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Gangavaram Port Ltd. has taken a loan of Rs. 11.70 billion from a consortium of 13 banks, including the State Bank of India, to fund the Phase I development. Adani Ports announced on 3 March 2021 that it had acquired a 31.5% stake in Gangavaram Port from Windy Lakeside Investment, an affiliate of Warburg Pincus, for ₹ 1,954 crore (US$230 ...
The whole village was vacated and construction of the port began in December 2005, and commercial operations commenced in August 2008. The port was formally inaugurated in July 2009, by the then Chief Minister of Andhra Pradesh, Y S Rajasekhara Reddy. The port is called Gangavaram Port which was named after the beach. Fishermen in the villages ...
Port of Visakhapatnam commissioned 10 MW Solar Power project at a cost of Rs. 60 crores with a power generation of about 178 lakh units per annum and connected to the grid. Port also installed 190 KW Solar Power Plants utilizing the roof top spaces at a cost of Rs. 1.28 crores. The two Plants are also generating 800 units per day.
Adani Ports and Special Economic Zone Limited (APSEZ) is an Indian multinational port operator and logistics company, part of Adani Group. [9] [10] APSEZ is India's largest private port operator with a network of 12 ports and terminals, including India's first port-based SEZ at Mundra and the first deep water transshipment port at Thiruvananthapuram.
INS Varsha would de-congest the Visakhapatnam Port, which is used by both the Navy and the civilian Ministry of Shipping.The navy's dockyards at Vizag are facing shortage of berthing space due to the rapid expansion of the Eastern fleet, which grew from 15 major warships in 2006 to 46 in 2012, and is still expanding.
Visakhapatnam port handled 68.04 million tonnes of cargo in 2010–11, which was the second highest in India after Kandla. Visakhapatnam port is being upgraded to handle ships up to 200,000 DWT. [4] [5] Gangavaram Port came up in 2008 and is claimed to be deepest port in India, which can handle ships up to 200,000 DWT. [6]
The CPSU subsequently completed its capacity expansion to 6.3 MTPA in April 2015 and to 7.3 MTPA in December 2017. The PSU is having one subsidiary , viz. Eastern Investment Limited (EIL) with 51% shareholding, which in turn is having two subsidiaries , viz. M/s Orissa Mineral Development Company Ltd (OMDC) and M/s Bisra Stone Lime Company Ltd ...
According to Constitution of India, maritime transport is to be administered by both the Central and the State governments. While the central government's shipping ministry administers the major ports, the minor and intermediate ports are administered by the relevant departments or ministries in the nine coastal states of Andhra Pradesh, Goa, Gujarat, Karnataka, Kerala, Maharashtra, Odisha ...