Adani Logistics (ALL), a wholly-owned subsidiary of Adani Ports and Special Economic Zone (APSEZ), has agreed to buy an inland container depot (ICD) in the Indian state of Gujarat.

The deal will see ALL take over ICD ‘Tumb’ (Vapi) from Navkar Corporation for an enterprise value of $105.1m (Rs8.35bn).

The operational ICD acquired under the definitive agreement has the capacity to handle 0.5 million twenty-foot equivalents (TEUs).

The agreement also includes a private freight terminal with four rail handling lines linked with a Western dedicated freight corridor (DFC), as well as custom-notified land and warehouse facilities.

The associated 129 acres of land will enable the company to improve capacity and cargo in the coming years by establishing additional industrial corridors and logistic parks along the DFC routes.

APSEZ whole-time director and CEO Karan Adani said: “Tumb is one of the largest ICDs in the country. Given its strategic positioning in the middle of one of the busiest industrial zones and access to the dedicated freight corridor allows it to meaningfully serve the vast hinterland with access to two of the busiest ports on both sides.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

“In addition to cargo moving by rail being five times greener than that moving by road, another prime benefit of the access to the DFC is the savings in average transit times that is expected to be ten hours by rail versus 24 hours by road.”

In April, APSEZ’s unit Adani Harbour Services reached an Rs15.3bn ($200m) deal to buy the Indian third-party marine services provider Ocean Sparkle (OSL).