Cargo volume handled by Mundra port stood at 24 million tonne (mn t) during April and June and this is more than the 23 mn t handled by Kandla port in the same period. With this, the Adani Ports and Special Economic Zone (APSEZ)-run port became the first private port to overtake the cargo volume of a major port in the coun
Tag: Mundra
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Board of APSEZ to meet on Aug 1
On August 01, 2013, the Board of Directors of Adani Ports and Special Economic Zone would meet to consider and adopt Unaudited Financial Results for the quarter ended June 30, 2013. Adani Ports & Special Economic Zone (APSEZ) is a part of IndiaÂ’s leading infrastructure conglomerate the Adani Group
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JV firm to operate new container terminal in Mundra port
The new container loading facility at Mundra port in Gujarat would be run by a joint venture (JV) between Mediterranean Shipping Co SA (MSC) and Adani International Container Terminal Pvt Ltd. Adani Ports and Special Economic Zone (APSEZ) formed the 100 percent subsidiary, Adani International Container Terminal Pvt Ltd, for developing the container terminal and associated facility at the south basin in Mund
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Villagers file PIL against APSEZ project
A public interest litigation (PIL) was filed in the Gujarat High Court alleging wide-spread commercial activities in the special economic zone (SEZ) of Adani Port and Special Economic Zone (APSEZ) in Mundra, Kutch. The PIL, filed by the people of Navinal village claims that the Adani Group firm was working on some construction projects in the area despite court's order of May 9, 2012, restricting any kind of construction or deve
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TAMP as market regulator
Minor ports have emerged as more attractive to private investors than the major ones, notably after the controversial TAMP revised tariff as PPP projects at major ports are marred by litigations, delays and disputes.
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Tata to add 1,600 MW
By adding two more units to its 4,000 MW Mundra ultra mega power project (UMPP) in Gujarat, Tata Power Company is to expand the project's capacity to 5,600 MW.
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APSEZ posts 44% rise in profit
During 2012-13, profit of Adani Ports and Special Economic Zone rose 44 percent to Rs 1,608 crore from Rs 1,117 crore in the previous year. The sharp rise in profit is attributed to the 29 percent rise in coal handling by the port, the company said in a press release. The country's largest private port operator, which operates two ports at Mundra and Dahej, both in Gujarat, witnessed 40 percent rise in revenue to Rs 3,841 crore from
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Haryana govt may explore legal option against CEA order
The order of the Central Electricity Regulatory Commission (CERC) allowing Adani Power to charge "compensatory" tariffs for electricity from its Mundra plant has not gone down well with Haryana government. The state government plans to take legal action against the CERC order as it feels that the order violates the p
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Hanjin Shipping India launches new service from Mundra
As part of its strategy to expand service offering to Indian traders, shipping firm Hanjin India decided to launch an additional service, jointly with Simatech and Evergreen, from Mundra Port to East Africa. The new service, which is intended to offer Indian customers a reliable, direct sailing to East Africa, will operate four 1,800 Twenty Foot Equivalent Unit (TEU) vess
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SC hears case on APSEZ
The Supreme Court is hearing a case on halting the operation of 12 companies at Adani Ports and Special Economic Zone (APSEZ) in Mundra, Gujarat. Some of the companies appealed the Gujarat High Court decision to halt their operation in the APSEZ on grounds that they have not secured environmental clear