Adani Ports and Special Economic Zone’s wholly owned subsidiary -- Adani Logistics (ALL) has signed a definitive agreement to acquire the ICD ‘Tumb’ (Vapi) from Navkar Corporation for an enterprise value of Rs 835 crore. The deal comprises acquisition of the operational ICD with capacity to handle 0.5 million Twenty-foot Equivalent Unit (TEU). The associated 129 acres of land provides an additional expansion path to increase capacity and cargo in near future as additional industrial corridors and logistic parks get added along these DFC routes. The Tumb ICD has a private freight terminal with four rail handling lines connected with Western DFC and has custom notified land & bonded warehouse facilities.
Adani Ports and Special Economic Zone, a part of globally diversified Adani Group, is the largest integrated logistics player in India.
