Dighi Port

Adani Ports acquires Dighi Port, earmarks Rs 10,000 crore for new gateway

DPL, the 12th port to join APSEZ's string of economic gateways across the eastern and western coast of India will establish the company's footprint in Maharashtra, the largest contributor to GDP

Adani Ports gains 5%, hits new high on completing Dighi Port acquisition

APSEZ plans to invest over Rs 10,000 crore to develop the port into a multi-cargo port and investing in the development of rail and road evacuation infrastructure

Adani Ports to invest Rs 10,000 crore to develop Dighi Port

Adani Portsand Special Economic Zone (APSEZ) on Tuesday said it has completed the acquisition of Dighi Port for Rs 705 crore and would invest over Rs 10,000 crore in developing it as an alternate gateway to JNPT. JNPT is India's largest container port and is one of the 12 major ports in the country. APSEZ completed the acquisition of 100 per cent DPL for Rs 705 crore on February 15, 2021....DPL, the 12thport to join APSEZ's string of economic gateways across the eastern and western coast of India would establish the company's footprint in Maharashtra, the largest contributor to India's GDP, APSEZ said in a statement. This would enable APSEZ to service customers in Maharashtra whichincludes the highly industrial areas and development in the Mumbai and Pune regions, it said. APSEZ plans to invest over Rs 10,000 crore to develop the port into a multi-cargo port with world class infrastructure as well as investing in the development of rail & road evacuation infrastructure for ...

Adani Ports completes acquisition of Dighi Port Ltd for Rs 705 crore

APSEZ to invest Rs 10,000 crore to develop facility into multi-cargo port

Recovery of port volumes, market share gains bode well for Adani Ports

For Adani Ports, after a 27 per cent volume fall in the June quarter, they increased 6 per cent in July.

NCLAT upholds Adani Ports & Special Economic Zone's takeover of Dighi Port

The National Company Law Appellate Tribunal (NCLAT) has upheld the Adani Group firm - Adani Ports & Special Economic Zone's take-over plan of the debt-ridden Dighi Port. A three-member NCLAT bench dismissed the plea filed by promoter Vishal Vijay Kalantri challenging the order passed by the Mumbai bench of National Company Law Tribunal (NCLT), which had approved the Rs 650-crore resolution plan by Adani Ports & Special Economic Zone (APSEZ) on March 5. The appellate tribunal rejected Kalantri's submissions contending that NCLT has failed to consider objections raised by it over the resolution plan submitted by APSEZ and rejected the settlement proposal submitted by his company Balaji Infra Projects Ltd (BIPL). "All objections raised qua the action of the 'Resolution Professional' during Corporate Insolvency Resolution Process (CIRP), approval of 'Resolution Plan' of 'APSEZ' by the Committee of Creditors and its subsequent approval by the Adjudicating Authority being unfounded .

NCLAT rejects Dighi port promoters' plea challenging insolvency proceedings

The NCLAT said that the matter was already pending before the NCLT for passing the order

Adanis' Rs 650-crore offer for debt-ridden Dighi Port gets NCLT nod

The NCLT has approved Rs 650-crore resolution plan submitted by Adani Ports & Special Economic Zone (APSEZ) for debt-ridden Dighi Port, located south of Mumbai. The resolution came with a huge 79.2 per cent haircut to the lenders, as they had made a claim of Rs 3,098 crore. The successful bid will give the Adanis access to Maharashtra, where it had no presence, even though the group straddles the entire coastline of the country with 11 operational ports and an under-construction transshipment terminal at Vizhinjam in southern Kerala. It can be noted that Dighi Port was the first port to go for a bankruptcy in April 2018. The 16-member committee of creditors (CoC) led by Bank of India, which collectively have 99.68 per cent voting shares, has approved APSEZ's revised offer of an upfront cash payout of Rs 650 crore, the National Company Law Tribunal (NCLT) said in an order dated March 5. Dighi Port, promoted by industrialist Vijay Kalantri owes Rs 3,098 crore to the lenders. He had

NCLAT grants 3 weeks to Dighi Port promoters to settle creditors' claims

The appellate tribunal has directed to list the matter for next hearing on August 21

Road to insolvency resolution: KKR, Blackstone, Aion Capital eye Dighi Port

Overall, participation of PE firms in India's port sector has remained minimal

Posco, JNPT, Adani, JSW Infrastructure in race for debt-laden Dighi Port

The port is being developed by Balaji Infra Projects, under a 50-year concession agreement from the state's maritime board

German firm mulls buyout of Dighi Port

Debt-laden port could get into insolvency list, but promoters say talks are on with investors