APSEZ subsidiary establishes unit to set up spoke silo complexes

AHMEDABAD : Adani Ports and Special Economic Zone(APSEZ)  has set up a subsidiary that will develop and operate silo complexes at specific locations in the country.

Established by Adani Ports’ step-down subsidiary, Adani Agri Logistics, the new company called HM Agri Logistics has been set up with an initial capital of ₹5 lakhs.

According to an exchange filing, HM Agri has been set up with the purpose of developing, designing, constructing, financing, procurement, engineering, operating, and maintaining silo complexes without container depots on design, operation, building, finance, own and operate basis under public, private partnership mode.

Last year, Adani Agri Logistics got a contract from the state-owned Food Corporation of India (FCI) to build four silo complexes in Uttar Pradesh and Bihar, following competitive bidding.

It will develop and operate state-of-the-art silo complexes at four locations — Kanpur, Gonda, and Sandila in Uttar Pradesh and Katihar in Bihar creating a total silo storage capacity of 3.5 lakh tonne.

Silo complexes, which are mechanised and automated units equipped with temperature and humidity controls, are built to handle, store and preserve food grains. The handling process, from procurement to transportation, is in bulk form catered through containerised movement.

The silo complexes will benefit farmers across the states of Uttar Pradesh and Bihar. The silo complexes will be executed under the Design, Build, Finance, Operate and Transfer (DBFOT) mode.

Adani Logistics Ltd is the most diversified end-to-end integrated logistics service provider in India by creating logistics infrastructure, including multimodal logistics parks, and complete rail solutions for container, liquid, grain, bulk and auto with a presence across all major markets.

The company has been operational in India for nearly a decade and a half. It has developed and operates Multi-Modal Logistics Parks (MMLP) at Patli, Kishangarh, Kilaraipur, Malur, Mundra, Nagpur, and Taloja.

The company operates 77 freight trains (42 container trains, 25 bulk trains, 7 agri trains and 3 auto trains), 8,00,000 square feet of warehousing space, 5,000-plus containers, 0.9 million tonnes of grain silos, and a fleet of 285 own trucks.