Adani Ports bags 5-year O&M contract of container facility in Kolkata's Syama Prasad Mookerjee Port
New Delhi/IBNS: Adani Ports and Special Economic Zone Limited (APSEZ) announced that it has received the letter of intent (LOI) for the operation and maintenance (O&M) of the container facility in Kolkata's Syama Prasad Mookerjee Port, reports said.
According to reports, the Adani Group company has bagged a five-year operation and maintenance (O&M) contract of Syama Prasad Mookerjee Port's container facility through a competitive bidding process.
The company said in a stock exchange filing that the successful bidder has to deploy cargo handling equipment within seven months from the letter of acceptance (LOA) date, reports CNBC TV18.
The Syama Prasad Mookerjee Port in Kolkata is the nominated port for the Indo-Bangladesh Protocol on Inland Water Transit and Trade route, while Netaji Subhas Dock in Kolkata's Garden Reach has regular liner service calls from the hub ports of Singapore, Port Kelang and Colombo.
The dock is touted to be the largest container terminal on the eastern coast of India, reports said.
Netaji Subhas Dock handled around 0.63 million TEUs (twenty-foot equivalent unit) in FY2023-24, serving a vast hinterland encompassing West Bengal, Bihar, Uttar Pradesh, Jharkhand, Assam, the northeastern hill states and the landlocked neighbouring countries of Nepal and Bhutan, as per reports.
IBNS
Senior Staff Reporter at Northeast Herald, covering news from Tripura and Northeast India.
Related Articles
CRR cut, AI ethics push, and SORR benchmark: Experts hail RBI’s pragmatic policy moves
Mumbai: The Reserve Bank of India (RBI) has kept the repo rate unchanged at 6.5% while the cash reserve ratio (CRR) has been slashed by 50 basis points to 4 percent, media reports said.
JP Morgan gives 'overweight' rating to Adani Group bonds
Mumbai: US investment bank JP Morgan has assigned an 'overweight' rating to four bonds issued by the Adani Group, citing the group's capacity to scale and grow through internal cash flows, which reduces the likelihood of credit stress.
LG Electronics files DRPH with SEBI; IPO size expected to be over RS 15,000 cr
Mumbai: South Korean electronics giant LG Electronics has filed a draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) on Friday for the proposed public listing of its Indian business, according to a notification on the Bombay Stock Exchange (BSE).
De-dollarisation not on India's agenda; derisking domestic trade is: RBI Governor Shaktikanta Das
Mumbai: India has not initiated any steps towards de-dollarisation and is solely focused on mitigating risks to domestic trade from geopolitical uncertainties, Reserve Bank of India (RBI) Governor Shaktikanta Das clarified on Friday, media reports said.
Latest News
Indian couple from Nagpur killed in road accident in Italy
India thrash West Indies in Ahmedabad by an innings and 140 runs, take unbeatable 1-0 lead
'Unilateral release of water by DVC': Mamata blames Centre for flood-like situation in Bengal; BJP calls her 'pathological liar'
UN event in Geneva marks Mahatma Gandhi's birth anniversary
