Adani Ports and Special Economic Zone receives LOI from Kandla Port Trust

27 Feb 2012

Adani Ports and Special Economic Zone (APSEZ), India's largest private multi-port operator and part of the Adani Group, a global integrated infrastructure player, has received the letter of intent (LOI) from the Kandla Port Trust, a Government of India body, to set up a dry bulk terminal at the Kandla Port on build, operate and transfer basis.

The company has emerged as the highest bidder on revenue share basis and has been awarded the concession in a highly competitive bidding scenario. The dry bulk terminal will off Tekra near Tuna outside Kandla creek at the Kandla port which is lndia'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, Marmugao in Goa and Visakhapatinam where it has recently begun construction of a coal import terminal. The Mundra port is the fourth largest commercial and top most private port in India.

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