ADANI PORTS and Special Economic Zone, signed concession agreement with Kandla Port Trust (KPT) on Monday to build a dry bulk cargo terminal with an investment of Rs 1,200 crore. The terminal will be the largest terminal on western coast and will have capacity to handle 20 million cargo per annum.
With a terminal at KPT, Adani will be the only private firm having presence in six operational ports in the country. The new facility will mainly be utilised for transportation of coal and iron ore, salt and fertilizers from Kandla, which is the largest port among the central government owned major ports in the country.
“The terminal would be ready in the next 24 months... sometime in 2014,” said Rajeeva Sinha, whole-time director, APSEZ.