Mundra Port and Special Economic Zone (MPSEZ), top private multi-port operator, has secured a bid to develop a coal import terminal at Visakhapatnam. The terminal will be built at cost of over Rs 300 cr.
This marks the entry of MPSEZ on the eastern coast of the India.
This selection of bid was through a competitive process to design, build, finance, operate and transfer Berth East Quay-1.
The Berth East Quay-1 will be designed to handle imported coal volume of approximately 6.5 million metric tonnes per annum. The company plans to build and commission the terminal within 24 months.
The Visakhapatnam port is strategic port 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.
“Mundra Port remains committed towards setting up of world class port infrastructure and facilities in India. 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” said Gautam Adani, chairman of the Adani Group.
