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APSEZ completes acquisition of Dighi Port

Wednesday, 17 Feb 2021
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Adani Ports and Special Economic Zone (APSEZ) has completed the acquisition of 100 percent stake of Dighi Port (DPL) for Rs 705 crore on 15 February 2021.

DPL, the 12th port to join APSEZ’s string of economic gateways across the eastern and western coast of India will establish the company’s footprint in Maharashtra. This will enable APSEZ to service customers in Maharashtra which include the highly industrial areas and development in Mumbai and Pune regions.

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

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

DPL will evolve as an alternative gateway to JNPT and invite and support 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.  

These investments will contribute to employment generation and socio-economic development of the port's hinterland.

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

 
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