You are here: Home » News-CM » Companies » News
Business Standard

Adani Ports to acquire balance 25% stake in Krishnapatnam Port

Capital Market 

For consideration of Rs 2800 cr

Adani Ports & Special Economic Zone has signed 01 April 2021 with Vishwa Samudra Holdings, to acquire balance 25% stake of Adani Krishnapatnam Port (Krishnapatnam Port) for consideration of Rs 2800 crore.

Post-acquisition of 25% stake, Krishnapatnam Port will become wholly owned subsidiary of the Company.

Krishnapatnam Port is engaged in the business of handling containers, coal, break bulk and other bulk cargo including liquid cargo.

Krishnapatnam Port is an all-weather, deep water port has multi-cargo facility with a current capacity of 64 MMTPA. With a waterfront of 20 km and 6,800 acres of land, Krishnapatnam Port has a master plan capacity of 300 MMTPA and a 50 year concession.

Powered by Capital Market - Live News

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

Dear Reader,


Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Mon, April 05 2021. 09:11 IST
RECOMMENDED FOR YOU
RECOMMENDED FOR YOU