Adani Ports Receives Approval for ₹45,000 Crore Mundra Port Expansion: Report
Adani Ports & Special Economic Zone (APSEZ) has received a significant environmental and coastal regulation zone (CRZ) clearance for the expansion of Mundra Port. This development, which involves an investment of ₹45,000 crore, will more than double the port’s capacity, according to a report by the Economic Times.
Adani Ports & Special Economic Zone (APSEZ) has received a significant environmental and coastal regulation zone (CRZ) clearance for the expansion of Mundra Port. This development, which involves an investment of ₹45,000 crore, will more than double the port’s capacity, according to a report by the Economic Times.
APSEZ had applied to the Ministry of Environment’s Expert Appraisal Committee (EAC) seeking permission to enhance the port’s capacity. The EAC, after examining the documents submitted by APSEZ and holding detailed deliberations on May 15, 2024, recommended the proposal for environmental and CRZ clearance.
This expansion is a strategic move for APSEZ, which handled approximately 27% of India’s total cargo and 44% of container cargo in the fiscal year 2024 (FY24). The enhanced capacity at Mundra Port is expected to significantly boost APSEZ’s cargo handling capabilities.
Ashwani Gupta, the Whole-time Director & CEO of APSEZ, expressed optimism about the company’s growth trajectory. “APSEZ is well poised to achieve 500 MMT of cargo volumes in 2025, aided by the recently acquired Gopalpur Port and the scheduled commissioning of Vizhinjam Port in the current year and the WCT next year,” Gupta stated.
The expansion of Mundra Port is part of APSEZ’s broader strategy to strengthen its position as a leading player in India’s port and logistics sector. The approval from the EAC marks a critical step forward in this ambitious plan, enabling APSEZ to cater to the increasing demand for port infrastructure in India and further cement its role in the nation’s economic growth.
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