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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 ...
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.
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.
[4] [5] The customers who have paid for properties in the developed project are in jeopardy due to the unclear land title. [6] On the back of the controversial Boulder Hills deal with EMAAR-MGF, several other APIIC projects, including the Raheja Mindspace IT park , that were approved in the period between 2003 and 2009 are being questioned.
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.