New Delhi : The Adani Group is poised to commission a dry bulk terminal in Gujarat’s Kandla Port Trust. The Union Government has issued a letter of intent on the project to the Ahmedabad-based diversified business conglomerate, according to a senior shipping ministry official.
The bulk terminal project at Kandla is one of the 23 public private partnership projects that the shipping ministry had set out to award for the current financial year. With a capacity of 14.11 million tonnes per annum, the project is expected to be build at an investment of Rs 1,060 crore.
The Gautam Adani-led entity is also developing terminals at Hazira, Mormugao and Visakhapatnam, besides Abbot Point in Australia.
The company aims to handle 200 million tonnes of cargo by 2020. The Group established one of India’s largest private-sector ports and special economic zones at Mundra, and operates another port at Dahej also in Bharuch.
Adani Ports and SEZ handled 48.48 million metric tonnes in nine months of 2011-12, as against 37.62 mmt in nine months of 2010-11.
The company handled 16.60 million tonnes of cargo during the quarter, showing an increase of 34 per cent over same period last year.
