APSEZ gets green light for Mundra expansion
Adani Ports & Special Economic Zone (APSEZ) has been given the go-ahead to significantly expand its Mundra port.
Central government has granted the key environmental and coastal regulation approval meaning APSEZ can now push ahead with plans to invest Rs 45,000 crore to more than double the port’s capacity to 514 million tonnes.
Located in Gujarat, Mundra Port is India’s largest container port by volume, moving 179.6 million tonnes of cargo in 2024. This accounts for 44% of container traffic and more than 27% of the overall cargo in India.
The planned expansion to 3,335 ha will accommodate multi-purpose, liquid, gas, and cryogenic cargo, and allowing the port to 200 million tonnes in cargo handling in financial year 2025, a first for an Indian port.
The clearance comes after the Ministry of Environment’s Expert Appraisal Committee reviewed APSEZ’s submission on 15 May 2024. The ministry’s final clearance will most likely be a formality, sources claim.
The port is a key component of APSEZ’s goal of reaching 500 million tonnes of cargo volume by 2025, supported by the recent acquisition of Gopalpur Port and the planned commissioning of Vizhinjam Port and West Coast Terminal.
APSEZ suffered a blow to these ambitions with the closure of Gangavaram, resulting in a cargo volume loss of around 6 million tonnes in April and May 2024.
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