Adani Ports Secures O&M Contract for Netaji Subhas Dock in Kolkata

On June 7, 2024, Adani Ports and Special Economic Zone Limited (APSEZ) informed in an exchange filing that the company received the letter of intent (LOI) for the operation and maintenance (O&M) of the container facility at the Netaji Subhas Dock at the Syama Prasad Mookerjee Port in Kolkata. APSEZ secured the five-year O&M contract through a competitive bidding process, requiring the winning bidder to deploy cargo handling equipment within seven months of the letter of acceptance (LOA) date.

The company stated that the contract agreement must be signed within 45 days of the issuance of the letter of intent by Syama Prasad Mookerjee Port Authority, Kolkata. The size of the order cannot be determined as it depends on future cargo.

Notably, Netaji Subhas Dock is the largest container terminal on the eastern coast of India. In FY 2024, it handled about 0.63 million TEUs (twenty-foot equivalent units), catering to an extensive hinterland that includes West Bengal, Uttar Pradesh, Bihar, Assam, Jharkhand, the northeastern hill states, and the landlocked neighbouring countries of Nepal and Bhutan.

The Kolkata port is designated for the Indo-Bangladesh Protocol on Inland Water Transit and Trade routes. Netaji Subhas Dock regularly receives liner service calls from hub ports such as Singapore, Port Kelang, and Colombo. APSEZ’s presence at the dock is expected to enhance connectivity between the terminal and its container ports, particularly with the transhipment hubs at Vizhinjam and Colombo, which are scheduled for commissioning this year.

Commenting on the order, the Whole-Time Director and CEO of APSEZ, Mr Ashwani Gupta, said, “The award of the O&M contract for container handling facilities at Netaji Subhas Dock to APSEZ underlines our commitment to developing ports and logistics infrastructure across the country and the potential we see in West Bengal. We will bring our experience of over two decades of efficiently managing various container terminals within India and outside, benefiting customers and the people of the state.”

About Adani Ports and Special Economic Zone Limited

Adani Ports and Special Economic Zone Ltd is India’s largest port developer and operator, boasting 7 strategically positioned ports and terminals on the west coast and 8 ports and terminals on the East coast. This extensive network represents 27% of the nation’s total port volumes, enabling the efficient handling of cargo from both coastal areas and the hinterland.

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