Adani Ports and Special Economic Zone (APSEZ) has completed the acquisition of Krishnapatnam Port Company (KPCL) for an enterprise value of Rs 12,000 crore. This will result in APSEZ having a controlling stake of 75% in KPCL from the CVR Group and other investors. KPCL is a multi-cargo facility port situated in the southern part of Andhra Pradesh a state which has the second largest coastline in India.
This acquisition will accelerate APSEZ’s stride towards 500 MMT by 2025 and is another step in implementing APSEZ’s stated strategy of cargo parity between west and east coasts of India.
Adani Ports and Special Economic Zone (APSEZ), a part of globally diversified Adani Group, is the largest integrated logistics player in India.
Company Name | CMP |
---|---|
Adani Ports &Special | 1322.40 |
JSW Infrastructure | 248.30 |
Gujarat Pipavav Port | 207.05 |
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