Adani Agri Logistics Ltd., a wholly owned subsidiary of Adani Logistics Ltd., has secured an order from the Food Corp. of India to build silo complexes at four locations.
The company has received a letter of award following competitive bidding to build silo complexes at various locations across the country, it said in an exchange filing.
The company will build silo complexes at four locations–Kanpur, Gonda and Sandila in Uttar Pradesh and Katihar in Bihar.
It will create a total silo storage capacity of 3.5 lakh metric tonnes, taking the company's total capacity to 15.25 lakh MT across 24 locations in India.
Silo complexes are mechanised and automated units equipped with temperature and humidity controls, which are built to handle, store and preserve food grains.
The handling process, from procurement to transportation, is in bulk form catered through containerised movement.
These complexes will cut down the processing time for the farmers—from two to three days, to one to two hours, it said.
According to the filing, the project will be executed under the design, build, finance, operate and transfer mode.
It will include Hub silo complexes, which are silo complexes with container depots, as well as Spoke silo complexes, which are silo complexes without container depots.
Disclaimer: Adani Enterprises is in the process of acquiring a 49% stake in Quintillion Business Media Ltd., the owner of BQ Prime.
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