-8.15 (-0.57%) Adani Ports & Special Economic Zone (APSEZ) is reportedly in talks with Essar Group to acquire its ports business. Essar Ports, one of the largest private sector player by capacity and throughput, has an operational footprint on both western and eastern coast of the country and can handle liquid (mainly oil), dry bulk (mainly coal), general cargo and small volumes of container cargo for specialized project equipment.
Adanis, in June 2014, took over Dharma Port - an equal JV between L&T and Tata Steel - for Rs 5500 crore, in what was the largest deal among private port operators in the country.
Adani Ports and Special Economic Zone is the country's largest private multi-port operator and part of the Adani Group, a global integrated infrastructure player.