The Directorate of Revenue Intelligence (DRI) has seized 56kg of cocaine, estimated to be worth around Rs 500 crore, from a container near the Mundra port in Gujarat’s Kutch district, an official said on Thursday.

While DRI officials did not disclose the value of the seized contraband, it could be close to Rs 500 crore as 1kg of cocaine is known to fetch around Rs 10 crore in international markets.

Based on specific inputs, a team of DRI officials searched the container which arrived at the Mundra port some time ago from a foreign country and has since then been kept at the Container Freight Station nearby, the official said.

The DRI team found 56kg of cocaine, a highly addictive drug, hidden inside imported items, he said, without providing more details.

The drug seizure comes a month after the DRI recovered 260kg of heroin worth Rs 1,300 crore following a raid at a container station near the Kandla port in Kutch.

The contraband was found to have come in one of 17 containers, which had arrived at the Kandla port from Iran between September and October 2021.

Days later, the Gujarat ATS and the DRI recovered nearly 90kg of heroin worth Rs 450 crore from a shipping container that had arrived from Iran at the Pipavav port in Amreli district.

In September 2021, the DRI, in the single largest heroin haul in India to date, seized around 3,000kg of the drug, believed to have originated in Afghanistan and worth about Rs 21,000 crore in global markets, from two containers at the Mundra port.