HomeBusinessAdani Port completes acquisition of Dighi Port for Rs 705 crore

Adani Port completes acquisition of Dighi Port for Rs 705 crore

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Adani Port and Special Economic Zone have said, “It has completed the acquisition of Dighi Port for Rs 705 crore, and will invest over Rs 10,000 crore to develop the port into a multi-cargo port.”

Adani Port in its filing said, “The company will strengthen and repair existing infrastructure and will invest in the development of facilities for dry containers and liquid cargo.”

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“DPL will evolve as a gateway to JNPT and will invite and support the development of port-based industries on port and land,” the company said 

“Development of DPL will lead to further investments across various industries such as consumer appliances, metals, energy, and chemical business in Maharashtra, and provide a tremendous fillip to the industrial development and growth in Maharashtra,” Adani Port in its statement said.

“This investment will contribute to employment generation and socio-economic of the hinterland of the port,” it added.

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Krishna Mali
Krishna Mali
Founder, CEO & Group Editor of TechGraph.
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