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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 ...
View of Kakinada port from Beach. The state's ports handled 73 million tons of cargo in financial year 2015–16. [3] The state of Andhra Pradesh is the second maritime state (after Gujarat) in terms of cargo handled by Non-Major Ports and the third maritime state (after Gujarat and Maharashtra) in terms of overall cargo handled including Visakhapatnam port trust .
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 of Gangavaram and Dibbapalem, who were directly affected by the construction of the port, demanded construction of an alternative jetty ...
Gangavaram port view. Gangavaram Port, located in Visakhapatnam, Andhra Pradesh, is India's deepest port. Inaugurated in July 2009, it has a depth of 21m. It is managed by Gangavaram Port Ltd. The first client of the Gangavaram Port Ltd. is the Rashtriya Ispat Nigam Ltd., which runs the Vizag Steel Plant, and earlier used the Visakhapatnam Port.
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.
The Government has earmarked a 97-acre (390,000 m 2) site to the Andhra Pradesh Industrial Infrastructure Corporation (APIIC) for the proposed trade tower to be constructed at Manchirevula near Narsingi, in the business district.
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 port is connected to trunk railways directly through the railway yards to the Chennai-Howrah main lines of East Coast Railway. The port owns and operates a railway system with track length of about 186 km within port area. In 1971 the port owned 16 locomotives. [8] The entire port railway system is upgraded to the Railway standards.