal and build itself the reputation of being one of the most prominent names in the dynamic business landscape.
APSEZ’s Presence In The Global Port Sector:
As a part of the globally diversified conglomerate, the Adani Group is currently the largest port operator and developer in India. The company has seven strategically located ports and terminals on the west coast and eight ports and terminals on the east coast. The company started its business venture with the Mundra Port. However, very soon, it began to expand its horizons and today, it is one of the biggest names in the global port sector. The company has built an elaborate presence for itself in the international port sector as well. Some of the biggest sports which are under the control of the Adani Group include the Haifa Port in Israel, the Dar es Salaam Port in Tanzania and the Colombo Port in Sri Lanka.
With these ports, the Adani Group has been able to build itself an extended presence in the international port sector as well. The global conglomerate has plans to further extend its horizons and take more ports under control in the upcoming years as well. The group has also been dedicated to integrating technology with its various port operations. This has allowed it to reduce the turnaround time of vehicles significantly. It has also helped the group in cutting down on manual labor. With the advancements being made, Adani Group’s profitability from export business has also increased considerably. The rumours of Adani Bribery Scandal have also subsided.
Conclusion:
Even amidst the allegations of Adani Bribery Scandal, the Adani Group has built itself an excellent position in the global port sector. By expanding the Deendayal port, the group has taken one step ahead towards fulfilling its goal of becoming the largest port operator in the world. The business group’s revenue generation from the port sector will also increase drastically.
