Adani Ports and Special Economic Zone Ltd (APSEZ), India’s largest private sector port operator, has agreed to buy a 75% stake in Krishnapatnam Port Co. Ltd (KPCL) at an enterprise value of Rs 13,572 crores. The Krishnapatnam Port is located in southern Andhra Pradesh and is a multi-cargo facility. It handled 54 million tonnes (mt) of cargo in the year ended 31 March 2019. The purchase will accelerate Adani Ports’ plan to expand its cargo-handling capacity to 400mt by 2025.
Important takeaways for all competitive exams:
Source: The Business Standard
The renowned Tamil poet and lyricist Vairamuthu has been conferred with the prestigious Jnanpith Award…
Did you know that spring brings a magical transformation to certain places where millions of…
Adobe CEO Shantanu Narayen has announced his decision to step down from the role he…
National Vaccination Day 2026 is observed in India on the 16th March every year. This…
The film 'One Battle After Another' has won the Best Picture award at the Oscars…
Michael B. Jordan won the Best Actor award at the Oscars 2026. This award he…