The Port of Mundra is India’s biggest private port. Located in the Kutch district of the state of Gujarat, Mundra lies on the north shores of the Gulf of Kutch about 50 kilometers south of Anjar and xx kilometers east the Port of Mandvi. About 60 thousand people, most of them migrants, live in the Port of Mundra.
The Port of Mundra is not only a private port, but it is also a special economic zone. Incorporated in 1998 as Gujarat Adani Port Limited (GAPL), the company began operating in 2001. The Mundra Special Economic Zone was incorporated in 2003 and was merged with GAPL in 2006. The combined company was renamed “Mundra Port and Special Economic Zone Limited.” It is India’s first multi-product port-based special economic zone (SEZ).
In 1994, the Gujarat Maritime Board approved setting up a captive jetty at the Port of Mundra. In 1998, a joint-sector company, the Gujarat Adani Port Ltd., was incorporated and multi-purpose berths 1 and 2 at Terminal I began operating. In 1999, multi-purpose berths 3 and 4 opened at Terminal I.
In 2001, the Port of Mundra signed a concession agreement with GMB for development, operation, and maintenance of the port at Mundra. Also in 2001, the private Mundra-Adipur railway line to Vasco da Gama was completed and in 2002, it was integrated with the Indian Railways.
In 2002, Guru Govind Singh Refineries Ltd. signed an agreement with the Port of Mundra to handle crude oil in the port. In 2002, additional agreements were signed with Indian Oil Corporation to set up a single-point mooring facility and handle crude oil at Mundra. In 2003, a sub-concession agreement was signed to add a container terminal in the Port of Mundra, and the terminal began operating that year. In 2005, Adani Port Limited and Gujarat Adani Port Limited were merged. In late 2005, the Single-Point Mooring became operational.
The year 2006 was an eventful one for the Port of Mundra. The Special Economic Zone at the Port of Mundra was announced. Two new berths at Terminal II became operational to handle bulk cargo. A double-stack container train began to operate. The Mundra Special Economic Zone Ltd. and Adani Chemicals Limited were merged with Gujarat Adani Port Ltd., and the company name was changed to Mundra Port and Special Economic Zone Limited (MPSEZ).
In 2007, two more berths for bulk cargo were added at Terminal II, and the terminal trial run operations began. A service agreement was signed with Tata Power to produce power for handling coal cargo imports. Also in 2007, equity shares in MPSEZ were offered to the public and employees and were listed on the National and Bombay Stock Exchanges. Finally, a service agreement was signed in 2008 with Maruti Suzuki India Ltd. to handle exports of automobiles.