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Adani Ports and Special Economic Zone

BSE: 532921|NSE: ADANIPORTS|ISIN: INE742F01042|SECTOR: Infrastructure - General
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Company History - Adani Ports and Special Economic Zone
We were incorporated as Gujarat Adani Port Limited on May 26, 1998,
 and commenced phased operations  at Mundra Port in October 1998 with
 commercial operations beginning in October 2001. We were initially 
 promoted by Adani Port Limited and Gujarat Port 
 Infrastructure Development Company Limited, an undertaking of the
 Government of Gujarat.
 
 We entered into a Concession Agreement with  the GMB and the
 Government of Gujarat on 
 February 17, 2001 pursuant to which we have been  granted the right
 to develop and operate Mundra  Port located at the Navinal Island in
 the Kutch region for a period of 30 years.
 
 Pursuant to an order of the High Court of Gujarat,  Adani Port
 Limited merged with us with effect from  April 1, 2003. Further, MSEZ
 and ACL were merged  with us with effect from April 1, 2006.
 
 We received approval as a developer of a multi-product  SEZ at Mundra
 and the surrounding areas from the  Government of India on April 12,
 2006. We have  already received notification from the Government of 
 India with respect to land covering 2,406.8 hectares  (approximately
 5,947 acres) on June 23, 2006. On July  3, 2007, we received a
 subsequent notification with 
 respect to an additional 251.4 hectares of land, resulting in a total
 of 2,658.2 hectares (approximately  6,568 acres). Such notification is
 granted only once  land is in the possession of a developer, and as we
 further acquire land in and around Mundra, we will  look to receive
 additional notifications in relation to such further acquired land.
 
 In order to reflect the significance of the SEZ status  and the
 changing nature of our business, we changed  our name from Gujarat
 Adani Port Limited to Mundra  Port and Special Economic Zone Limited
 with effect  from July 7, 2006.
 
 
 Key Events and Milestones
 
 Year     Month           Key Events and Milestones
 
 1994    January      Approval from GMB to set up captive jetty
 
 1998   October       Berths 1 and 2 become operational
 
 1999   October       Berths 3 and 4 become operational
 
 2001   February     Concession Agreement signed with GMB
 
 2001   October       All 4 berths and mechanisation become fully 
                                    operational. Trial rail
 operationscommenced
 
 2002    May             Agreements signed with GGSRL to set up SPM
 
 2002   October       Agreements signed with IOC to set up SPM
 
 2002   November  Railway agreements signed
 
 2003   January      Sub-concession agreement signed with MICT for
                                    the container terminal
 
 2003    July             Container terminal becomes operational
 
 2004    April            Shareholders agreement with Kutch Railway 
                                   Company Limited
 
 2005    June           Merger of Adani Port Limited (with effect from
 April 1, 2003) with us
 
 2005   December SPM becomes operational
 
 2006    April            Notification as a SEZ
 
 2006    May             Additional 10 bulk berths operational
 
 2006    June            Double stack train operations
 
 2006    April            Merger of MSEZ and ACL with us
 
 2007    March         Operation started at Terminal II
 
 2007   August         Operation started at Container Terminal II
 
 2009
 - Maruti Suzukis A-star sails to Europe from Mundra Port. 
 - ADANI Auto Terminal Commences Terminal Operation. 
 
 2010
 - A four lane 1.5 Km. long dedicated RoB constructed at a cost of
 Rs.50 crore.This is the first private four lane RoB within port area
 in India capable of withstanding a load of 100 MT to smoothen and
 speed up cargo movement 
 -Largest Container vessel handled at Mundra for the first time in
 India (LOA 332 Mtr berthed at Container Terminal on the 11th of
 Oct10 with an arrival draft of 14.52 m.) 
 -Commissioning of the mini ship yard - First of its kind Mini
 Shipyard using balloon technology. This has been designed and
 operationalised at Mundra primarily to cater to tugs, dredgers and
 Offshore Supply boats upto 100 mtrs in length.
 -Operationalised the worlds largest automated import Coal Terminal
 having 60 MnT capacity
 -Company has splits its Face value of Shares from Rs 10 to Rs 2
 
 2011
 -Mundra Port and SEZ crosses a record 50 MT Cargo handling - mark in
 2010-11
 - Mundra Port manages and operates the biggest private port in India
 has scored yet another first in the annals of Indian port business.
 - Completion of Acquisition of Abbot Point X 50 Coal Terminal (APCT)
 - Mundra Port handles record fertiliser cargo of about 1 million
 tonnes in November.
 
 2012
 - Change of name of the Company from 'Mundra Port and Special
 Economic Zone Ltd. to Adani Ports and Special Economic Zone Ltd.
 - Dahej Port Commissions 2nd Jetty in South Gujarat.
 - Adani Port signs MoU with US-based Port of Baltimore to increase
 bilateral trade
 - Adani Port and Special Economic Zone bags Rs 1,200 cr bulk terminal
 project at Kandla.
 
 2013
 -Adani Ports & SEZ and MSC Mediterranean Shipping form JV to operate
 a new container terminal in Mundra
 -Adani Ports signs MOU with Belgian Port of Zeebrugge
 -APSEZ begins liquid cargo handling at Hazira
 -Adani Ports & SEZ and MSC Mediterranean Shipping form JV to operate
 a new container terminal in Mundra
 -Adani Ports & Speci - Mundra Port sets a new record in coal handling
 in India
 
 2014
 -Adani Ports Acquires Dhamra Port
 -Adani Ports & SEZ gets Environmental, CRZ nod for Mundra SEZ
 
 2015
 -Adani Ports and Special Economic Zone Ltd - Adani Group announced
 Scheme of Arrangement
 -Adani Ports and Special Economic Zone Ltd, has commissioned a bulk
 terminal at Tuna Tekra, Kandla Port
 -Adani Ports & Special Economic Zone Ltd  ppdates on Composite Scheme
 of Arrangement
 -Adani Ports and Special Economic Zone Ltd has receives Letter of
 Award for Vizhinjam Port Project in Kerala
 -India Ratings and Research (Ind-Ra) has assigned Adani Ports and
 Special Economic Zone (APSEZL) a rating of IND A1+
 -Adani Ports & Special Economic Zone and Larsen & Turbo (L&T) have
 signed a pact to oversee operations of Kattupalli Port in Tamil Nadu
 
 2016
 -Adani Ports & Terminal Investment to jointly develop a major
 transhipment hub at Mundra.
 -APSEZ enhances its operational foothold- Signs agreement to acquire
 a company conducting ports operations.
 -Adani Ports & Special Economic Zone Ltd Share Purchase Agreement for
 acquisition of TM Harbour Services Private Limited.
 
 2017
 -Adani Ports & Special Economic Zone Ltd has raised USD 500 million
 (over Rs 3,400 crore) by issuing foreign currency denominated bonds
 for funding SEZ project. 
 -Adani Ports and Special Economic Zone has raised Rs 1,000 crore
 through allotment of non-convertible debentures on private placement
 basis. 
 -Adani Ports and Special Economic Zone (APSEZ) has signed a joint
 venture pact with French shipping giant CMA CGM to operate a new
 container terminal at Mundra Port for next 15 years. 
 -Adani Ports and Special Economic Zone Ltd. has  incorporated a
 wholly owned subsidiary company Adani International Terminals Pte.
 Ltd on June 30, 2017.
 -Adani Ports and Special Economic Zone has raised Rs 1600 crore by
 allotment of rated, listed, secured, redeemable, non-convertible
 debentures (NCDs) on private placement basis.
Source : Dion Global Solutions Limited
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