Adani Group invests Rs 4 trillion at Mundra Port

As per reports, the Adani Group is investing Rs 4 trillion in the ongoing and new projects at the Mundra Port in Gujarat’s Kachchh region. The investment involves an expansion of the port, including the construction of a new berth to handle copper ore and a copper smelter plant, a green hydrogen project and renewable energy in the coming six years. Presently, the Mundra Port handles over 155 million tonnes, which constitutes about 11 per cent of India’s maritime cargo. The port is also an export-import gateway for container traffic with 33 per cent of India’s container traffic flowing through the port across a dedicated freight corridor that offers the facility of double-stack containers from the northern hinterland to Mundra.
The Adani Ports and Special Economic Zone Limited (APSEZL) handled 37 million metric tonnes of total cargo in October 2023, an increase of 48 per cent year on year. Overall, the APSEZL handled 240 mmt of cargo during April to October 2023 period, 18 per cent year-on-year growth. The commodities – dry bulk, liquids, and containers recorded a double-digit growth year on year from April to October 2023.