Political stability must for investment in ports overseas: Karan Adani

Karan Adani, chief executive officer (CEO), Adani Ports & SEZ, and chairman of ACC, talked about the future plans for ports, airports and cement businesses in an interaction with Dev Chatterjee

The Adani group is back in acquisition mode after recovering from the US-based short seller’s revelations, which had wiped off $100 billion of the group’s market cap. In August, the group acquired Sanghi Cement for Rs 5,000 crore, and earlier in January, it had acquired Haifa Port in Israel for $1.2 billion.

Apart from pre-paying promoter debt, the group is now looking for more acquisition opportunities in the cement sector in India and the port sector overseas. On Sunday, Adani Ports & SEZ Vizhinjam trans-shipment port project in Kerala was inaugurated by state Chief Minister Pinarayi Vijayan in the presence