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GMR Infrastructure’s arm emerges successful bidder to develop commercial port

28 Jun 2018 Evaluate

GMR Infrastructure’s subsidiary -- Kakinada SEZ has made a successful bid to develop a green field commercial port through Swiss Challenge mode. The Greenfield Port would be located at 30 km North from the city of Kakinada and proposed to be developed as an all-weather, deep draft, multi-cargo Port.

The Port is located at one of strategic nodes of the Vizag Chennai Industrial Corridor and is expected to benefit from the associated corridor developments. Given the strategic location, the Port is expected to become the Gateway to the East Coast of India. Once operational, the Port will have initial capacity of 16 MnT.

GMR Infrastructure is engaged in generation of power, mining and exploration activities, development of highways, infrastructure development, such as development and maintenance of airports and special economic zone; construction business, including engineering, procurement and construction (EPC) contracting activities and operation of airports and special economic zones.

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