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The Ports’ Pasha expands into Tamil Nadu

Gautam Adani has been expanding his industrial empire at a frenetic pace. Like Dhirubai Ambani, his has been a classic story of thinking big and executing projects speedily. In our Vibrant Gujarat 2007 special issue, we had referred to Mundra Port benchmarking Singapore for its performance. What a phenomenal growth it has recorded since!

Adani Ports and Special Economic Zone is part of the $ 9.4 billion Adani Group with businesses spanning coal trading, coal mining, oil and gas exploration, ports, multi-modal logistics, power generation and transmission and gas distribution. Adani is India’s largest private port operator with presence across eight locations – Mundra, Tuna, Dahej and Hazira in Gujarat, Marmugao, Dhamra, Vizag and Ennore. The Mundra Port has capacity for 210 million tonnes which is proposed to be increased to 315 million tonnes. The consolidated cargo handled by Adani Ports registered an increase of 28 per cent to 144 million tonnes (113 million tonnes in 2013-14) with total income at Rs 6838 crore and consolidated PAT at Rs 2314 crore. The performance has indeed been spectacular.

Adanis are expanding their interests into Tamil Nadu. Last month, the company announced investment of Rs 1400 crore on 200 MW solar plant in Ramanathapuram. It plans to put up a total of 648 MW of solar power in the state. It is extending its investments in Tamil Nadu through the acquisition of the Ennore Container Terminal of  L&T at Kattupalli.

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