Adani Ports and Special Economic Zone Ltd (APSEZ), an arm of diversified conglomerate Adani Group on Tuesday announced commissioning of its 20-million tonnes per annum (MTPA) bulk terminal at Tuna Tekra, Kandla Port in Kutch.
The terminal was developed by Adani Kandla Bulk Terminal Pvt. Ltd (AKBTPL), a special purpose vehicle made by a consortium led by APSEZ after winning the contract in June 2012.
"The terminal was completed within the stipulated time frame. The dry bulk cargo handling terminal facilities includes a T-shaped jetty with four bulk berths, a vessel handling capacity of 1,00,000 DWT with (-) 16.2 m CD dredged depth and a capacity of 20 MMTPA," the company statement said.
Nitin Gadkari, Union Minister for Shipping, Road Transport and Highways inaugurated the terminal after the berthing of the project’s first vessel MV Sheng Ming earlier on Tuesday.
“We expect the terminal to be a game-changer for Export Import trade of the Northwest hinterland of India, thanks to its strategic location. Add to it Adani Group’s infrastructural prowess, speed of execution and operational efficiencies,” said Karan Adani, Executive Director, APSEZ.
The project is expected to benefit the states of Gujarat, Rajasthan, Haryana, Punjab and Madhya Pradesh among others. It is connected to the National Highway grid through NH-8A coming from Ahmedabad via Wankaner, Morbi and terminates at the Kandla Port.
APSEZ shares ended sharp up with over 6 per cent gain at Rs 318.70 against previous close on the Bombay Stock Exchange.