Adani to start Phase-1 of Dahej terminal by month-end

Adani Enterprises expects to commission the first phase of its new 20-million tonne bulk terminal at the Dahej port, which involved an investment of around Rs 600 crore, by the end of this month.

The terminal is being set up under a joint venture with Petronet LNG at a cost of Rs 1,150 crore.

"The port terminal at Dahej, Gujarat, is a joint venture between Adani Enterprises and Petronet LNG... (It) is expected to be commissioned by the end of this month. It is awaiting notification from the customs authorities," a person in-the- know of the development said.

The infrastructure sector-focused group is increasingly looking to acquire coal assets overseas to feed its power generation capacity.

"The port will be commercially used. We can bring our coal here as well," the source said.

The port terminal, being developed by Adani Petronet Port Pvt Ltd, will have a capacity of 20 million tonnes. Petronet is already operating an LNG import terminal at Dahej, along with a berth for ships.
    
Adani Enterprises, the flagship company of the group led by billionaire Gautam Adani, had yesterday posted an over three-fold jump in profit to Rs 407 crore for the first quarter of the current fiscal, mainly due to strong performance by its non-core businesses, like power and agro.
    
Earlier this month, Adani Enterprises -- the country's largest coal importing company -- had sealed a deal worth about $3 billion to buy the coal assets of Australia's Linc Energy to support its plan to expand power generation capacity to 20,000 MW by 2020.
    
Adani was recently awarded preferred proponent status for developing the Dudgeon point terminal in Macay, Queensland, Australia.
    
Its subsidiary, Adani Power, is working on 4,620-MW project in Mundra, Gujarat. It has also announced two other power projects in the state, at Hazira and Dahej.