To expand its presence in the country’s east coast, India’s biggest port operator Adani Ports is said to have clinched a deal to acquire Dhamra Port, an equal joint venture between Tatas and L&T. The deal is stated to be around Rs 5,000 crore. Sources concerned said that the deal has almost completed as the talks between Adanis and Tata Steel and Larsen & Toubro have reached to the stage of signing it formally.
Odisha government has awarded a concession to Dhamra Port Company, which operates the port, to build and operate a port on Dhamra river in Bhadrak district on BOOST (Build, Own, Operate, Share and Transfer) basis for a total period of 34 years, including a period of 4 years for construction.
As the location of Dhamra is in close proximity to mineral belt of Orissa, Jharkhand and West Bengal, it is poised to become the biggest and most efficient Port in the East Coast of India, Dhamra Port company says. In India, Adani Ports is the largest port operator with its flagship Mundra Port in Gujarat being the largest commercial port. The company has presence at six ports in India, five being at the west coast.
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