Adani Ports Forms Subsidiary for Deendayal Port Cargo Project

Adani Ports and Special Economic Zone Ltd (APSEZ) has announced in a stock exchange filing the incorporation of a wholly-owned subsidiary, DPA Container and Clean Cargo Terminal Limited (DPACCCTL), on August 9, 2024. This new entity, established with an authorised and paid-up share capital of ₹5,00,000, is divided into 50,000 equity shares of ₹10 each.

DPACCCTL is part of the port industry and has been set up to undertake significant projects related to port operations. Specifically, the subsidiary’s primary objective is the development, operation, and maintenance of Berth No.13 at Deendayal Port. This berth will be designed, built, financed, operated, and transferred (DBFOT) for the purpose of handling multipurpose clean cargo, including container cargo.

The establishment of DPACCCTL aligns with APSEZ’s strategic goals of expanding its port operations and enhancing its capacity to manage a diverse range of cargo. The project at Deendayal Port is expected to play a crucial role in supporting the growing demand for efficient and sustainable cargo handling solutions in India.

The cost of acquiring DPA Container and Clean Cargo Terminal Limited has been stated as ₹5,00,000, corresponding to the value of 50,000 equity shares at ₹10 each. The subsidiary is incorporated in India and registered with the Registrar of Companies in Gujarat, Ahmedabad.

As of now, DPA Container and Clean Cargo Terminal Limited is yet to commence its business operations, with its activities likely to kick off as the development of Berth No.13 progresses. This incorporation marks another step forward for APSEZ in its ongoing efforts to bolster India’s port infrastructure and logistics capabilities.

About Adani Ports and Special Economic Zone Ltd

Adani Ports & Special Economic Zone develops, operates, and maintains port infrastructure and has a linked multi-product Special Economic Zone (SEZ) at Mundra. For Q1 FY25, the company reported a 21% YoY increase in revenue to ₹7,560 crore. It also achieved its highest-ever EBITDA of ₹4,848 crore, a 29% YoY rise, and a record PAT of ₹3,107 crore, up 47% YoY.

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