Mundra Port and Special Economic Zone, a subsidiary of Adani Enterprises, has won a bid to develop a coal import terminal at Visakhapatnam.
Mundra Port and Special Economic Zone (MPSEZ) has been selected by the Visakhapatnam Port Trust to develop a coal import terminal, Adani Enterprises said in a statement today.
The company plans to build and commission the terminal within 24 months, it said.
The selection was through a competitive bidding process to design, build, finance, operate and transfer Berth East Quay-1. The terminal will be designed to handle an imported coal volume of about 6.5 million tonnes per annum.
Visakhapatnam port is strategic for coal imports to feed the local industries and power plants located in Andhra Pradesh, Odisha, Chhattisgarh and eastern Maharashtra. The port has a strategic importance and is in line with the long-term business plans of Adani Group, it said.
“The contract to set up the berth on the Visakhapatnam port marks our entry in the east coast. This is in line with our objective of having pan India presence,” the Adani Group Chairman, Mr Gautam Adani, said.