The two top officials of the Ahmedabad-based Adani Group- chairman Gautam Adani and managing director Rajesh Adani- on Saturday called on Chief Minister Naveen Patnaik and apprised him on the roadmap of their proposed port project in Orissa.

Adani Group, a diversified business conglomerate, has evinced interest in setting up a 100 million tonne per annum port in Orissa at an investment of Rs 10,000 crore.

The project, to come up under the banner of Adani Kalinga Port, will be developed in two phases at a location which is three km away from Jatadhari Muhan, the proposed site of Posco India’s captive port in the state’s Jagatsinghpur district.

However, the Adani Group’s project will not affect the captive port planned by Posco India, the officials said.

The Group intends to invest Rs 5000 crore in the first phase and an equivalent amount in the second phase.

The proposed port will have 12 berths in all and will handle coal, iron ore, liquid and containerized cargo.

The Adani Group also plans to develop an industrial zone in the port area. Plans are afoot to develop a road and railway network within the port.

The Group is banking on its own expertise to develop the project. Besides the port, the Group plans to invest in other sectors in the state like power plant, edible oils and mining. Source by Business Standard