Adani to invest Rs 6,000 crore in Mundra Port

Jan 13, 2017: Adani Ports and Special Economic Zone Limited (APSEZ) plans to invest Rs 6,000 crore for the development of Mundra Port. As part of the third phase of development, the upcoming capacity expansion of Mundra Port will lead to employment generation for around 600 people. To this effect, MoU was signed in the presence of Gujarat Deputy Chief Minister Nitin Patel at the ongoing Vibrant Gujarat Global Summit 2017 at Gandhinagar.

In addition, Essar Ports also plans to invest Rs 10,600 crore to develop port facilities along the Gujarat coast. A slew of MoUs were signed including West Cost Liquid Terminal, a SPV of Shapoorji Paloonji Group that intends to invest Rs 1,200 crore for development of LPG and Liquid Storage Terminal at the greenfield port location of Chhara.

Speaking at the Vibrant Gujarat Global Summit 2017, Adani Group Chairman Gautam Adani also announced an investment of Rs 16,700 crore in the next five years to expand capacity of its ports in Gujarat including Mundra, Dahej, Hazira and Tuna.