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Adani Ports wins O&M contract for 5 years at SMP Kolkata

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AHMEDABAD : Adani Ports and Special Economic Zone Ltd. (APSEZ) announced that it has received the letter of intent (LOI) for the operation and maintenance (O&M) of the container facility at the Syama Prasad Mookerjee Port in Kolkata.

We’re thrilled to receive the LOI for the operations and maintenance of a container terminal at the prestigious Syama Prasad Mookerjee Port, Kolkata. Leveraging decades of experience managing ports in India & abroad, we will leave no stone unturned to boost efficiency. This O&M contract will also now enable us to serve our customers in West Bengal region“, said Karan Adani the MD of Adani Ports and SEZ Ltd in a post.

The Adani Group company has won a five year O&M contract through a competitive bidding process. With this, the successful bidder has to deploy cargo handling equipment within seven months from the letter of acceptance (LOA) date, the company said in a stock exchange filing.

The Kolkata port is the nominated port for the Indo-Bangladesh Protocol on Inland Water Transit and Trade route. Netaji Subhas Dock has regular liner service calls from the hub ports of Singapore, Port Kelang and Colombo.

“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,” it said.

Netaji Subhas Dock is touted to be the largest container terminal on the eastern coast of India. It handled around 0.63 million TEUs in FY2023-24, serving a vast hinterland encompassing West Bengal, Bihar, Uttar Pradesh, Jharkhand, Assam, the northeastern hill states and the landlocked neighbouring countries of Nepal and Bhutan.

“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,” said Ashwani Gupta, Whole-Time Director and CEO at APSEZ.

On Friday, shares of Adani Ports were trading at ₹1,375, up 1.63% on the NSE. The stock has risen over 30% so far this year.

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