India, Sept. 10 -- Adani Ports and Special Economic Zone Limited (APSEZ) has emerged as the highest bidder and received the Letter of Award (LoA) for the development and operation of two dry bulk berths at Paradip Port in Odisha.

The project, which will add 18 million metric tonnes (MMT) of mechanised dry bulk capacity, will take APSEZ's total portfolio from 653 MMT to 671 MMT. The company said the addition will support its target of achieving 1 billion tonnes of cargo throughput by 2030.

Under the 30-year concession, the project will be developed under the Public-Private Partnership (PPP) model. APSEZ will develop the CQ-I and CQ-II berths with mechanised cargo handling systems, deep-draft berths and large-scale storage infrastructure....