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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. [2] The Gangavaram Port Ltd. plans to build conveyors for taking imported raw materials directly to the Vizag Steel plant, in order to reduce the railway transportation costs.
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 ...
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 .
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 inauguration of the Gangavaram Port, located 15 km away from the Visakhapatnam Port, has led to a significant diversion of traffic away from Visakhapatnam. It has the capacity of accommodating ocean liners of 200,000–250,000 DWT. The Visakhapatnam Port Trust plans to develop a satellite port at Bheemunipatnam to reduce the traffic. [16]
DFC last year said it would provide $553 million in financing for the port terminal project, which is partly owned by the Adani Group. The company, however, said the Colombo West International ...
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. The Gangavaram Port Ltd. plans to build conveyors for taking imported raw materials directly to the Vizag Steel plant, in order to reduce the railway ...
Trump wants to boost fossil fuels and rein in renewables. But the green energy transition has grown too big and become too important for Trump to stop.
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