Adani Group: Gautam Adani Group company Adani Ports and Special Economic Zone Limited (APSEZ) has achieved great success. In fact, the company received Rs. The environment and coastal regulation sector has received approval from the central government to double the capacity of Mundra port at a cost of Rs 45,000 crore. It aims to expand Mundra Port. The approvals will allow the company to almost double its capacity to 514 million tonnes. Let us tell you that this port is already handling a large amount of cargo. This means that a greater volume of goods is moved through the port.
What are the details?
According to a report in Economic Times, this expansion will boost Adani Ports and Special Economic Zone. In fact, talks are underway with the Gujarat government to extend the concession period for Mundra Port. The extension period is for 30 years, scheduled to expire in 2031. Adani Ports and Special Economic has applied to the Expert Appraisal Committee (EAC) of the Ministry of Environment, Forest and Climate Change to increase Mundra’s capacity from 289 million tonnes to 514 million tonnes as part of the expansion plan. 3,335 hectares did. B. The EAC has recommended the extension and the final approval from the Ministry is only a formality.
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The port will create history!
Located in the Kutch district of Gujarat, Mundra Port currently has an annual cargo handling capacity of 225 million tonnes and environmental clearance. Let us tell you that as India’s largest commercial port and the top container port in terms of volume, Mundra handled 179.6 million tonnes of cargo including 7.4 million TEUs in FY24. It accounts for over a quarter of all cargo volume and over a third of container cargo in India.
Adani Port has projected that Mundra will cross 200 million tonnes in cargo handling by FY2025, becoming the first port in India to reach this milestone. However, due to closure of Gangavaram port, APSEZ suffered a cargo volume loss of around 6 million metric tonnes (MMT) in April and May 2024.