After Gujarat and Goa, the Adani Group's port development arm will now expand operations to the east coast of India where it will invest over Rs 300 crore on setting up a 6.5 million tonnes a year (mtpa) coal import terminal at Visakhapatnam port in Andhra Pradesh.
The Adani Group-promoted Mundra Port and Special Economic Zone Ltd (MPSEZL), India's largest private multi-port operator and a subsidiary of the flagship Adani Enterprises Ltd, leading infrastructure conglomerate, has won a bid to develop a coal import terminal at Visakhapatnam, marking the entry of MPSEZL on the eastern coast.
The company plans to build and commission the terminal within 24 months. The Visakhapatnam port is a strategic port for coal imports to feed the local industries and power plants located in Andhra Pradesh, Orissa, Chhattisgarh and eastern Maharashtra.
Company Name | CMP |
---|---|
Adani Enterprises | 3060.00 |
Redington | 210.50 |
Amrapali Industries | 15.15 |
Rashi Peripheral | 327.80 |
Compuage Infocom | 4.36 |
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