Adani Ports eyes entry into Maharashtra, AP & Karnataka

Report says that the company has set a target of exceeding 200 MT of cargo handling by 2020 at an investment of Rs.9,000 crore.

Adani Ports is planning to complete its own ‘Sagarmala’ dream by having presence in the three key States of Maharashtra, Karnataka and Andhra Pradesh, according to reports.

Report says that the company has set a target of exceeding 200 MT of cargo handling by 2020 at an investment of Rs.9,000 crore, but it is likely to achieve it by 2018.

With this, the Adani Ports becomes the country’s largest ports operator in the private sector.

“We are also keen to have trans-shipment terminals in Southeast Asia, especially in Myanmar and Bangladesh, and also in East Africa, so that these facilities can serve the upcoming Vizhinjam facility,” Karan Adani, Executive Director of the APSEZ and son of group Chairman Gautam Adani reportedly said.

Adani Group operates nine ports which would have an installed capacity of 490 million tonnes (MT) by the next fiscal.