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Adani Ports & Special Economic Zone Ltd. Company History and Annual Growth Details

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 (approximately 5,947 acres) on June 23, 2006. On July 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 such further acquired land.

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.


Key Events and Milestones

Year Month Key Events and Milestones

1994 January Approval from GMB to set up captive jetty

1998 October Berths 1 and 2 become operational

1999 October Berths 3 and 4 become operational

2001 February Concession Agreement signed with GMB

2001 October All 4 berths and mechanisation become fully
operational. Trial rail operationscommenced

2002 May Agreements signed with GGSRL to set up SPM

2002 October Agreements signed with IOC to set up SPM

2002 November Railway agreements signed

2003 January Sub-concession agreement signed with MICT for
the container terminal

2003 July Container terminal becomes operational

2004 April Shareholders agreement with Kutch Railway
Company Limited

2005 June Merger of Adani Port Limited (with effect from April 1, 2003) with us

2005 December SPM becomes operational

2006 April Notification as a SEZ

2006 May Additional 10 bulk berths operational

2006 June Double stack train operations

2006 April Merger of MSEZ and ACL with us

2007 March Operation started at Terminal II

2007 August Operation started at Container Terminal II

2009

- Maruti Suzuki’s A-star sails to Europe from Mundra Port.

- ADANI Auto Terminal Commences Terminal Operation.

2010
- A four lane 1.5 Km. long dedicated RoB constructed at a cost of Rs.50 crore.This is the first private four lane RoB within port area in India capable of withstanding a load of 100 MT to smoothen and speed up cargo movement

-Largest Container vessel handled at Mundra for the first time in India (LOA 332 Mtr berthed at Container Terminal on the 11th of Oct’10 with an arrival draft of 14.52 m.)

-Commissioning of the mini ship yard - First of its kind Mini Shipyard using balloon technology. This has been designed and operationalised at Mundra primarily to cater to tugs, dredgers and Offshore Supply boats upto 100 mtrs in length.

-Operationalised the world’s largest automated import Coal Terminal having 60 MnT capacity

-Company has splits its Face value of Shares from Rs 10 to Rs 2

2011
-Mundra Port and SEZ crosses a record 50 MT Cargo handling - mark in 2010-11

- Mundra Port manages and operates the biggest private port in India has scored yet another first in the annals of Indian port business.

- Completion of Acquisition of Abbot Point X 50 Coal Terminal (APCT)
- Mundra Port handles record fertiliser cargo of about 1 million tonnes in November
2012
- Change of name of the Company from 'Mundra Port and Special Economic Zone Ltd. to Adani Ports and Special Economic Zone Ltd.
- Dahej Port Commissions 2nd Jetty in South Gujarat.
- Adani Port signs MoU with US-based Port of Baltimore to increase bilateral trade
- Adani Port and Special Economic Zone bags Rs 1,200 cr bulk terminal project at Kandla.

2013
-Adani Ports & SEZ and MSC Mediterranean Shipping form JV to operate a new container terminal in Mundra
-Adani Ports signs MOU with Belgian Port of Zeebrugge
-APSEZ begins liquid cargo handling at Hazira
-Adani Ports & SEZ and MSC Mediterranean Shipping form JV to operate a new container terminal in Mundra
-Adani Ports & Speci - Mundra Port sets a new record in coal handling in India

2014
-Adani Ports Acquires Dhamra Port
-Adani Ports & SEZ gets Environmental, CRZ nod for Mundra SEZ

2015
-Adani Ports and Special Economic Zone Ltd - Adani Group announced Scheme of Arrangement
-Adani Ports and Special Economic Zone Ltd, has commissioned a bulk terminal at Tuna Tekra, Kandla Port
-Adani Ports & Special Economic Zone Ltd ppdates on Composite Scheme of Arrangement
-Adani Ports and Special Economic Zone Ltd has receives ‘Letter of Award’ for Vizhinjam Port Project in Kerala
-India Ratings and Research (Ind-Ra) has assigned Adani Ports and Special Economic Zone (APSEZL) a rating of IND A1+
-Adani Ports & Special Economic Zone and Larsen & Turbo (L&T) have signed a pact to oversee operations of Kattupalli Port in Tamil Nadu

2016
-Adani Ports & Terminal Investment to jointly develop a major transhipment hub at Mundra.
-APSEZ enhances its operational foothold- Signs agreement to acquire a company conducting ports operations.
-Adani Ports & Special Economic Zone Ltd Share Purchase Agreement for acquisition of TM Harbour Services Private Limited

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