French firm to expand India port with Adani
Jul 04 2014 , New Delhi
The terminal, the fourth at Adani's Mundra complex in the state of Gujarat, will be built over two years in a 50-50 joint venture, Adani Ports said in a statement on Friday.
The terminal will add 30 percent to Mundra's capacity, making it the biggest port in India, Adani Ports said.
Adani Ports, part of billionaire Gautum Adani's conglomerate, has expanded its ports business in recent years to become the country's largest port developer. In May, it said it had bought the port of Dhamra on the eastern coast of India.