Adani Ports and Special Economic Zone Ltd.

Adani Ports and Special Economic Zone (APSEZ) have executed a definitive agreement with L&T Infrastructure Development Projects and Tata Steel to acquire 100% stake in the Dhamra Port Company (DPCL) at an enterprise value of Rs 5500 crore.

The Dhamra port is a deep draft, all weather multi-user port located on the East Coast of India in the state of Odisha. The port commenced operations in May 2011 and handled a total cargo of 14.3 million tons in FY14. The port has two fully mechanized existing berths, 63 kilometers of a private rail line connecting the Bhadrak station to the main trunk line and has already received environmental clearance for the development of 12 additional berths.

Adani Ports and Special Economic Zone also operates terminals in Hazira and Dahej, in Gujarat, Mormugao in Goa and Visakhapatnam in Andhra Pradesh. It is setting up a bulk cargo handling facility in Tuna Tekra (Kandla Port) in Gujarat and a container terminal at Ennore in Tamil Nadu.