Adani Ports and SEZ is planning to commission a coal handling terminal of about 5 million tonne capacity at the Mormugao Port in Goa by this fiscal. The coal handling terminal project, won by the Adani group firm in 2009, is delayed by about 2 years as it was originally planned to be commissioned during 2011 to 12 itself. APSEZ has the permission to operate the coal handling berth till May 15th 2040, the company said in a prospectus for a recently completed fund raising exercise. It said that the company is plans to commence operations of a coal handling terminal with one berth at the Mormugao Port, where it plans to provide port services.
The Rs 1,000 crore fund raising was completed by the company early this month by placing about 2.5 per cent shares to institutional investors.
The Coal Handling Terminal project is part of expanding the capacity of the Mormugao Port in Goa on account of growing demand of coal in the region. During the last fiscal, coal and coke imports at the Mormugao Port increased by over 8 per cent at 7.79 million tonne though the Port had witnessed a steep decline of about 55 per cent in its overall cargo traffic at 17.69 million tonne.
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