Ahmedabad, June 7 (IANS) Adani Ports and Special Economic Zone Limited (APSEZ) said on Friday that it has received the letter of intent (LoI) for the operation and maintenance of the container facility at the Netaji Subhas Dock at the Syama Prasad Mookerjee Port in Kolkata for five years.
With this, India’s largest port developer-cum-operator has established its presence at the largest container handling facility on the eastern coast.
“The contract for container handling facilities at the Netaji Subhas Dock to APSEZ underlines our commitment to develop ports and logistics infrastructure across the country, and the potential we see in West Bengal,” said Ashwani Gupta, whole-time Director and CEO, APSEZ.
“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,” Gupta added.
APSEZ has won the five-year contract through a competitive bidding process, which mandates the successful bidder to deploy cargo handling equipment within seven months from the letter of acceptance (LoA) date.
Netaji Subhas Dock is the largest container terminal on the eastern coast which handled around 0.63 million twenty-foot equivalent units (TEUs) in FY 2023-24.
The presence of APSEZ at the dock is likely to improve connectivity between the terminal and its container ports, particularly with the transshipment hubs at Vizhinjam and Colombo that are targeted for commissioning during the year.
Adani Ports has seven strategically located ports and terminals on the western coast and eight ports and terminals on the eastern coast, representing 27 per cent of the country’s total port volumes.
–IANS
na/arm
Disclaimer
The information contained in this website is for general information purposes only. The information is provided by TodayIndia.news and while we endeavour to keep the information up to date and correct, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability or availability with respect to the website or the information, products, services, or related graphics contained on the website for any purpose. Any reliance you place on such information is therefore strictly at your own risk.
In no event will we be liable for any loss or damage including without limitation, indirect or consequential loss or damage, or any loss or damage whatsoever arising from loss of data or profits arising out of, or in connection with, the use of this website.
Through this website you are able to link to other websites which are not under the control of TodayIndia.news We have no control over the nature, content and availability of those sites. The inclusion of any links does not necessarily imply a recommendation or endorse the views expressed within them.
Every effort is made to keep the website up and running smoothly. However, TodayIndia.news takes no responsibility for, and will not be liable for, the website being temporarily unavailable due to technical issues beyond our control.
For any legal details or query please visit original source link given with news or click on Go to Source.
Our translation service aims to offer the most accurate translation possible and we rarely experience any issues with news post. However, as the translation is carried out by third part tool there is a possibility for error to cause the occasional inaccuracy. We therefore require you to accept this disclaimer before confirming any translation news with us.
If you are not willing to accept this disclaimer then we recommend reading news post in its original language.
