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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.
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 ...
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.
Visakhapatnam port inner harbour view. Although the need for building a port on the east coast to access Central Provinces was felt by the British in the 19th century, the proposal of Col. H.Cartwright Reid of British Admiralty for constructing a harbour at Visakhapatnam was approved by the Government only after the First World War.
Rashtriya Ispat Nigam Limited (RINL) is the government entity of Visakhapatnam Steel Plant (VSP), India's first shore-based integrated steel plant built with state-of-the-art technology. Visakhapatnam Steel Plant (VSP) is a 7.3 MTPA plant.