Adani Ports and Special Economic Zone Ltd.

Adani Ports and Special Economic Zone (APSEZ) through its subsidiary Adani Kattupalli Port (AKPPL), has entered into an in-principle agreement for strategic acquisition of the Kattupalli Port in Tamil Nadu from L&T Shipbuilding (LTSB), a subsidiary of Larsen & Toubro (L&T).

The above is subject to receiving the necessary approvals from the Government of Tamil Nadu and Central Government, and the port being demerged from LTSB. L&T currently operates both the port and shipyard under a single entity ‘L&T Ship Building’.

While awaiting the necessary approvals, APSEZ through its subsidiary AKPPL has entered into an arrangement to take over the operations of the Port.