Adani to set up bulk terminal in Kandla Port

02 July 2012
AHMEDABAD(Commodity Online): Adani Kandla Bulk Terminal Pvt. Ltd, a subsidiary of Adani Ports and Special Economic Zone(APSEZ) which is a global infrastructure player and private multi port operator, has signed a concession agreement with the Kandla Port Trust , in order to set up a dry bulk terminal at the Kandla Port on build, operate and transfer basis, thus emerging as the only private sector port operator with presence across six ports in India.

The project will have a capacity of over 20 million tonnes a year and will be built at the cost of about Rs 1,200 crores approximately and be commissioned within a period of 24 months.

Rajeeva Sinha, Wholetime Director at APSEZ, commented,”This is a testimony of the Government of India’s trust and confidence in Adani and its execution and operating skills to set up world class port infrastructure. This modern and mechanized cargo bulk terminal will act as a game changer for exim trade of the north-west hinterland and contribute to Adani’s goal of reaching 200 million tonnes of cargo handling by 2020.”

“This facility will reduce cargo handling cost at Kandla Port due to increased productivity and proximity to cargo generating centres.” Sinha added.

The dry bulk terminal will be located off Tekra near Tuna outside Kandla Creek at the Kandla Port, India’s number one port by volumes. The terminal, will handle cargo like coal, fertilizer, salt, minerals and other agri-products.

APSEZ spearheads Adani’s logistics business which includes setting up world class port infrastructure, special economic zones and multi-modal logistics such as railways. It is now the only private port infrastructure company to operate and construct ports and terminals across six locations in India – Mundra, Dahej, Hazira and Kandla in Gujarat, Mormugao in Goa and Visakhapatnam, added the press release.