Business Highlights:
1. Power Generation:
During the half year ending September, 2011, Adani Power Ltd, a subsidiary of Adani Enterprises generated 6,488 million units at the Mundra power plant. The company’s total power generation capacity now stands at 2,640 MW including second 660 MW super critical power generation unit that was synchronised last quarter. Average plant load factor for the half year was at ~75%.
2. Port Operations
Mundra Port & SEZ handled 38.15 million tonnes cargo during H1 FY12, including Abbot port cargo of 5.03 million tonnes and Dahej port 1.3 million tonnes. Mundra Port handled 31.88 million tonnes of cargo, making it the 4th largest commercial port in India. It aims to handle total cargo capacity of about 300 million tonnes by 2012-13 including Australia’s Adani Abbot Point Coal Handling Terminal. Mundra Port handling capacity now stands at 165 million tonnes, making it one of India’s largest ports in terms of handling capacities.
3. Mine Developer and Operator (MDO)
Adani Mining, will become the first domestic MDO to take off in early 2012. Parsa East and Kante Basan coal blocks have received preliminary nod for mine development and operation to mine 15 MMTPA at peak level. These two blocks are estimated to have coal reserves of approximately 452 million tonnes. This agreement is valid for a period of 30 years from the date of signing of the agreement.
