Adani Ports and Special Economic Zone Limited (APSEZL) is engaged in the business of developing, operating and maintaining the Mundra Port and Port based related infrastructure facilities, including Multi product Special Economic Zone. Mundra Port had handled 2,577 vessels during the fiscal year ended March 31, 2012 (fiscal 2012). During fiscal 2012, the Company handled 8,414 rakes; 28.46 million tons of dry cargo, and 1.52 million TEUs. During fiscal 2012, the Company had focused on development of infrastructure for supporting the industrial development within the Special Economic Zone (SEZ). In June 2014, Tata Steel Limited (Tata Steel) announced the sale of 100% interest in The Dhamra Port Company Limited, a joint venture between Tata Steel and L&T Infrastructure Development Projects Limited (L&T IDPL) to Adani Ports and Special Economic Zone Limited.