Adani Ports & Special Economic Zone, earlier known as Mundra Port & Special Economic Zone Ltd, changed its name with effect from January 06, 2012. Mr. Gautam Adani is the founder of the company and Mr. Rajesh Adani has been associated with the firm since the beginning. While earlier, the company had only one operational port at Mundra, today it also operates ports at Dahej and Hazira in India and at Abbot Point in Australia. The company is also developing port infrastructure at Mormugao, Visakhapatnam and Kandla in India, Dudgeon Point in Australia and Bunyu in Indonesia.
During the early days, the first phase of Mundra was expected to get completed with an investment of Rs. 1,900 crore in 2010. And, the second phase is expected to be completed in 2015 with a total investment of Rs. 4,500 crore. The key message by the media, investors and interested masses was how this will be financed. But, Mr. Gautam Adani and Mr. Rajesh Adani had planned everything effectively.
Adani’s are working on different financing mode. In all, Mundra has plans to readily accommodate 160,000 people in the first phase and in the second, it will have a full township of 750,000. Mr. Gautam Adani is the chairman of the group, and Mr. Rajesh Adani serves as the managing director.
