Adani to invest Rs 20,000cr in Gujarat ports in next 5 years

January 12, 2015 18:42

Billionaire Gautam Adani-led Adani Group today announced a Rs 20,000-crore investment for expanding the capacity of its Gujarat ports to 100 million tons per annum by 2020.

The investment is on the top of Rs 25,000-crore spending the Group had announced on the first day of Vibrant Gujarat Summit.

"We are going to continue our investments in port sector. We will invest another Rs 20,000 crore over the next 5 years to add another 100 million tons capacity in Gujarat," he said at the Summit today. Adani Ports & Special Economic Zone -- a part of the Adani Group -- is India's largest multi-port operator.

It operates six ports in the country including four in Gujarat -- Kandla, Mundra, Hazira and Dahej. The ports handled a total cargo of 112.8 million tons in 2014.

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