Adani group: Will focus on completion of existing port projects

Having bagged multiple port projects, the Adani Group today said it will focus on execution over the next year. “Right now, we are focusing on finishing our existing projects. We are expanding at Dhamra, and want to complete the Ennore project.

Having bagged multiple port projects, the Adani Group today said it will focus on execution over the next year. “Right now, we are focusing on finishing our existing projects. We are expanding at Dhamra, and want to complete the Ennore project.

“Next one year, we will just focus on completing our expansion of the existing projects,” Adani Ports and Special Economic Zone Chief Executive Karan Adani told reporters here at the Maritime India Summit.

When asked if the company will be bidding for any of the new five major projects announced, Adani said, “Nothing on the cards.”

Vizhinjam transshipment project in Kerala is progressing as per the schedule, he said, and exuded confidence that the company will complete it within 1,000 days as promised.

He also welcomed the Sagarmala Project for integrated approach which he said has been lacking till now and added that the results will be visible in 18 months.

On the Chennai port, the Adani scion said, “We have an operators agreement with L&T at Chennai. That is what we are working on. Government approvals have come in for the demerger between the shipyard and the port. Once the demerger is over, we will discuss with L&T how to take it forward. There is no timeline.”

Within a short span, Adani Ports has become the largest private sector ports operator in the country with 10 ports/terminals.

It operates ports in Mundra, Dahej, Hazira, Dhamra and Kattupalli and terminals in Murmugao, Visakhapatnam and Tuna-Tekra. The Ennore Container Terminal and Vizinjham transshipment port are under construction.

Its overseas projects include Adani Abbot Point Terminal in Australia and Dudgeon Point Coal Terminal Project at Bunyu in Indonesia.

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