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Adani Logistics acquires ICD Tumb in Vapi from Navkar Corporation

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Indian Transport & Logistics News
Adani Logistics acquires ICD Tumb in Vapi from Navkar Corporation


Adani Logistics (ALL), a wholly owned subsidiary of Adani Ports and Special Economic Zone (APSEZ), has signed a definitive agreement to acquire the ICD Tumb (Vapi) from Navkar Corporation for an enterprise value of ₹835 crore. 

The deal comprises the acquisition of the operational ICD with the capacity to handle 0.5 million TEUs. The associated 129 acres of land provide an additional expansion path to increase capacity and cargo in near future as additional industrial corridors and logistic parks get added along these DFC routes. The Tumb ICD has a private freight terminal with four rail handling lines connected with Western DFC and has custom notified land & bonded warehouse facilities.


"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, Hazira & Nhava Sheva" said Karan Adani, CEO and Whole Time Director of APSEZ. "In addition to cargo moving by rail being 5X greener than that moving by road, another prime benefit of the access to the DFC is the savings in average transit times that are expected to be 10 hours by rail versus 24 hours by road. This acquisition fits well with our transformation strategy towards becoming a transport utility as well as moving us closer to our objective of providing economical door-to-door services to our customers. We are confident to grow the volumes at the ICD at high double digits as we build out a sustainable world-class multi-modal supply chain solution for the nation".



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