India's Adani Ports & SEZ Ltd Set to Acquire Controlling Stake in Krishnapatnam Port, an Industrial Info Market Brief

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Adani Ports and SEZ Ltd. (APSEZ), India's largest private multi-port operator, announced on January 3 it will acquire a 75% stake in the Krishnapatnam Port on India's east coast. The port is the second-largest privately managed port in India after Mundra. The acquisition will push the cargo handling capacity of Adani Ports close to 350 million tonnes. The port is owned by Navyuga Group and is undergoing various capacity enhancement projects in different phases.

Industrial Info is tracking 14 related projects worth more than $572 million.

Click here for the list of projects and see map below.