Adani to invest heavily to make Dighi port multi-cargo
PORTS & SHIPPING

Adani to invest heavily to make Dighi port multi-cargo

Adani Ports and Special Economic Zone Ltd (APSEZ) completed the acquisition of Dighi Port Ltd (DPL) this week for Rs 705 crore. DPL will be the 12th port to join APSEZ's slew of economic gateways across the western and eastern coast of India.

The acquisition would enable APSEZ to service customers in Maharashtra, including the highly industrial areas and development in the Mumbai and Pune regions.

APSEZ aims to invest over Rs 10,000 crore to develop the port into a multi-cargo port with quality infrastructure and invest in the development of rail and road evacuation infrastructure for seamless and efficient cargo movement.

The company will strengthen and repair existing infrastructure and invest in developing facilities for the dry, container, and liquid cargo.

DPL is expected to evolve as an alternative gateway to the Jawaharlal Nehru Port Trust (JNPT) and invite and support the development of port-based industries on portland.


Make in Steel 2021

24 February 

Click for event info


4th Indian Cement Review Conference 2021

17-18 March 

Click for event info


The development of DPL will lead to further investments across various industries such as consumer appliances, metals, petrochemicals, energy, and chemicals business in Maharashtra.

As per the resolution plan's terms and requirements, the transfer of concession rights has also been approved by the Maharashtra Maritime Board (MMB) and APSEZ has settled the financial creditors' dues and other admitted costs and claims.

APSEZ told the media that its investment and capacity augmentation plan would be aligned with Maharashtra Government's policies for the development of ports, associated infrastructure, industrial and socio-economic development in the state.

Image: APSEZ aims to invest over Rs 10,000 crore to develop the port into a multi-cargo port .


Also read: Adani Ports market cap crosses Rs 1 trillion mark

Adani Ports and Special Economic Zone Ltd (APSEZ) completed the acquisition of Dighi Port Ltd (DPL) this week for Rs 705 crore. DPL will be the 12th port to join APSEZ's slew of economic gateways across the western and eastern coast of India. The acquisition would enable APSEZ to service customers in Maharashtra, including the highly industrial areas and development in the Mumbai and Pune regions. APSEZ aims to invest over Rs 10,000 crore to develop the port into a multi-cargo port with quality infrastructure and invest in the development of rail and road evacuation infrastructure for seamless and efficient cargo movement. The company will strengthen and repair existing infrastructure and invest in developing facilities for the dry, container, and liquid cargo. DPL is expected to evolve as an alternative gateway to the Jawaharlal Nehru Port Trust (JNPT) and invite and support the development of port-based industries on portland.Make in Steel 202124 February Click for event info4th Indian Cement Review Conference 202117-18 March Click for event info The development of DPL will lead to further investments across various industries such as consumer appliances, metals, petrochemicals, energy, and chemicals business in Maharashtra. As per the resolution plan's terms and requirements, the transfer of concession rights has also been approved by the Maharashtra Maritime Board (MMB) and APSEZ has settled the financial creditors' dues and other admitted costs and claims. APSEZ told the media that its investment and capacity augmentation plan would be aligned with Maharashtra Government's policies for the development of ports, associated infrastructure, industrial and socio-economic development in the state. Image: APSEZ aims to invest over Rs 10,000 crore to develop the port into a multi-cargo port .Also read: Adani Ports market cap crosses Rs 1 trillion mark

Next Story
Infrastructure Energy

Samridh, CEID Launch High-Capacity Biogas Plant in Moradabad

Samridh Bioenergy has broken ground on a 12 TPD compressed biogas (CBG) plant in Moradabad, Uttar Pradesh, under the MNRE’s National Bioenergy Programme. Spread across 12 acres, the plant will process 270 tonne of organic waste daily and generate 30,000 cubic metre of biogas per day.CEID Consultants and Engineering Pvt Ltd has been appointed as the EPC contractor, responsible for the complete design, procurement, and construction of the plant. Equipped with four multi-feed digesters, the facility will accept a mix of press mud, cow dung, chicken litter, and vegetable waste, supporting contin..

Next Story
Real Estate

Delhi Micro-Markets Drive Up Housing Prices: Grihum Study

A new study by Grihum Housing Finance reveals that the rise of micro-markets across Delhi-NCR is fuelling real estate price appreciation, especially in the affordable housing segment. Key drivers include renewed post-pandemic interest, migration trends, and government schemes like PMAY.According to the study, over the past two decades, floor rates have risen 267 per cent, from Rs 1,500 per sq ft in 2005 to Rs 5,500 in 2024. In the same period, land rates surged 492 per cent, from Rs 1,300 to Rs 7,700 per sq ft. The sharp increase highlights strong capital appreciation in Delhi’s emerging loc..

Next Story
Resources

Covestro Develops PCR Polycarbonates from End-of-Life Headlamps

Materials manufacturer Covestro has launched post-consumer recycled (PCR) polycarbonates made from end-of-life automotive headlamps, in a move aimed at strengthening circularity in the auto industry. These TÜV Rheinland-certified grades, containing 50 per cent recycled content, are now commercially available for new automotive applications.Developed under a joint programme led by GIZ, with Volkswagen and NIO as key partners, the recycled material is currently being validated for use in future vehicle models.""This new line of polycarbonate represents a significant step in supporting the autom..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?