India’s Adani Group to invest $8.31bn to boost Mundra port capacity

3 May 2019 (Last Updated May 3rd, 2019 12:20)

Adani Ports and Special Economic Zone (APSEZ), which is part of Indian conglomerate Adani Group, has unveiled plans to invest around Rs575.94bn ($8.31bn) to further expand the Mundra port capacity.

India’s Adani Group to invest $8.31bn to boost Mundra port capacity
Adani Group revealed plans to spend $8.31bn to further increase the Mundra port’s capacity. Credit: Emperor Genius.

Adani Ports and Special Economic Zone (APSEZ), which is part of Indian conglomerate Adani Group, has unveiled plans to invest around Rs575.94bn ($8.31bn) to further expand the Mundra port capacity.

Located in the Indian state of Gujarat, Mundra is one of the largest commercial ports in India with an annual cargo handling capacity of approximately 225 metric tonnes (MT).

To further augment the capacity, APSEZ has filed an application for environment and coastal regulation zone (CRZ) clearances to raise the capacity of Mundra port by another 385MT, reported The Hindu Business Line.

As per the Mundra’s waterfront development plan (WFDP), the proposed expansion will include extending the quay length by another 14,470m.

The plan will also focus on developing back-up facilities for handling multi-purpose, liquid, gas and cryogenic cargo.

Eastern and western breakwater will also be extended by 500m each in the south port. The plan also involves the construction of a 5,000m-long breakwater on the eastern side of the west port.

The work will require dredging of approximately 350 million cubic metres of sand and other materials from the sea bed.

“It is proposed to develop the port with the flexibility to handle various cargoes.”

APSEZ will undertake the 5,170ha expansion within the approved area of the waterfront development plan.

APSEZ in a statement said: “Based on the future cargo projections and business requirement of the hinterland, it is proposed to develop the port with the flexibility to handle various cargoes.

“Type of berth and type of cargo is a commercial and business requirement. Hence, the expansion plan will be developed with those flexibilities to accommodate berths and storage facilities as multi-purpose.

“The expansion plan will consist of berths at various locations, material handling area, cargo storage area, operational and utility area, internal connectivity, drainage, greenbelt and various utilities, amenities and bunkering facilities.”

APSEZ manages nine ports and terminals on the eastern and western coasts of India. Together, these ports make up 24% of the country’s port capacity.