Positive impactCompany
APSEZ is highest bidder for two dry bulk berths at Paradip Port, adds 18 mt in Odisha
BusinessLine 1 hr ago·9 Sept 2026, 11:34 am
Adani Ports and Special Economic Zone (APSEZ) has emerged as the highest bidder for two dry bulk berths at the Paradip Port in Odisha. The company plans to develop and operate these facilities under a 30-year concession agreement, which is expected to add an annual capacity of 18 million tonnes to its portfolio. This strategic move aligns with APSEZ's goal of expanding its footprint in the eastern region of India.
For investors, this acquisition is significant as it strengthens APSEZ's position as the largest private port operator in the country. By securing these berths, the company aims to enhance its operational efficiency and cater to the growing demand for dry bulk cargo, such as coal and iron ore. This development is likely to boost investor confidence in the company's long-term growth trajectory.
Going forward, investors should keep an eye on the regulatory approvals and the timeline for the project's commissioning. Successful execution of this project will further solidify APSEZ's dominance in the logistics and port sector.
Excerpt from BusinessLine
Adani Ports and Special Economic Zone Ltd (APSEZ) expanded its east coast footprint after emerging as the highest bidder for two dry bulk berths at Paradip port in Odisha, adding 18 million tonnes of operational capacity. The company received the Letter of Award (LoA) to develop and operate the CQ-I and CQ-II berths…Read the original at BusinessLine
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