APSEZ has completed the acquisition of the port for Rs 705 crore.
DPL, the 12th port to join APSEZ’s string of ports across the eastern and western coast of India would establish the company’s footprint in Maharashtra.
The company will strengthen and repair existing infrastructure and invest in development of facilities for dry, container, and liquid cargo, it said in a statement.
“DPL will evolve as an alternative gateway to JNPT and will invite and support the development of port-based industries on port land. The development of DPL will lead to further investments across various industries such as consumer appliances, metals, energy, petrochemicals, and chemicals business in Maharashtra and provide a tremendous fillip to the industrial development and growth in Maharashtra. These investments will contribute to employment generation and socio-economic development of the port’s hinterland,” the company said in a statement.
Adani is India’s largest port developer and operator with 12 ports and terminals — Mundra, Dahej, Tuna and Hazira in Gujarat, Dhamra in Odisha, Mormugao in Goa, Visakhapatnam in Andhra Pradesh, and Kattupalli and Ennore in Chennai and Krishnapatnam in Andhra Pradesh — representing 24% of the country’s total port capacity.