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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 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 ...
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]
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.
Another major port in Visakhapatnam is Gangavaram port which is considered as deep port. It can handle vessels up to 2,00,000 DWT. It can handle vessels up to 2,00,000 DWT. The Rashtriya Ispat Nigam Limited (RINL) which runs the Vizag Steel Plant had shifted base to this port, taking with it a large chunk of the coal and iron ore traffic.
Oct. 15—MOSES LAKE — Port of Moses Lake officials hope to go out to bid in early 2025 on a project to rebuild railway connections to port property. Commissioners approved the purchase of two ...
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]