APSEZ expands dry bulk berth development at Paradip port

APSEZ has emerged as the highest bidder and received the Letter of Award for the development and operation of two dry bulk berths at Paradip Port in Odisha, adding 18 million metric tonnes of new capacity and bringing APSEZ’s total portfolio to 671 MMTPA. The concession advances the company’s target of reaching 1 billion tonnes of annual cargo throughput by 2030. Under a 30-year Public-Private Partnership concession, APSEZ will develop the CQ-I and CQ-II berths with state-of-the-art mechanised cargo handling systems, deep-draft berths and large-scale storage infrastructure. The terminal will handle rising volumes of coal, limestone and other dry bulk commodities, expanding APSEZ’s reach across core industrial and manufacturing clusters in eastern and central India. Paradip is India’s second-largest major port and a vital bulk cargo gateway, located in a mineral-rich hinterland amid major steel plants.