Business EconomyPosted at: Oct 9 2026 8:11PM


Adani sets up Paradip Port subsidiary for dry bulk berths project in Odisha

Mumbai, Oct 9 (UNI) Adani Ports and Special Economic Zone Limited (APSEZ) informed the stock exchange today that it has incorporated a fully-owned subsidiary, called Paradip Mahanadi Terminal Limited, in order to develop and operate two dry bulk berths at Odisha’s Paradip Port, on the eastern coastline of India.
Fully owned by APSEZ, Paradip Mahanadi Terminal Limited has been incorporated with an authorised and paid-up share capital of Rs 5 lakh, which has been divided into 50,000 equity shares of Rs 10 each, according to the filing here.
“The company belongs to the port industry and is yet to commence its business operations,” APSEZ’s filing stated.
The development comes after APSEZ informed the stock exchanges on September 9 that it has received a Letter of Award (LoA) for the development and operation of the CQ-I and CQ-II berths at Paradip.
The newly set up APSEZ-owned company, Paradip Mahanadi Terminal Limited, will oversee the development and operations of the new dry bulk berths, which are expected to add 18 million metric tonnes (MMT) of fresh capacity to the mega port, according to the stock exchange filing.
After APSEZ emerged as the highest bidder for the 30-year concession project to be executed under the Public-Private Partnership (PPP) model, the dry bulk berths will be upgraded with state-of-the-art mechanised cargo handling systems, deep-draft berths, and large-scale storage infrastructure, according to the filing.
This is expected to increase Paradip Port’s capacity to handle rising volumes of coal, limestone and other dry bulk commodities, as it expands its influence after becoming India’s first mega port on India’s eastern coast.
The additional 18 million metric tonnes (MMT) is also expected to take Adani Ports’ total domestic portfolio to 671 MMT per year, serving as a major push towards reaching its cargo handling target of 1 billion tonnes per year by 2030, according to the stock exchange filing.
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Tags: #Adani sets up Paradip Port subsidiary for dry bulk berths project in Odisha
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