Adani's Ennore and Vizhinjam ports are currently under construction and will start operations in October and December respectively. It currently has 8 operating ports.
New Delhi will grant billionaire Gautam Adani 16 billion rupees (USD 240 million) in so-called "viability gap" funding to help the new port at Vizhinjam in Kerala win business from established hubs elsewhere in Asia.
In 2010, Adani Group had acquired the rights to develop the Carmichael coal mines in the Galilee Basin of Queensland state in Australia involving an investment of USD 15 billion over a period of time.
The Gautam Adani-led company would be closing the year with having handled 144 MT cargo out of its present installed capacity of 390 MT. The company has set a target of exceeding 200 MT of cargo handling by 2020 at an investment of Rs 9,000 crore, but it is likely to achieve it by 2018.
Taking a major step forward on the state's ambitious Rs 7,500 crore Vizhinjam deep sea port project, Kerala government and Adani Ports decided to sign the construction agreement on August 17.