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Released April 28, 2022 | NEW DELHI
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Researched by Industrial Info Resources (Sugar Land, Texas)--Indian multinational conglomerate Adani Group (Ahmedabad, India) is planning to enter the Bengal Maritime Sector (the Haldia Dock Complex) of Syama Prasad Mukherjee Trust. The company has received a letter of consent to upgrade and mechanize the Berth of Haldia Dock Complex. This marks the entry of the country's largest private port operator in the West Bengal Maritime Sector.
With its first step in this direction, Adani plans to fully upgrade and mechanize Berth No. 2 with the latest technology, enhancing the facility's capacity of 3.744 million metric tons per annum. The project is expected to commence in the next two years. Subscribers to Industrial Info's Global Market Intelligence (GMI) Industrial Manufacturing Project Database can click here for a detailed project report.
This could mark Adani Group's foray into the port and shipping arena in West Bengal state and would further consolidate its dominance in the port sector. Adani Ports and Special Economic Zone Limited run the group's port business.
The company's website says it is the largest commercial port operator in India, accounting for nearly 25% of the country's cargo movement. It is active across 13 domestic ports in seven maritime states, including Gujarat, Maharashtra, Goa, Kerala, Andhra Pradesh, Tamil Nadu and Odisha. West Bengal will be added to the list when the berth upgrade project materializes.
The project will be a part of the National Infrastructure Pipeline, launched by the central government in the year 2019. The program outlines opportunities in at least nine infrastructure verticals, including roads and bridges, railways and ports, among others, which will be identified and developed in partnership with the private sector.
Shipping industry sources say the entry of Adani may change the dynamics of the cargo handling business at Haldia, which handles coal, iron ore and petroleum products more than any other cargo. Local players have so far controlled the majority of the trade with an iron fist, staving off challenges from pan-India businesses.
Adani's presence in Haldia would further consolidate its strength on India's east coast, where it already has a string of ports and terminals. It will also aid in Haldia's coal and trading business, according to shipping industry officials.
Industrial Info is tracking 38 Haldia port transportation projects, worth US$945 million. Subscribers to Industrial Info's Global Market Intelligence (GMI) Industrial Manufacturing Project Database can click here for a list of detailed project reports.
Besides Dhamra port in Odisha, which is the closest port to Haldia, Adani owns and operates Gangavaram and Krishnapatnam ports in Andhra Pradesh and Katupalli Port, located north of Chennai Tamil Nadu. Adani operates terminals at the government-run Ennore and Vizag ports, just as it plans to do at Haldia and Calcutta.
Adani has been steadily building its presence in Bengal, not only with port projects but also by putting up other projects as well for better growth and progress of the state as well as the country.
Industrial Info Resources (IIR) is the world's leading provider of market intelligence across the upstream, midstream and downstream energy markets and all other major industrial markets. IIR's Global Market Intelligence Platform (GMI) supports our end-users across their core businesses, and helps them connect trends across multiple markets with access to real, qualified and validated project opportunities. Follow IIR on: LinkedIn.
With its first step in this direction, Adani plans to fully upgrade and mechanize Berth No. 2 with the latest technology, enhancing the facility's capacity of 3.744 million metric tons per annum. The project is expected to commence in the next two years. Subscribers to Industrial Info's Global Market Intelligence (GMI) Industrial Manufacturing Project Database can click here for a detailed project report.
This could mark Adani Group's foray into the port and shipping arena in West Bengal state and would further consolidate its dominance in the port sector. Adani Ports and Special Economic Zone Limited run the group's port business.
The company's website says it is the largest commercial port operator in India, accounting for nearly 25% of the country's cargo movement. It is active across 13 domestic ports in seven maritime states, including Gujarat, Maharashtra, Goa, Kerala, Andhra Pradesh, Tamil Nadu and Odisha. West Bengal will be added to the list when the berth upgrade project materializes.
The project will be a part of the National Infrastructure Pipeline, launched by the central government in the year 2019. The program outlines opportunities in at least nine infrastructure verticals, including roads and bridges, railways and ports, among others, which will be identified and developed in partnership with the private sector.
Shipping industry sources say the entry of Adani may change the dynamics of the cargo handling business at Haldia, which handles coal, iron ore and petroleum products more than any other cargo. Local players have so far controlled the majority of the trade with an iron fist, staving off challenges from pan-India businesses.
Adani's presence in Haldia would further consolidate its strength on India's east coast, where it already has a string of ports and terminals. It will also aid in Haldia's coal and trading business, according to shipping industry officials.
Industrial Info is tracking 38 Haldia port transportation projects, worth US$945 million. Subscribers to Industrial Info's Global Market Intelligence (GMI) Industrial Manufacturing Project Database can click here for a list of detailed project reports.
Besides Dhamra port in Odisha, which is the closest port to Haldia, Adani owns and operates Gangavaram and Krishnapatnam ports in Andhra Pradesh and Katupalli Port, located north of Chennai Tamil Nadu. Adani operates terminals at the government-run Ennore and Vizag ports, just as it plans to do at Haldia and Calcutta.
Adani has been steadily building its presence in Bengal, not only with port projects but also by putting up other projects as well for better growth and progress of the state as well as the country.
Industrial Info Resources (IIR) is the world's leading provider of market intelligence across the upstream, midstream and downstream energy markets and all other major industrial markets. IIR's Global Market Intelligence Platform (GMI) supports our end-users across their core businesses, and helps them connect trends across multiple markets with access to real, qualified and validated project opportunities. Follow IIR on: LinkedIn.
