Adani’s Sanghipuram port to attract large ships

Adani Group has revealed its plans to enhance the captive port capacity of Sanghipuram to handle larger vessels with a size of 8000 DWT. This investment comes after Adani Group subsidiary, Ambuja Cements, acquired a majority stake in Sanghi Industries Ltd (SIL) for an enterprise value of Rs 50 billion.

Ambuja Cements recently announced its acquisition of a 56.74% stake in SIL, a prominent cement manufacturer in western India. The deal, valued at Rs 5,000 crore, involved the purchase of shares from SIL’s existing promoter group, Ravi Sanghi & family.

Sanghi Cement’s manufacturing unit is located in Sanghipuram, in Gujarat’s Kutch district, which is also connected to a captive jetty. With a capacity of 6.6 MTPA for clinker production and 6.1 MTPA for cement manufacturing, the company plans to deepen and expand its captive port capacity to accommodate larger vessels of 8000 DWT. Karan Adani, a representative of Adani Group, confirmed this commitment.

In summary, Adani Group’s investment in expanding the captive port capacity of Sanghipuram follows Ambuja Cements’ acquisition of a majority stake in Sanghi Industries Ltd. The aim is to facilitate the handling of larger vessels, with a size of 8000 DWT. This shows the group’s dedication to enhancing infrastructure and supporting the growth of the cement manufacturing sector in western India.

Source .