Adani Ports & Special Economic Zone (APSEZ) reportedly got a key environmental and coastal regulation zone approval to more than double the capacity of Mundra port at an investment of Rs 45,000 crore.

APSEZ applied to Ministry of Environment's Expert Appraisal Committee (EAC) seeking permission to raise the capacity at the port, Economic Times reported.

"EAC, after examining the documents submitted by the project proponent (APSEZ) and detailed deliberations held on 15 May 2024, recommended the proposal for environment and CRZ clearance", the report claimed citing committee’s meeting.

This comes as APSEZ handled roughly 27% of India's total cargo and 44% of container cargo in FY24.