Bhubaneswar, Sept. 10 -- Adani Ports and Special Economic Zone Ltd (APSEZ) has emerged as the highest bidder for the development and operation of two dry bulk cargo berths at Paradip Port in Odisha.

The company said it has received the Letter of Award for the project, which is expected to add 18 million metric tonnes per annum (MMTPA) to its cargo-handling capacity. With the addition, APSEZ's total capacity portfolio will increase to 671 MMTPA.

The development is also expected to strengthen the company's presence along India's east coast and support its target of handling one billion tonnes of cargo annually by 2030.

Under the 30-year public-private partnership concession, APSEZ will develop and operate the CQ-I and CQ-II berths at Par...