The deal will help APSEZ expedite the vision of handling 400 mt of cargo by 2025
Gautam Adani is looking to expand his ports empire by closing in on buying a 65-70 per cent stake in Krishnapatnam Port Company Ltd, the entity promoted by Hyderabad-based CVR Group to run a private deep-water port at Krishnapatnam in Andhra Pradesh’s Nellore district.
Adani Ports and Special Economic Zone (APSEZ), India’s biggest private port operator, is expected to pay more than ₹5,500 crore to buy the stake which...