Adani Ports & Special Economic Zone Ltd. Adani House, Nr Mithakhali Circle, Navrangpura, Ahmedabad 380 009, Gujarat, India Adani Ports & SEZ and MSC Mediterranean Shipping form JV To operate a new container terminal in Mundra
- APSEZ and Swiss-based MSC Mediterranean Shipping Co form JV in Mundra
- The JV to operate the new container terminal in South Basin, Mundra Port
- The container terminal has a capacity of 1.5 million TEUs
- The new container terminal is the third such facility at the Mundra Port
Mundra, Gujarat, July 02, 2013: Adani Ports & SEZ Ltd, part of the Adani Group, a global integrated infrastructure player today said it had formed a joint venture with Switzerland-based MSC Mediterranean Shipping Company, the world’s leading shipping company to operate the “Adani International Container Terminal Private Ltd” (AICTPL), in South Basin, the third container terminal at Mundra port.
Mundra Port, India’s largest private port has set up this new container terminal which has a capacity of 1.5 Million TEUs, deploys the largest cranes, has deepest water depths & longest berths heralding a new innings in Indian Maritime history. The new terminal has state of the art technology and environmentally friendly footprint.
“Adani Ports has been at the forefront of creating modern Port Infrastructure, catering to the EXIM & Domestic needs for over 16 years. The new Container Terminal will enable the biggest and largest container vessels to seamlessly berth & operate at Mundra. With rapid access to North & West India hinterland, the Trade at large will benefit from scale benefits of larger vessels calling at Mundra, in addition to proximity to hinterland markets, providing a compelling cost advantage to port users. The new Container Terminal will be a regional hub with Trans-shipment of International cargo being performed,” said Mr Gautam Adani, Chairman Adani Group.
“These facilities, along with other terminals in Mundra & Hazira are poised to serve the nation’s sorely needed infrastructure shortages. Furthermore, Adani Ports will be expanding capacity to serve the nation’s port infrastructure needs, providing International standards of capability & cost efficiency”, Mr Adani added.
Mundra Port has excellent rail connectivity to North & West India ICDs and operates double stack container trains to ICD Patli & others ICDs in NCR zone
About The Adani Group
The Adani Group is one of India’s leading business houses with revenue of over $8.5 billion.
Founded in 1988, Adani has grown to become a global integrated infrastructure player with businesses in key industry verticals - resources, logistics and energy. The integrated model is well adapted to the infrastructure challenges of the emerging economies.
We live and work in the communities where we operate and take our responsibilities to society seriously. The Group protects biodiversity in ecologically sensitive areas like Mundra and undertakes initiatives to reduce CO2 emissions. At Adani, we deliver benefits to our customers and customers’ customers.
Resources means obtaining coal from mines and trading; in future it will also include oil and gas production.
Adani is developing and operating mines in India, Indonesia and Australia as well as importing and trading coal from many other countries. Currently, we are one of the largest coal importer in India. We also have extensive interests in oil and gas exploration. Extractive capacity is scheduled to increase from 4 MMT of thermal coal in 2013 to 200 MMT per annum by 2020.
Logistics denotes a large network of ports, Special Economic Zone (SEZ) and multi-modal logistics - railways and ships.
Adani owns and operates four ports – Mundra, Dahej and Hazira in India and Abbot Point in Australia. The Mundra Port, which is the largest private port in India, benefits from deep draft, first-class infrastructure and SEZ status.Adani is also developing ports at Mormugao, Visakhapatnam and Kandla in India.
Energy involves power generation & transmission and gas distribution.
Adani is the largest private thermal power producer in India. Our power generation capacity is expected to increase from current 7,300 MW MW 2013 to 9,280 MW by the end of 2013.
We are currently developing six power projects across Gujarat, Maharashtra, Rajasthan and Madhya Pradesh.
About MSC Mediterranean Shipping Company
MSC Mediterranean Shipping Company S. A., of Geneva, is a privately owned shipping line and presently the second largest Container Shipping Line in the world, As of end-April 2013, MSC was operating 458 container vessels with an intake capacity of 2,274,000 TEU's. MSC is the leading provider of direct port calls, serving the 6 continents and calling at 316 ports through 200 direct and combined weekly liner services.