With the dismissal of the petition, the company would be able to go ahead with the planned construction activity.
The company is engaged in developing, operating and maintaining the Mundra Port. It had received the approval of the Government of India for developing a multi-product SEZ at Mundra and surrounding areas, spread over 2,658.2 hectares (about 6,568 acres).
The company reported a 12 per cent rise in net profit at Rs 210 crore (Rs 187 crore) in FY2007-08 on the back of a 41 per cent jump in operating income at Rs 817 crore (Rs 581 crore).
