APSEZ seeks environmental nod to boost Gangavaram port capacity

Adani Ports and Special Economic Zone (APSEZ) has applied for environmental approval to increase the cargo handling capacity of its recently obtained Gangavaram port in Andhra Pradesh by 20 mt a year to 60.95 mt from 40.95 mt. The capacity growth will be undertaken via modernisation or mechanisation of the existing nine berths within the sanctioned project area of 1,800 acre the port operator said in the application for environmental approval. In the first half of FY2022, Gangavaram port managed 16 mt of cargo with revenue of Rs.6.17 bn, EBITDA of Rs.4.19 crore and an EBITDA margin of 68 per cent.

Contact: Adani Ports and Special Economic Zone (APSEZ) 

Website: www.adaniports.com