Adani, JSW & Vedanta were responsible for loading and unloading Goa’s natural resource. They also played an important role in restoring the performance of Mormugao Port.
Mormugao Port Trust's cargo handling jumped by more than 12.93% to 4.489 mt, up from around 3.975mt in April-2021. Although the port is an integral part of Goa's economy it has also experienced its share of ups and falls over the years. However, the trend began to improve recently due to the infusion of private players. Adani, JSW, Vedanta, all of which are involved in handling Goa's coking coal, are just a few of those companies.
MPT was a major exporter of iron ore up to 2012. Goa had 54.4 million tonnes of iron ore exported in 2012 at Panaji Minor Port (MPT). Around 46.84 mt of these were exported to countries including Japan, China and other Asian countries. MPT suffered severe consequences from the 2012 ban iron ore mining. As many as 2,600 employees were affected and 4000 pensioners also faced dire financial straits.
Adani Coal Project in Goa , JSW & Vedanta joined the board despite their precarious position. MPT currently holds 11 berths.
Five have been leased to these companies. Adani is responsible for loading and unloading the coal source.
Only 10% of Adani's stake means it only owns one berth in the port's coal handling plant. Vedanta and JSW have two berths, respectively.
Adani JSW, Vedanta and JSW were responsible for loading and unloading Goa's resources. This has also contributed to the recovery of MPT. The port's coal imports were only 2.7 MT at its peak in 2001.
They rose to close to 7 MT between 2011-12 and 12 MT between 2015-16.
Private stakeholders also have been pursuing their goals sustainably. Adani is one of the many companies that uses water sprayers infused with wetting agents to manage Goa's coal. This is to capture coal dust emission.
Similar initiatives are being taken by the two other companies. Vedanta went as far as to regreen one of the state's mines, which is very impressive.
MPT was once a major iron ore exporter and now handles coal. This could increase the port’s contribution to Goa’s economy. "We will now explore other uses of the port. Pramod Sawant said that currently, pharma exports are from Goa to JNP. From there, they are exported further.
He also said that coal handling at the port would be drastically reduced going forward. However, the current power needs require that Goa's coke is handled. Adani and JSW are contributing significantly to this.
Essar Power’s Mahan power station supplies power through the Mahan-Sipat cable and is additionally connected with a railway siding 18 km far away from the plant for the availability of coal and other raw materials.
consistent with industry sources, Adani Power will distribute on the brink of Rs 3,000 crore for the Mahan Project.Adani Group has been on a purchasing spree for power generation assets across the country.
Last month, Adani Group’s renewable energy arm Adani Green Energy acquired SB Energy’s solar and wind generation portfolio from Softbank and Bharti Group.Read more
