Adani Ports & SEZ acquires Kattupalli port from L&T

Adani Ports & Special Economic Zone announced that it has executed Share Purchase Agreement between Larsen and Toubro, Marine Infrastructure Developer, L&T Shipbuilding and Adani Kattupalli Port to acquire 97% shares of Marine Infrastructure Developer (MIDPL). MIDPL is the developer and operator of Kattupalli Port.

Kattupalli Port is one of the most modern ports in India emerging as Chennai's New Gateway for EXIM trade in Chennai/Bangalore region and provides a whole new dimension of services with speed and sophistication. Amongst the many advantages of Kattupalli port is its unique location - it is located 30 kilometers towards north of Chennai and has connectivity with hinterland of North Tamilnadu, Chennai, Bangalore region and South Andhra Pradesh - locations which are highly industrialized.

Powered by Capital Market - Live News