Adani Ports and Special Economic Zone Ltd.

Adani Ports and Special Economic Zone’s (APSEZ) wholly owned subsidiary -- HDC Bulk Terminal (HBTL) has signed the Concession Agreement with Syama Prasad Mookerjee Port, Kolkata (SMPK) for mechanization of Berth no. 2 at Haldia Dock Complex (HDC) in Bengal. This is in continuation to the selection of APSEZ as a successful bidder by SMPK earlier in February. As per the Concession Agreement signed between SMPK and HBTL, the Special Purpose Vehicle (SPV) formed to implement the project will get the rights to design, build, finance, operate, maintain and manage the bulk terminal with a capacity of 3.74 million tons per annum for a concession period of 30 years at Haldia Dock Complex, Haldia.

As per the signed Concession Agreement, HBTL will undertake the financial closure for the project within six months and commence the construction of the terminal. The estimated cost of the project is Rs 298 crore. The project has already received the necessary environment clearance. The Haldia Dock Complex houses various bulk handling facilities at Haldia under SMPK’s purview. Haldia Dock Complex caters to a large hinterland including Bengal, Bihar, Uttar Pradesh, Jharkhand, Assam, Northeastern Hill States and the landlocked neighboring country of Nepal. This terminal will handle the supply chain of raw materials in the steel plants, power plants and cement plants located in the hinterland.

Adani Ports and Special Economic Zone, a part of globally diversified Adani Group, is the largest integrated logistics player in India.