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Green Light For Adani's Rs 45,000 Crore Mundra Port Expansion
The Business Guardian
|June 18, 2024
Adani Ports & Special Economic Zone Ltd (APSEZ) has secured environmental and coastal regulation zone clearance from the central government to significantly expand the capacity of Mundra port at an estimated cost of Rs 45,000 crore, as reported by the Economic Times.
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This approval will enable the company to nearly double its capacity to 514 million tonnes.
The clearance is expected to strengthen APSEZ's position in negotiating an extension of the concession period for the Mundra port with the Gujarat government, which is set to expire in 2031 after a 30-year term. APSEZ had applied to the Expert Appraisal Committee (EAC) of the Ministry of Environment, Forest, and Climate Change to increase Mundra's capacity by 289 million tonnes, covering an expansion area of 3,335 hectares. The EAC has recommended the expansion, and the final approval from the ministry is anticipated to be a mere formality.
यह कहानी The Business Guardian के June 18, 2024 संस्करण से ली गई है।
हजारों चुनिंदा प्रीमियम कहानियों और 10,000 से अधिक पत्रिकाओं और समाचार पत्रों तक पहुंचने के लिए मैगज़्टर गोल्ड की सदस्यता लें।
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