Adani Ports and Special Economic Zone Ltd.

Adani Ports and Special Economic Zone (APSEZ) has entered into a non-binding Memorandum of Understanding (MoU) with L&T Shipbuilding (L&T) for evaluating the operations of the port at Kattupalli, Tamil Nadu, with effect from October 2015 for a period of one month. The definitive agreements would be entered into later.

While all non-operating revenues and expenses will be to L&T’s account. Adani shall be responsible for EBIDTA gains and losses arising from the Port operation for this period, the shipyard will continue to be managed and operated by L&T.

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.