Adani Ports & Special Economic Zone (APSEZ), on Monday 17 June announced that they have secured a key environmental and coastal regulation approval to increase the capacity of Mundra port for a total investment of Rs 45,000 crore. 

Since the Adani Group has made significant investments in both recent and future projects, Mundra has historically handled the highest cargo of any Indian port. APSEZ predicts that Mundra Port alone will handle more than 200 million metric tonnes (MMT) of cargo in FY25. 

Mundra Port continues to lead Adani’s India volumes by 44% at the end of FY24, slightly less than a year earlier.

In order to increase the port’s capacity, APSEZ had applied to the Expert Appraisal Committee (EAC) of the Ministry of Environment. “EAC, after examining the documents submitted by the project proponent (APSEZ) and detailed deliberations held on 15 May 2024, recommended the proposal for environment and CRZ clearance.” 

Mundra Ports is a crucial component of APSEZ’s expansion goals in India. Over 27% of all cargo in India and 44% of all container freight were handled by APSEZ in FY24.

APSEZ’s permanent director and CEO, Ashwani Gupta, stated as much in the company’s May 2024 financial announcement that “APSEZ is well poised to achieve 500 MMT of cargo volumes in 2025, aided by recently acquired Gopalpur Port, and the scheduled commissioning of Vizhinjam Port in the current year and WCT next year.”

In addition, the Adani Group plans to build Mundra, Gujarat, the world’s largest industrial base for renewable energy. This centre will produce almost all of the parts required in plants that produce green energy, including polysilicon, solar modules, ingots, cells, and even wind turbines.