Tag: Krishnapatnam Port

Adani Ports to acquire major stake in Krishnapatnam Port

Adani Ports and Special Economic Zone Limited, India’s largest port developer, operator and the logistics arm of the Adani Group will be acquiring a controlling stake of 75% from the existing shareholders of KPCL. This acquisition will accelerate APSEZ’s stride towards 400 MMT by 2025. Acquisition value of KPCL is approximately Rs.13,500 cr. The purchase…