Adani Ports and Special Economic Zone Ltd.

BSE: 532921 | NSE: ADANIPORTS
Large Cap | Port
1421.50
-8.15 (-0.57%)
< Home < Back

Adani Ports to strengthen its footprint in the East Coast

Date: 05-03-2014

After establishing a major presence in the West, Adani Ports and Special Economic Zone is strengthening its footprint in the East Coast. The company owns and operates three ports on the West Coast - Mundra, Dahej and Hazira - and is developing ports at Mormugao and Kandla.

In the East, it bagged a contract at Visakhapatnam port in 2011 to develop the EQ-1 berth and a part of the EQ-2 berth to handle steam coal (imported) in the inner harbour at a project cost of Rs 324 crore.

Recently, the company has inked a concession pact with the Kamarajar Port at Ennore to the North of Chennai to develop a container terminal at an estimated cost of Rs 1,270 crore.

Adani Ports and Special Economic Zone is the country's largest private multi-port operator and part of the Adani Group, a global integrated infrastructure player. The company reported 14.83% rise in its net profit at Rs 477.05 crore for third quarter ended December 31, 2013 as compared to Rs 415.43 crore for the same quarter in the previous year.