Adani Ports Wins 30-Year Concession for ₹982 Crore Dry Bulk Berths at Paradip Port, Odisha
Adani Ports and Special Economic Zone Limited (APSEZ) has received a Letter of Award for the development and operation of two dry bulk berths at Paradip Port in Odisha's Jagatsinghpur district. The company emerged as the highest bidder for the project, awarded on a Build-Operate-Transfer basis under the Public-Private Partnership model, for a 30-year concession period.
APSEZ will develop the CQ-I and CQ-II berths, which have a combined length of around 485 metres, with mechanised cargo-handling systems, deep-draft berths and large-scale storage infrastructure. Tender-stage estimates put the project cost at approximately ₹982 crore.
The project will add 18 million metric tonnes (MMT) of dry bulk capacity, taking APSEZ's total domestic portfolio from 653 MMT to 671 MMTPA. The berths are designed as a common-user facility to handle coal, limestone and other dry bulk commodities.
The concession marks APSEZ's entry into Paradip, India's second-largest major port, extending its network to 16 ports and terminals along the country's coastline. Paradip is located in a mineral-rich hinterland near major steel plants in eastern and central India.
Ashwani Gupta, Whole-time Director and CEO of APSEZ, said the concession strengthens the company's East Coast presence and access to the region's industrial and mineral-rich hinterland. Details on the construction timeline and commissioning date have not been disclosed.