Adani group eyes Port in India’s East Coast

The Adani Group has showed interest in various businesses. Their flagship company is Adani Enterprises Limited. Mr. Gautam Adani is the Founder and the Chairman. Mr. Rajesh Adani is the Managing Director. The group also runs one of India’s largest ports, at Mundra in western India under the company, Adani Ports & Special Economic Zone. The firm is also developing ports in Dahej, Hazira, Goa and Visakhapatnam.

Mr. Gautam Adani, ranked India’s 16th richest man by the Forbes magazine, recently said that the group has bid for developing a container terminal at a state-run port in the southern Indian city of Chennai, a project which if it wins would involve an investment of around $1 billion. While Mr. Gautam Adani is the Chairman & Managing Director, Mr. Rajesh Adani is the Director at APSEZ.

The company has plan for its Australian projects. In this regards, Mr. Gautam Adani had mentioned the group would invest $4.5 billion in the first phase of developing the Carmichael coal mine in Queensland. It plans to begin investing at Carmichael by July or August, and aims to start coal shipments by December, 2015.

Mr. Rajesh Adani is in charge of the operations of the Group and has been responsible for developing its business relationships.

About swapnil jukunte

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