Adani Ports bags 5-year operation and maintenance contract at Kolkata port

New Delhi: Adani Ports and Special Economic Zone Limited (APSEZ) on Friday said it has secured a five-year Operation and Maintenance (O&M) contract for the container facility at the Syama Prasad Mookerjee Port in Kolkata.

With this, APSEZ has to deploy cargo handling equipment within seven months from the letter of acceptance (LOA) date, the company said in a statement.

“APSEZ won the five-year O&M contract through a competitive bidding process, which mandates the successful bidder to deploy cargo handling equipment within seven months from the letter of acceptance (LOA) date,” the statement said.

For the Indo-Bangladesh Protocol on Inland Water Transit and Trade route, Kolkata port has been nominated. Netaji Subhas Dock receives regular liner service calls from Singapore’s hub ports, Port Kelang and Colombo.

“The existence of APSEZ at the port may improve linkage between the terminal and its container ports, specifically with the transshipment hubs at Vizhinjam and Colombo that are under consideration for commissioning during the year,” it said.

Netaji Subhas Dock is being promoted as India’s largest container terminal on the country’s east coast. It handled around 0.63 million TEUs in FY2023-24, serving a broad hinterland that included West Bengal, Bihar, Assam, Uttar Pradesh, Jharkhand, the northeastern hill states, and the landlocked adjacent countries of Nepal and Bhutan.

Ashwani Gupta, Whole-Time Director and CEO of APSEZ, stated that the company will bring its experience of over two decades of efficiently managing various container terminals within India and outside, helping customers and the people of the state.

At around 11.01 AM, Adani Ports was trading 1.53% higher at ₹1,373.70 per piece, against the previous close of ₹1,352.95 on NSE. The counter touched an intraday high and low of ₹1,381.45, and ₹1,355.05, respectively.