Adani Group to expand SIL's Sanghipuram captive port capacity to handle large ships
The Hindu
Adani Group to expand Sanghipuram port capacity to 8,000 DWT. Ambuja Cements to acquire majority stake in Sanghi Industries Ltd. Adani Group to invest in deepening and expanding port capacity. Bulk terminals and grinding units to be created along western coast.
The Adani Group will make investments to expand the captive port capacity of Sanghipuram to handle vessel sizes of 8,000 DWT (deadweight tonnage), said Adani Ports and Special Economic Zones (APSEZ) CEO Karan Adani on August 3.
Adani Group firm Ambuja Cements on August 3 said it will acquire a majority stake in Sanghi Industries Ltd (SIL), one of the leading cement manufacturers from western India, at an enterprise value of ₹5,000 crore.
As per the deal, Ambuja Cements, a part of Adani Cement, which holds the cement business of port-to-power conglomerate Adani group, will acquire 56.74% shares of SIL from its existing promoter group— Ravi Sanghi & family.
Sanghi Cement has a manufacturing unit at Sanghipuram in Gujarat’s Kutch district, which is also connected with a captive jetty at Sanghipuram. It has a 6.6-MTPA (Million Tonnes per annum) capacity clinker plant and a 6.1-MTPA capacity cement Plant.
"We will also invest in deepening and expanding the captive port capacity in order to accommodate larger vessel sizes of 8000 DWT," said Karan Adani speaking after the acquisition of Sanghi Industries.
Bulk terminals and grinding units will be created along the western coast to enable the movement of clinker and cement through the sea route at the lowest possible cost.
"Our vision is to produce lowest cost clinker in the country at Sanhipuram and then transport this clinker as well as bulk cement through coastal roads to the markets of Saurashtra South Gujarat, Mumbai and Mumbai Metropolitan Region Karnataka and Kerala," he said, adding "Synergies with the assets of Adani ports will help us in implementation of this strategy." He further said that with the right implementation, he is very "confident" that Adani Group will be the lowest-cost supplier of cement in all of these markets.
Tamil Nadu commits to enhanced collaboration with the National Green Tribunal for effective environmental governance and protection initiatives.
On Ambedkar's death anniversary, CM Rekha Gupta highlights his enduring ideals of social harmony, equality, and justice.
The Banyan launches the Keshav Desiraju Lived Experience Repository in Chennai to preserve mental illness narratives across various formats.
MetLife Stadium will host the FIFA World Cup 2026 final on July 19, with 104 matches across North America.
Former IAS officer Pradeep Sharma sentenced to five years for money laundering, causing ₹1.20 crore loss to the government.
The Dr. Mrs. YGP Centenary Annual Festival of Music and Dance launched at PSBB, celebrating classical arts and education.
CMC hosts a torch rally with 125 volunteers in Vellore to celebrate 125 years of dedicated service.
Government Women's Polytechnic in Nellore faces urgent repairs, yet funds remain unrequested due to budget constraints, risking student safety.
Author Salma and ‘Ervadi’ S. Radhakrishnan honored with Kaviko award at a ceremony in Vellore, receiving recognition and cash prize.
Mangaluru police arrest four individuals and seize half a kg of MDMA worth ₹50 lakh intended for local youth.
Uddhav Thackeray calls for appointing Leaders of Opposition in Maharashtra Assembly, stressing the need for constitutional compliance ahead of the Winter Session.
Shashi Tharoor highlights English's significance in India, emphasizing its enriched lexicon through Indian word borrowings at a literature festival.
Cricket fans in Vizag enjoyed a thrilling ODI as Kohli, Rohit, and Jaiswal delivered memorable performances for Team India.