InvestorQ : InvestorQ-Ask,Answer & Share All About Finance!
Aditi Sharma made post

What is you view on the implications of Adani SEZ acquiring Krishnapatnam Ports?

user profile image
Aashna Tripathi answered.
2 weeks ago

The CCI approved acquisition of Krishnapatnam Port Company by Adani Ports and SEZ. The deal entails the acquisition of equity stake along with 100% management control. Adani Ports SEZ is an integrated port infrastructure services provider with presence in the states of Gujarat, Goa, Kerala, Andhra Pradesh, Tamil Nadu and Odisha managing shipping logistics.

Adani handles vessel management, anchorage, pilotage, tug pulling, berthing, goods handling, internal transport, storage, processing and evacuation by road or rail. Krishnapatnam Ports operates the deep water port in Andhra Pradesh, on a B.O.S.T. basis. This gives Adani a much strong foothold in the South and would be positive.