India’s Adani Ports and Special Economic Zone (APSEZ) has completed the acquisition of 100 per cent of the shares of Dighi Port (DPL) near Mumbai for INR7.05 billion (US$97 million).
DPL, the 12th port to join APSEZ’s string of ports across the eastern and western coast of India, will be the first APSEZ-operated port in the state of Maharashtra.
APSEZ said that it plans to invest over INR100 billion (US$1.37 billion) to develop the port into a multi-cargo port with world class infrastructure as well as invest in the development of rail and road evacuation infrastructure for seamless and efficient cargo movement. The company will strengthen and repair existing infrastructure and invest in the development of facilities for dry, container, and liquid cargo.
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