Adani group plans Rs10,000-crore investment in 100 MTPA port in Orissa
19 Feb 2010
Ahmedabad-based, diversified business conglomerate, the Adani Group, has evinced interest in setting up a 100 million tonne per annum port in Orissa at an investment of Rs10,000 crore.
According to official sources, the group intends to invest Rs5,000 crore in the first phase and an equivalent amount in the second phase. The proposed port would have 12 berths for handling coal, iron ore, liquid and contarinerised cargo.
The group also plans to develop an industrial zone in the port area and the development plans would also incorporate a road and railway network within the port.
The group's managing director, Rajesh S Adani met chief minister Naveen Patnaik at the Secretariat in Bhubneshwar today to discuss the project. Though the site of the port project has not yet to been finalised, according to sources, it was likely to be located in Jagatsinghpur district.
Chief executive officer (CEO) of the group Rajiv Sinha has, in the plans submitted to the state government, proposed that the port be named Adani-Kalinga Port.
According to the proposal, the group would help in infrastructure development in the area with plans to invest in power, edible oil refinery, and industrial estates.
Chief secretary T K Mishra, principal secretary to the chief minister Biju Patnaik, secretary in the commerce and transport department Satyabrata Sahu and senior officials attended the meeting.
