Gautam Adani-led Adani Ports and Special Economic Zone Ltd (APSEZ) intends to invest as much as Rs 57,594 crore to expand the capacity at its commercial port in Mundra (Gujarat), reports The Hindu BusinessLine (BL).
Mundra, which is India’s largest commercial port, currently has the approval to handle 225 million tonnes (mt) capacity. Seeking to cement its leadership position, APSEZ has applied for environment and coastal regulation zone (CRZ) clearances for raising the capacity of Mundra by another 385 million tons (mt).
The company has stated that it will undertake the expansion within the approved area of 5,170 hectares of waterfront development plan.
“Based on the future cargo projections and business requirement of the hinterland, it is proposed to develop the port with the flexibility to handle various cargoes. Type of berth and type of cargo is a commercial and business requirement,” the company added.
Not Just In Gujarat
APSEZ is India’s largest ports developer and operator company. Presently, Adani operates ten ports and terminals, which together represent 24% of the country’s port capacity.
It was also recently reported that Adani has plans to invest Rs 53,031 crore in expanding Kattupalli (Tamilnadu) port’s handling capacity from 24.65 tonnes to 320 million tonnes, an increase of almost 1200 per cent.
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