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Adani Ports Signs Agreement with Syama Prasad Mookerjee Port to Expand Haldia Port

Adani Ports and Special Economic Zone Limited (APSEZ) said in a press release that its subsidiary, HDC Bulk Terminal Ltd (HBTL), has signed a concession agreement with Syama Prasad Mookerjee Port, Kolkata (SMPK) for the mechanisation of Berth no. 2 at Haldia port. The estimated cost for this project is about Rs. 298 crore, and it will add to Haldia port’s handling capacity. This project will also enhance the terminal’s logistical efficiency.

As per the agreement, a Special Purpose Vehicle (SPV) will execute this project. Its scope of work will entail designing, building, financing, and subsequently operating and managing the port terminal at Haldia. This port terminal will have a capacity to handle 3.4 Million Metric Tonnes Per Annum (MMTPA), and it will be handled by the SPV for a period of 30 years.

This port terminal will cater to the supply chain of raw materials to cement manufacturing plants, power plants and steel plants. The areas served by Haldia port include Uttar Pradesh, Bihar, Jharkhand, West Bengal, North East India, and Nepal.