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Sanjay Ahuja

1 hour ago · SEBI Registration INH000020439

ADANI PORT DOUBLES IT'S COLOMBO WEST TERMINAL CAPACITY

ADANIPORTS
has successfully completed the expansion of it's Colombo West International Terminal (CWIT) in Sri Lanka. This expansion doubled the terminal's capacity to 3.2 million TEUs following a USD 750 million investment. The terminal's automated systems and deep-water capability enhance it's competitive edge in global shipping. The capacity of the terminal has been increased from 1.6 million to 3.2 million TEUs, furthering its ambition to handle nearly 25 per cent of the Port of Colombo's targeted capacity of 13 million TEUs by 2028. The additional capacity will allow CWIT to berth three ultra-large container vessels at the same time, strengthening Colombo's position as a critical transshipment hub on the East-West trade route. This capacity expansion is expected to boost the company's revenue and profitability in the coming quarters.

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