Adani Group: Gautam Adani Group company Adani Ports and Special Economic Zone Limited (APSEZ) has achieved great success. In fact, the company has received environment and coastal regulation sector approval from the central government to double the capacity of Mundra port at a cost of Rs 45,000 crore. Its objective is to expand Mundra Port. These approvals will allow the company to almost double its capacity to 514 million tonnes. Let us tell you that this port is already handling high volume of cargo. This means that there is high volume movement of goods through the port.
What are the details?
According to the report of Economic Times, Adani Ports and Special Economic Zone will get a boost from this expansion. In fact, talks are being held with the Gujarat government on extension of the concession period for Mundra Port. This extension period is for 30 years, which is scheduled to end in 2031. Let us inform that Adani Ports and Special Economic has applied to the Expert Appraisal Committee (EAC) of the Ministry of Environment, Forest and Climate Change to increase the capacity of Mundra from 289 million tonnes to 514 million tonnes as part of the expansion plan of 3,335 hectares. did. B. The EAC has recommended extension and the final approval from the Ministry is a mere formality.
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The port will create history!
Located in Kutch district of Gujarat, Mundra Port currently has the capacity and environmental clearance to handle 225 million tonnes of cargo annually. Let us tell you that as India’s largest commercial port and top container port by volume, Mundra handled 179.6 million tonnes of cargo including 7.4 million TEU in FY 24. It accounts for more than a quarter of all cargo volumes in India and more than a third of container cargo.
Adani Port has projected that Mundra will exceed 200 million tonnes in cargo handling for fiscal year 2025, making it the first port in India to reach the milestone. However, due to the closure of Gangavaram port, APSEZ suffered a loss of about 6 million metric tonnes (MMT) of cargo volume in April and May 2024.
