Adani Logistics acquires inland container depot in Gujarat
Adani Logistics signed a definitive agreement to acquire the inland container depot (ICD) “Tumb” (Vapi) from Navkar Corporation for an enterprise value of Rs 835 Cr (US$100m).
The hub, which has a capacity of 500,000 teu, is located 160 km from Hazira port and 230 km from Nhava Sheva port.
The associated 129 acres of land provides an additional expansion path to increase capacity and cargo in the near future as additional industrial corridors and logistic parks get added along these DFC routes.
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