Adani Gangavaram Port splashes $720 million in cargo handling equipment

Adani Gangavaram Port inducts new cargo handling equipment

Adani Gangavaram Port has announced the enhancement of infrastructure facilities at the premises by inducting new cargo handling equipment.

The equipment includes two new Grabs with a capacity of 46 cubic metres each and two new Cargo Hoppers with a capacity of 60 metric tonnes each.

With a capital outlay of INR6 crores ($720,573) the new equipment will reportedly augment the port’s capability to handle cargo with efficiency and result in shorter turnaround time.

READ: Adani gets go-ahead for Gangavaram port buyout

Adani Gangavaram Port Limited (AGPL) has already inducted new railway locomotives, warehousing, road and railway infrastructure with investments of INR45 crores ($5.4 million) in this financial year. 

The railway facilities will allow direct handling of the entire rake at the warehouse and storage without any inter-carting.

Additionally, AGPL is currently investing in an integrated warehouse intended to provide handling and storage facilities for agri and fertilizer cargoes at an estimated investment of over INR275 crores ($33 million), which is all likely to be operational in 2024.

READ: Adani quarterly profits grow by 42 per cent

According to AGPL management: “Adani Gangavaram Port is committed to deliver best-in-class services through the best infrastructure. With this investment we are confident of providing the best facilities and services to our customers.

“We at Adani Gangavaram Port offer substantial economic benefits to Indian importers combined with highly efficient port operations and evacuation system with faster turnaround time and delivery. We are happy to see the trade derive benefits of modern deep-water infrastructure.”

In September 2023, Adani Global Pte Ltd, a fully owned subsidiary of Adani Enterprises Ltd, launched a 50:50 joint venture with Kowa Holdings Asia Pte Ltd for the selling and marketing of green ammonia, green hydrogen, and its derivatives.

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