Posted on June 24, 2024
Vadhavan Port, located in Maharashtra, India, is a large planned deep-sea port with an estimated annual capacity of 254 million tons. The port, which is predicted to cost $10 billion, intends to improve India’s marine infrastructure and manage large cargo volumes, improving the country’s commerce and logistics sectors.
Ministry of Ports, Shipping and Waterways has approved a capex of Rs 76,200 crore for the development of an all-weather deep-water port at Vadhavan, Maharashtra. The project will create a cumulative capacity of 298 million metric tons (MMT) per annum which includes around 23.2 million TEUs (Twenty-foot equivalents) of container handling capacity, as per the Press Information Bureau.
Moreover, the Port will include nine container terminals, each 1000 meters long, four multipurpose berths (including the coastline berth), four liquid cargo berths, a Ro-Ro dock, and a Coast Guard berth. The project entails the reclamation of 1,448 hectares of seabed and the building of 10.14 kilometers of offshore breakwater and container/cargo storage facilities.
Furthermore, Vadhavan will be constructed by a joint venture in which Jawaharlal Nehru Port Authority (JNPA) will have a 74 percent stake and Maharashtra Maritime Board will hold 26 percent.
The project, which is linked with the objectives of the PM Gati Shakti program, would increase economic activity while also providing direct and indirect job possibilities for around 12 lakh people, therefore contributing to the local economy.
Here are the stocks that can benefit from Rs 76,200 crore capex to develop Vadhavan Port.
Adani Ports And Special Economic Zone Ltd.
Adani Ports and Special Economic Zone Limited is an India-based integrated port and logistics firm. The company’s segments include port and special economic zone (SEZ) activities, as well as Others.
APSEZ is India’s largest commercial port operator, handling over 25% of the total cargo traffic through its 13 ports. It provides comprehensive port infrastructure services, and logistical solutions, and has established a large-scale special economic zone.
Dredging Corporation of India Limited
Dredging Corporation of India Limited (DCI) provides the following services: capital dredging, maintenance dredging, beach nourishment, land reclamation, shallow water dredging, project management consultation, and maritime construction.
DCI is a renowned dredging firm in India, offering a wide variety of dredging services to major ports and marine enterprises. It has a robust fleet and equipment, an excellent track record for performance, and a dedication to innovation and sustainability.
JSW Infrastructure Ltd
JSW Infrastructure Limited is a firm located in India that specializes in the construction, operation, and maintenance of port services, as well as port-related infrastructure development operations.
The corporation runs and administers numerous important ports in India, processing more than 170 million tons of cargo every year. Their facilities include Jaigarh Port (65 MTPA), Dharamtar Port (34 MTPA), and the Paradip Iron Ore Terminal (18 MTPA). They specialize in bulk freight, container handling, and port-related services, making important contributions to India’s marine logistics.
Gujarat Pipavav Port Ltd
Gujarat Pipavav Port Limited operates through the Port Services sector, which principally provides maritime services, berth hire, wharfage, container handling, yard operations, stevedoring, and related activities in India.
The company operates the Port of Pipavav, a key maritime facility in Gujarat. The port handles a diverse range of cargo, including containers, bulk, and liquid cargo. It has an annual capacity of 1.35 million TEUs (twenty-foot equivalent units) for container cargo and 5 million tons for bulk cargo.
