Adani Ports To Build Terminal In Gujarat

<?xml version="1.0" encoding="UTF-8"?><root available-locales="en_US," default-locale="en_US"><static-content language-id="en_US"><![CDATA[<p>Adani Ports and Special Economic Zone Ltd said it would develop a dry bulk terminal at Kandla Port in Gujarat with an investment of about Rs 1200 crore.<br><br>The terminal, which will be developed by its unit Adani Kandla Bulk Terminal Pvt Ltd, will have a capacity of 20 million metric tonnes per annum (MMTPA) and will be constructed in 24 months, the company said in a statement.<br><br>Adani Group, of which Adani Ports and SEZ is a part, owns and operates three ports - Mundra and Dahej in India and Abbot Point in Australia and is also developing ports at Hazira, Mormugao, Visakhapatnam and Kandla in India and Dudgeon Point in Australia.<br><br>The group aims to increase its annual cargo handling capacity from 78 million metric tonnes (MT) in 2012 to 200 million MT by 2020, it said.<br><br><br>(Reuters)</p>