Adani Ports and Special Economic Zone (APSEZ) has completed the acquisition of Dighi Port Limited (DPL), which has gone through an insolvency process for Rs 705 crore. Dighi Port is located on the banks of Rajpuri Creek in Raigad district of Maharashtra. Its distance is 42 nautical miles from Mumbai Port and it is 170 km by road. Adani Ports said the company would invest more than Rs 10,000 crore to develop the port as an alternative gateway to Maharashtra. Dighi Port has become the 12th port under the banner of APSEZ.
Karan Adani, Whole Time Director and CEO of APSEZ, said that the successful acquisition of DPL has added a new record to the Adani Port’s goal of building ports, which will increase service coverage across India’s economic sector. He said that Adani Ports will invest more than Rs 10,000 crore to develop Dighi Port into a multi-cargo port with world-class infrastructure.
Along with this, the company also plans to invest in the development of rail and road infrastructure for easier and better cargo movement. This will establish the company’s presence in Maharashtra, which contributes the most to India’s GDP. The company said that this port will help APSEZ to serve customers in Maharashtra including development of large industrial areas and Mumbai and Pune regions.
Adani Ports said that the company will strengthen the existing infrastructure and repair them. There will also be an investment in the development of facilities for dry, container and liquid cargo. Let us tell you that the company plans to develop Dighi Port as an alternative gateway to Jawaharlal Nehru Port (JNPT). The company said in its statement that as per the terms of the resolution plan, the transfer of concession rights has also been approved by the Maharashtra Maritime Board and APSEZ, which has settled financial creditors, MMB dues and other costs and claims.