Adani Ports and Special Economic Zone Limited (APSEZ) has completed the acquisition of Krishnapatnam Port Company Ltd. (KPCL) for a reported sum of Rs. 12,000 crores. This will give APSEZ a controlling stake of 75% in KPCL, previously owned by the CVR Group and other investors.
KPCL is a multi-commodity port situated in the southern part of Andhra Pradesh, a state which has the second largest coastline in India. This acquisition will accelerate APSEZ’s progress towards a 500 million tonnes a...
https://www.themaritimestandard.com/krishnapatnam-port-taken-into-adani-control/