The Adani group is all set to expand their business in 2013. The New Year has given new opportunities for investment and expansion. It seems that Mr. Gautam Adani, the Chairman and Founder, and Mr. Rajesh Adani, the Managing Director, are clear about the goal for this year. The report states that the group aims to buy port in India’ east coast. Additionally, the group also plans to invest at Carmichael by mid 2013, and start coal shipments by end of 2015.
So, if the execution of this project goes as planned, the mine is expected to produce 45 million metric tons of raw coal a year in the first phase. The Adani group has acquired it in 2010. Also in 2011, the group bought the coal-handling terminal at Australia’s Abott Point port. Mr. Rajesh Adani brings his vast experience and confidence to help towards the growth of the company and its various businesses.
Mr. Gautam Adani also mentioned that the leading conglomerate has set its plans to invest $1.1 billion by 2015-16 with an intention to expand the port terminal’s capacity and another $1.25 billion to $2.5 billion in building a rail line between the mine and the port. Mr. Rajesh Adani has also ensured that his proactive, personalized approach to the business and competitive spirit helps the company to grow.