UpdateBot at 07:40, 13 August 2021

2021-08-13T07:40:22Z

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{{EngvarB|date=May 2014}}
{{Use dmy dates|date=May 2014}}

{{Infobox Port
| name = Gangavaram Port
| image =
| image_size = 5kb
| image_caption =
| country = {{flagicon|India}} [[India]]
| location = [[Gangavaram, Visakhapatnam|Gangavaram]], [[Visakhapatnam]]
| coordinates = {{coord|17|37|0|N|83|14|0|E}}
| opened = July 2009
| operated =Gangavaram Port Ltd.
| owner = [[Adani Ports & SEZ]] (89.6%)
| website = [http://www.gangavaram.com www.Gangavaram.com]
| sizewater =
| sizeland =
| size = {{convert|2800|acre|km2}}
| berths = 9
| wharfs =
| piers =
| employees =
| leadershiptitle =
| leader =
| revenue =
| profit =
| cargotonnage = 18.04 million tonnes(2016-17)
}}
{{Visakhapatnam Railway|collapse=y}}
'''Gangavaram Port''', located in [[Visakhapatnam]], [[Andhra Pradesh]].<ref name="business_standard_inaug">{{cite news|url=http://www.business-standard.com/india/news/cm-inaugurates-gangavaram-port/363691/|title=CM inaugurates Gangavaram Port|date=13 July 2009|work=[[Business Standard]]|access-date=13 July 2009}}</ref> Inaugurated in July 2009, it has a depth of 21m.<ref>{{cite news|url=http://www.thehindubusinessline.com/2009/07/11/stories/2009071151361700.htm|title=CM to inaugurate Gangavaram port|date=11 July 2009|publisher=The Hindu Business Line|access-date=13 July 2009}}</ref> It is managed by Gangavaram Port Ltd., a special-purpose company floated by Mr. DVS Raju, who serves as its chairman and managing director. The company is owned by the DVS Raju Group (58.1%), [[Adani Ports]] (31.5%) and the [[Government of Andhra Pradesh|Andhra Pradesh Government]]<ref>{{cite news|url=https://www.maritimegateway.com/ap-government-likely-to-offload-10-stake-in-gangavaram-port/|title=AP government likely to offload 10% stake in Gangavaram Port|publisher=Maritime Gateway|access-date=5 May 2021}}</ref> (10.4%).<ref name="moneycontrol.com">{{cite web |title=Adani Ports Acquires 31.5% Stake In Gangavaram Port For Rs 1,954 Crore |url=https://www.moneycontrol.com/news/business/adani-ports-acquires-31-5-stake-in-gangavaram-port-for-rs-1954-crore-6600571.html |website=Moneycontrol |access-date=4 March 2021}}</ref>

== History ==
[[File:Gangavaram View.jpg|thumb|right|Gangavaram port view]]
Construction of the port began in December 2005, and commercial operations commenced in August 2008. The port was formally inaugurated on 12 July 2009, by the Andhra Pradesh Chief Minister [[Y S Rajasekhara Reddy]].

The port is located where Borramma Gedda river joins the sea.{{citation needed|date=September 2015}} Fishermen in the Gangavaram and [[Dibbapalem]] villages, who were directly affected by the construction of the port, demanded construction of an alternative jetty at Yarada and a relief and rehabilitation package.<ref>{{cite news|url=http://www.blonnet.com/2006/03/29/stories/2006032903180100.htm|title=A hill stands between Andhra fishermen, Gangavaram port|date=29 March 2006|publisher=The Hindu Business Line|access-date=13 July 2009|archive-url=https://web.archive.org/web/20070807123821/http://www.blonnet.com/2006/03/29/stories/2006032903180100.htm|archive-date=7 August 2007|url-status=dead|df=dmy-all}}</ref>

The DVS Raju group invested Rs. 18.50 billion in the development of the port.<ref name="business_standard_inaug"/> Gangavaram Port Ltd. has taken a loan of Rs. 11.70 billion from a consortium of 13 banks, including the [[State Bank of India]], to fund the Phase I development.

[[Adani Ports]] announced on 3 March 2021 that it had acquired a 31.5% stake in Gangavaram Port from Windy Lakeside Investment, an affiliate of [[Warburg Pincus]], for {{INRConvert|1954|c}}.<ref name="moneycontrol.com"/>

[[Adani Ports]] may acquire a 58.1% stake in Gangavaram Port from DVS Raju Group, for undisclosed amount.<ref>{{cite web |title=Commission approves acquisition of 89.6% of equity shareholding of Gangavaram Port Limited (“GPL”) by Adani Ports and Special Economic Zones Limited (“APSEZ”) under Section 31(1) of the Competition Act, 2002|url=http://cci.gov.in/sites/default/files/press_release/PR042021-22.pdf |website=Competition Commission of India |access-date=13 April 2021}}</ref>

== Comparisons with the Vizag port ==

The first client of the Gangavaram Port Ltd. is the [[Rashtriya Ispat Nigam Ltd.]], which runs the [[Vizag Steel]] Plant, and earlier used the [[Visakhapatnam Port]].<ref name="business_standard_inaug"/> The Gangavaram Port Ltd. plans to build conveyors for taking imported raw materials directly to the Vizag Steel plant, in order to reduce the railway transportation costs.

The Union Government of India, which owns the Visakhapatnam port, had proposed a joint venture between the Visakhapatnam port and the private operator of the Gangavaram port to make sure that the Visakhapatnam port's business remains unaffected. However, this proposal was rejected by the then Andhra Pradesh Chief Minister, [[N. Chandrababu Naidu]].

DVS Raju, while talking to reporters during the port's inauguration ceremony, insisted that it would be "complementary in nature" to the Visakhapatnam port, and not a competitor.<ref>{{cite news|url=http://www.highbeam.com/doc/1G1-203572708.html|title=Gangavaram port to expand capacity in a phased manner|date=12 July 2009|publisher=Highbeam|access-date=20 October 2010}}{{dead link|date=February 2019|bot=medic}}{{cbignore|bot=medic}}</ref>

The Gangavaram port is capable of handling Super Cape size vessels of up to 200,000 DWT. The State Government plans to construct a Rs. 21-crore four-lane [[Overpass|flyover]] to the Gangavaram port.<ref>{{cite news|url=http://articles.timesofindia.indiatimes.com/2009-06-30/hyderabad/28179222_1_gangavaram-port-flyover-vsp|archive-url=https://web.archive.org/web/20121024064222/http://articles.timesofindia.indiatimes.com/2009-06-30/hyderabad/28179222_1_gangavaram-port-flyover-vsp|url-status=dead|archive-date=24 October 2012|title=Govt to build flyover to Gangavaram port|date=30 June 2009|work=[[The Times of India]]|access-date=13 July 2009}}</ref>

== Cargo handled ==

The Gangavaram port handled 20.74 million tonnes of cargo during 2014-15 as against 15.81 million tonnes during the previous financial year.<ref>{{cite news|url=http://www.thehindubusinessline.com/industry-and-economy/logistics/gangavaram-port-handles-2074-million-tonnes/article7134461.ece|title=Gangavaram port handles 20.74 mt of cargo}}</ref>

== References ==
{{Reflist}}

== External links ==
{{Commons category|Gangavaram}}
* [http://www.gangavaram.com/ Official website]

{{Hydrography of Andhra Pradesh}}{{Adani Group}}{{Visakhapatnam}}

[[Category:Ports and harbours of Andhra Pradesh]]
[[Category:Economy of Visakhapatnam]]
[[Category:Transport in Visakhapatnam]]
[[Category:Buildings and structures in Visakhapatnam]]
[[Category:Proposed infrastructure in India]]
[[Category:2009 establishments in Andhra Pradesh]]
[[Category:Transport infrastructure completed in 2009]]

Gangavaram Port - Revision history

UpdateBot at 07:40, 13 August 2021