Adani Logistics acquires inland container depot Tumb

Tuesday saw the announcement by Adani Logistics, a fully-owned division of Adani Ports and Special Economic Zone Ltd (APSEZ), that it had paid Rs 835 crore to Navkar Corporation to acquire the inland container depot (ICD) Tumb. One of the biggest inland container facilities, ICD Tumb has a 0.5 million TEU capacity. Strategically situated between the ports of Hazira and Nhava Sheva lies the ICD. 
 
The transaction is anticipated to close in the second quarter of FY23 and is subject to regular regulatory and lender clearances. 
 
In keeping with its plan to develop an integrated transportation utility and pan-Indian logistics, the Adani group purchased the ICD.

Adani Logistics Ltd

The corporation also stated that the 129 acres of property will contribute to the expansion path in the near future, which will improve capacity and freight. The business also stated, “The Tumb ICD has a private freight terminal with four rail handling lines connected with Western DFC and has custom notified land and bonded warehousing facilities.

The corporation also stated that the 129 acres of property will contribute to the expansion path in the near future, which will improve capacity and freight. The business also stated, “The Tumb ICD has a private freight terminal with four rail handling lines connected with Western DFC and has custom notified land and bonded warehousing facilities.

Given the strategic location of one of the largest ICDs in the nation and its access to the designated freight corridor, according to Karan Adani, CEO and Whole-Time Director of APSEZ, the ICD will be able to “meaningfully serve the vast hinterland with access to two of the busiest ports on both sides, Hazira & Nhava Sheva.”