We were incorporated as Gujarat Adani Port Limited on May 26, 1998, and commenced phased operations
at Mundra Port in October 1998 with commercial
operations beginning in October 2001. We were initially
promoted by Adani Port Limited and Gujarat Port
Infrastructure Development Company Limited, an
undertaking of the Government of Gujarat. We entered into a Concession Agreement with
the GMB and the Government of Gujarat on
February 17, 2001 pursuant to which we have been granted the right to develop and operate Mundra
Port located at the Navinal Island in the Kutch
region for a period of 30 years Pursuant to an order of the High Court of Gujarat,
Adani Port Limited merged with us with effect from
April 1, 2003. Further, MSEZ and ACL were merged
with us with effect from April 1, 2006.
We received approval as a developer of a multi-product
SEZ at Mundra and the surrounding areas from the
Government of India on April 12, 2006. We have
already received notification from the Government of
India with respect to land covering 2,406.8 hectares
3, 2007, we received a subsequent notification with
respect to an additional 251.4 hectares of land,
resulting in a total of 2,658.2 hectares (approximately
6,568 acres). Such notification is granted only once land is in the possession of a developer, and as we
further acquire land in and around Mundra, we will
look to receive additional notifications in relation to
In order to reflect the significance of the SEZ status and the changing nature of our business, we changed
our name from Gujarat Adani Port Limited to Mundra
Port and Special Economic Zone Limited with effect
from July 7, 2006 Mundra Port and Special Economic Zone Ltd has informed that the
Board of Directors of the Company at its meeting held on May 20,
2009, inter alia, has appointed Dr. Malay Mahadevia as an Additional
Director and Whole Time Director on the Board of the Company with
immediate effect.
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