Adani Ports and Special Economic Zone, one of the largest private multi-port operators, announced that the company, India's largest port developer and part of Adani Group, a global integrated player has commissioned a bulk terminal at Tuna Tekra, Kandla Port, with an annual handling capacity of over 20 million tons, further consolidating its leadership one position on the west coast of India.
Nitin Gadkari, the honourable minister for shipping, road transport and highways inaugurated the terminal after the berthing of the project's first vessel MV Sheng Ming earlier in the day.
''The Tuna Tekra terminal is yet another feather in the Adani cap. We expect the terminal to be a game-changer for Export Import trade of the Northwest hinterland of India, thanks to its strategic location. Add to it Adani Group’s infrastructural prowess, speed of execution and operational efficiencies,'' said Karan Adani, executive director, APSEZ.
''It is a proud moment for us at Adani as we commission the Tuna Tekra dry bulk terminal. The port facility is our fourth in Gujarat and fifth on the entire western coast. Its commissioning marks the further consolidation of our leadership in the port infrastructure sector in India. This new facility will play a crucial role in the Make In India campaign. We are now aiming to complete the container terminal project in Chennai in a record time frame,'' said Sudipta Bhattacharya, CEO, APSEZ.
Shares of the company gained Rs 11.1, or 3.7%, to trade at Rs 311.30. The total volume of shares traded was 145,275 at the BSE (11.43 a.m., Tuesday).