The Adani Group will develop a port in India’s West Bengal state at a planned investment of more than $3 billion, as the port-to-power conglomerate continues to bolster its grip over the local infrastructure and logistics sectors.
Adani Ports & Special Economic Zone Ltd., controlled by world’s second-richest man Gautam Adani, was selected on Monday to develop the Tajpur deep sea port, according to a statement from the state government. The greenfield project will entail a total investment of 250 billion rupees ($3.1 billion), of which 150 billion rupees will go toward port development and the rest toward building related infrastructure, it said.
