Mundra Port and Special Economic Zone, subsidiary of Adani Enterprises, has won a bid to develop a coal import terminal at Visakhapatnam.
Mundra Port and Special Economic Zone (MPSEZ) has been selected by the Visakhapatnam Port Trust to develop coal import terminal, Adani Enterprises today said in a statement.
The company plans to build and commission the terminal within 24 months, it said.
This selection was through a competitive bidding process to design, build, finance, operate and transfer Berth East Quay-1, it added.
The Berth East Quay-1 will be designed to handle imported coal volume of approximately 6.5 million tonnes per annum.
The Visakhapatnam port is strategic for coal imports to feed the local industries and power plants located in the States of Andhra Pradesh, Odisha, Chhattisgarh and eastern Maharashtra. This port has strategic importance and is in line with long term business plans of Adani Group, it said.
“The contract to set up the Berth on the Visakhapatnam port marks our entry on the east coast. This is in line with our objective of having pan India presence,” Adani Group Chairman Gautam Adani said.
