Dhamra Port received environmental clearance from the government for its next phase of expansion worth Rs7,000 Cr, which would be invested over the next five years. The port will be ordering 11 cargo berths under the plan that would result in more than a three-fold rise in capacity. This development follows the Orissa Port naming Adani Ports and Special Economic Zone (APSEZ) as its operations consultant.
Last year, APSEZ agreed to buy the port, which is an equal venture between Tata Steel and Larsen & Toubro. Once it comes through, this would be the largest deal in the Indian ports sector pegged at R5,000 crore by industry analysts. This deal will boost APSEZ’s presence on the east coast – which has now also caught the government’s attention.