Gautam Adani’s Firm Secures $3.1 Billion Port Project in Eastern India

The port-to-power conglomerate plans to invest more than $3 billion to build a port in India's West Bengal state.

The Tajpur deep sea port will be developed by Adani Ports and Special Economic Zone. The total investment of the greenfield project will be over three billion dollars, of which 150 billion will go towards port development and the rest towards building related infrastructure.

The Haifa port project in Israel is one of the global contracts secured by India's largest private sector port operator. It shows the hunger for growth in the Adani conglomerate that has been entering new businesses and scaling up existing ones.

Gadot won a tender to buy Israel's Haifa port.

According to the statement, the local government expects to create over 100,000 jobs through this port, which is 105 miles from the state capital of Kolkata.

The Haldia port in West Bengal will be modernized under a pact signed last week.