Adani Ports acquires Dighi Port earmarks INR 10,000 Cr to build new gateway into Maharashtra

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Adani Ports and Special Economic Zone Ltd. completed
the acquisition of 100% stake of Dighi Port Limited (DPL) for INR 705 Cr on February 15,

  1. The company had intimated the commencement of this development to stock
    exchanges on March 6, 2020.
    DPL, the 12 th port to join APSEZ’s string of economic gateways across the eastern and
    western coast of India would establish the company’s footprint in Maharashtra, the largest
    contributor to India’s GDP.
  2. This would enable APSEZ to service customers in Maharashtra
    which includes the highly industrial areas and development in the Mumbai & Pune regions.

APSEZ plans to invest over INR 10,000 Cr to develop the port into a multi-cargo port with world class infrastructure as well as investing in the development of rail & road evacuation infrastructure for seamless and efficient cargo movement.

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

DPL will evolve as an alternative gateway to JNPT and will invite and support the development of port-based industries on port land. The development of DPL will lead to further investments across various industries such as consumer appliances, metals, energy,
petrochemicals, and chemicals business in Maharashtra and provide a tremendous fillip to the industrial development and growth in Maharashtra. These investments will contribute to employment generation and socio-economic development of the port’s hinterland.

Business Gujarat News

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