Adani Ports plans to invest ₹10,000 cr in developing Dighi
February 16, 2021
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Dighi marked the first instance of a port being hauled to the National Company Law Tribunal (NCLT)
Adani Ports and Special Economic Zone Ltd (APSEZ) has completed the acquisition of debt-laden Dighi port for ₹650 crore under the bankruptcy law.
The acquisition has received all regulatory approvals, multiple sources said.
The resolution plan submitted by APSEZ also include settlement of unpaid dues of ₹11.38 crore to the Maharashtra Maritime Board (MMB), the Maharashtra government agency tasked with developing and regulating ports in the western State.
With the acquisition of Dighi port, APSEZ has expanded its presence to eight of the nine Indian coastal states. The only coastal state where it does not have a presence is West Bengal.