Media Release Details
Adani Ports & SEZ completes Vizag terminal 8 months ahead of schedule
- Adani Ports has completed the Rs 400 crore coal terminal in Vizag Port
- This marks entry of Adani Ports on the east coast of India
- The 6.4 mt/yr coal import terminal got completed 8 months ahead of schedule
- Adani Ports has created infrastructure for handling cargo of up to 9 mt/yr at Vizag
- Coal to be supplied to power plants in AP, Odisha, Chhattisgarh and Maharashtra
- Adani Ports is India’s largest commercial and private port operator
Ahmedabad, Dec 18, 2013: Adani Ports & Special Economic Zone Ltd (APSEZ), India’s largest port developer and part of Adani Group, a global integrated player, today said it had completed the Rs 400 crore steam coal import terminal at Visakhapatnam port, eight months ahead of schedule marking an entry on the east coast of India.
The Adani Vizag Coal Terminal Pvt. Ltd., a subsidiary of APSEZ, had entered into a concession agreement with Vishakhapatnam Port Trust to set up a steam coal handling facility project with a capacity of 6.4 million tonnes a year in March 2011 with a completion deadline of August 2014.
“This is a proud moment for the Group for setting a record in completion of the Adani Vizag steam coal terminal project eight months ahead of schedule. The facilities created at the port can handle steam coal volumes of up to 9 million tonnes. The Visakhapatnam port is strategic for coal imports to feed the local industries and power plants of the states of Andhra Pradesh, Odisha, Chhattisgarh and Maharashtra. This development again reiterates Adani’s commitment for setting up world class port infrastructure in the country,” said Karan Adani, Executive Director, APSEZ.
APSEZ also operates ports in Mundra, Hazira and Dahej, in Gujarat and is setting up coal handling facilities in Mormugao in Goa and at Kandla in Gujarat.
About The Adani Group
The Adani Group is one of India’s leading business houses with revenue of over $8.7 billion.
Founded in 1988, Adani has grown to become a global integrated infrastructure player with businesses in key industry verticals - resources, logistics and energy. The integrated model is well adapted to the infrastructure challenges of the emerging economies.
We live and work in the communities where we operate and take our responsibilities to society seriously. The Group protects biodiversity in ecologically sensitive areas like Mundra and undertakes initiatives to reduce CO2 emissions. At Adani, we deliver benefits to our customers and customers’ customers.
Resources means obtaining coal from mines and trading; in future it will also include oil and gas production.
Adani is developing and operating mines in India, Indonesia and Australia as well as importing and trading coal from many other countries. Currently, we are one of the largest coal importers in India. We also have extensive interests in oil and gas exploration. Extractive capacity is scheduled to increase from 4 MMT of thermal coal in 2013 to 200 MMT per annum by 2020.
Logistics denotes a large network of ports, Special Economic Zone (SEZ) and multi-modal logistics - railways and ships.
Adani owns and operates three ports – Mundra, Dahej and Hazira in India. The Mundra Port, which is the largest port in India, benefits from deep draft, first-class infrastructure and SEZ status. Adani is also developing ports at Mormugao and Kandla in India.
Energy involves power generation & transmission and gas distribution.
Adani is the largest private thermal power producer in India. Our power generation capacity is expected to increase from current 7,300 MW to 9,280 MW by the end of FY14.
We are currently developing six power projects across Gujarat, Maharashtra, Rajasthan and Madhya Pradesh.