Adani to invest Rs.10,000 crore on Orissa port
By IANSThursday, February 18, 2010
BHUBANESWAR - The Ahmedabad based Adani Group has shown interest in setting up a port in Orissa with an investment of Rs.10,000 crore, an official said.
Adani Group officials met Chief Minister Naveen Patnaik Thursday with the proposal.
“The Adani Group has given this proposal to set up a port. The state government is examining the proposal,” said Satyabrat Sahu, transport and commerce secretary of Orissa.
Once the proposed port comes up it would be named the Adani-Kalinga Port. According to officials, the group plans to develop the port in two phases near Paradip in Jagatsinghpur district, three km from the proposed Posco India port.
The group plans to invest Rs.5,000 crore in each of the two phases.
According to the group, the proposed port would have 12 berths and would be completed by 2015-16.
The proposed all weather port will have a capacity of 100 million tonnes.
