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Adani Ports Secures LoI To Develop Bulk Terminal At Kandla Port SEZ News(RTTNews.com) - India's largest multi-port developer and part of Adani Group firm Adani Ports and Special Economic Zone Ltd. said it had obtained the Letter of Intent of LoI from the Kandla Port Trust, a Government of India body, to set up a dry bulk terminal at the Kandla Port on build, operate and transfer basis. The dry bulk terminal will off Tekra near Tuna outside Kandla Creek at the Kandla port, which is India's number one port by volumes. The construction of the new bulk terminal will begin after signing of the concession agreement with the Kandla Port Trust. Wholetime Director Rajeeva Sinha said, "The Kandla Port's strategic location will be an important factor in attracting cargo from the north-west hinterland and will assist Adani Ports to cross cargo handling volumes of 200 million tonnes by 2020. Adani Ports is now the only private port infrastructure company to operate and construct ports and terminals across six locations in India - Mundra, Dahej and Hazira in Gujarat, Marmugoa in Goa and Visakhapatnam, where is ha recently begun construction of a coal import terminal. The Mundra port is the fourth largest commercial and top most private port in India. At the BSE, Adani Ports and Special Economic Zone shares are currently trading at Rs.142, down by 0.28 percent from the previous close. |
