Adani Ports forays into Bengal with Rs 298 crore Haldia project – Times of India

New Delhi: Adani Ports and a subsidiary of Special Economic Zone (APSEZ) will modernize HDC Bulk Terminal Limited Haldia The port in West Bengal, at an estimated cost of Rs 298 crore, marks the entry of the Ahmedabad-based conglomerate into the port sector of the state.
“The upgradation of Haldia Bulk Terminal provides us an opportunity to firmly establish APSEZ’s footprint in West Bengal,” the company quoted APSEZ CEO Karan Adani as saying on Thursday for the mechanization of berth no. The company said after it was signed.
APSEZ has also emerged as the highest bidder for the Mamata Banerjee government’s Rs 7,000-crore showcase Tajpur Deep Sea Port project, but the state is yet to award the contract. Another group company, adani vilmareThere is an edible oil plant in Haldia.
Group Chairman at the Bengal Global Business Summit in April gautam adani had announced that their edible oil-to-energy and infrastructure group would invest Rs 10,000 crore to develop world-class ports, data centers and connect centers of excellence in undersea cable, digital innovation, warehouse and logistics parks .
Haldia Dock Complex has various bulk handling facilities for raw material supply chain for steel plants, power plants and cement plants in a vast hinterland spread over West Bengal, Bihar, Jharkhand, UP, Assam, North Eastern states and Nepal.
The concession agreement envisages creation of an SPV (Special Purpose Vehicle) which will acquire the rights to design, build, finance, operate, maintain and manage the bulk terminal with a capacity of 3.7 million tonnes per annum for 30 years.