Adani's Dahej facility commences operation

Adani-Petronet joint venture port facility at Dahej commenced its operations with the berthing of a coal-ladden ship ‘MV Sesa Star Cosmos’ at the port last week.

Adani Petronet (Dahej) Port is the subsidiary of Mundra Port and Special Economic Zone (MPSEZ) in which Petronet LNG has a 24% stake. Petronet LNG is already operating an LNG terminal at Dahej.

Being set up at a cost of Rs 1,150 crore, the promoters have already invested almost half of it. It is the second operational port in Gujarat for MPSEZ and the only one which has become operational in the private port category in the last 4-5 years, according to the company.

Adani Enterprises, the flagship company of the group led by billionaire Gautam Adani, had posted an over three-fold jump in profits to Rs 407 crore for the first quarter of the current fiscal, mainly due to strong performance by its non-core businesses including the power segment.