• Airways
  • Railway
  • Roadways
  • Shipping & Port
Transport Advancement
  • Home
  • News
  • Projects
    Stockholm Metro Expansion

    Stockholm Metro Expansion Backed by €2B EIB Funding

    Highways England unveils plans to widen A12

    Highways England unveils plans to widen A12

    African Development Bank, Africa50 in Landmark Bridge Project Linking Kinshasa and Brazzaville

    Geely Holding to Cooperate with China Aerospace Science and Industry Corporation on Developing Technologies Including Supersonic Trains

    AECOM to provide site supervision services for Malaysia’s East Coast Rail Link project

    Talgo obtains €30 million from the European Investment Bank for Innovation projects

    U.S. Department of Transportation Advances Rail Projects in Florida and Texas

    World premiere of the Mercedes-AMG Project ONE: Mercedes-AMG brings Formula 1 technology to the road

    One of the world’s longest electric car highways will be built in Australia

  • Articles
  • Press Statements
  • Market Reports
    Bonded Zones and Mega

    Bonded Zones and Mega Terminals Playing Part Regionally

    Heavy Duty Vehicle Electrification Driving Transportation

    Heavy-Duty Vehicle Electrification Driving Transportation

    European Rail Freights

    2025-2029 European Rail Freight Transportation Market View

    Intelligent Transportation

    Intelligent Transportation System Market – 2032 Growth Story

    MaaS

    Mobility as a Service – MaaS Set To Witness A Global Demand

    Transportation growth in Tourism

    On-Demand Transportation Throttles Growth in Tourism

    Achieving Global Retail Expansion And Sustained Growth

    Shifting Sourcing strategies with Maersk, Bose & Infineon – Reuters Events

    Austal signs agreement to buy BSE Maritime Solutions

    Austal signs agreement to buy BSE Maritime Solutions

  • Events
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Projects
    Stockholm Metro Expansion

    Stockholm Metro Expansion Backed by €2B EIB Funding

    Highways England unveils plans to widen A12

    Highways England unveils plans to widen A12

    African Development Bank, Africa50 in Landmark Bridge Project Linking Kinshasa and Brazzaville

    Geely Holding to Cooperate with China Aerospace Science and Industry Corporation on Developing Technologies Including Supersonic Trains

    AECOM to provide site supervision services for Malaysia’s East Coast Rail Link project

    Talgo obtains €30 million from the European Investment Bank for Innovation projects

    U.S. Department of Transportation Advances Rail Projects in Florida and Texas

    World premiere of the Mercedes-AMG Project ONE: Mercedes-AMG brings Formula 1 technology to the road

    One of the world’s longest electric car highways will be built in Australia

  • Articles
  • Press Statements
  • Market Reports
    Bonded Zones and Mega

    Bonded Zones and Mega Terminals Playing Part Regionally

    Heavy Duty Vehicle Electrification Driving Transportation

    Heavy-Duty Vehicle Electrification Driving Transportation

    European Rail Freights

    2025-2029 European Rail Freight Transportation Market View

    Intelligent Transportation

    Intelligent Transportation System Market – 2032 Growth Story

    MaaS

    Mobility as a Service – MaaS Set To Witness A Global Demand

    Transportation growth in Tourism

    On-Demand Transportation Throttles Growth in Tourism

    Achieving Global Retail Expansion And Sustained Growth

    Shifting Sourcing strategies with Maersk, Bose & Infineon – Reuters Events

    Austal signs agreement to buy BSE Maritime Solutions

    Austal signs agreement to buy BSE Maritime Solutions

  • Events
  • Contact Us
No Result
View All Result
Transport Advancement
No Result
View All Result
Home Press Statements

Adani Ports and Special Economic Zone Limited will acquire a majority stake in a major Indian port

7th January 2020
in Press Statements, Shipping & Port
Adani Ports and Special Economic Zone Limited (APSEZ), will acquire a majority stake in a major Indian port.

Note* - All images used are for editorial and illustrative purposes only and may not originate from the original news provider or associated company.

0
SHARES
94
VIEWS
Share on FacebookShare on Twitter

India’s largest port developer, operator and the logistics arm of the Adani Group, APSEZ will acquire a controlling stake of 75% in Krishnapatnam Port Company Ltd (KPCL), which is 92% owned by Hyderabad-based CVR Group.

Karan Adani, CEO of APSEZ, said: “KPCL is a crown jewel to join APSEZ’s string of pearls, our network of 10 economic gateways to India and this acquisition would accelerate our stride towards FY2025 vision of handling 400 MMT of cargo. Given the best-in-class infrastructure and the distinct hinterland catered by KPCL, this acquisition will not just increase our market share to 27% but also add remarkable value to our pan-India footprint.

With the experience of successfully turning around acquisitions of Dhamra and Kattupalli ports, we are confident of harnessing the potential of KPCL and improve returns to stakeholders.”

KPCL is located in the southern part of Andhra Pradesh, the state with the second largest coastline of in India, and is a multi-cargo facility which handled 54 MMT in FY19.

This acquisition will accelerate APSEZ’s stride towards 400 MMT by 2025. The acquisition value of KPCL is approximately Rs.13,500 cr.

Mr Adani added that APSEZ aims to enhance cargo volume at KPCL to 100 MMT in around seven years and will double its EBIDTA in around four years through its process improvements and industry best practices.

Previous Post

Spirit Airlines finalizes order for 100 Airbus A320neo Family aircraft

Next Post

Kerry Logistics deepens its presence in the Middle East

Related Posts

Bonded Zones and Mega
Airways

Bonded Zones and Mega Terminals Playing Part Regionally

25th June 2025
Multimodal Integration
Asia Pacific

Multimodal Integration Defining Modern Logistics Pathway

25th June 2025
Volvo to manufacture
Press Statements

Volvo to manufacture first-ever Australian-made heavy duty electric trucks as part of nation’s largest-ever order

27th May 2025
Germans to Experience Driverless
Europe

Germans to Experience Driverless Technology in Public Transport with Karsan Autonomous e-ATAK

27th May 2025
VIAVI
Press Statements

VIAVI Test Solutions Boost Future-Ready FRMCS Networks

12th May 2025
Press Statements

Guillaume Schaeffer, New Director Of Tradeshows Intermat, Sitevi And Solutrans At Comexposium

26th April 2025
Next Post
Kerry Logistics deepens its presence in the Middle East

Kerry Logistics deepens its presence in the Middle East

Latest Post

Transforming Air Travel
Airways

Transforming Air Travel: Passenger Terminal of 2030 Vision

26th June 2025
Designing the Future
Airways

Designing the Future Terminal for Smart Operations

26th June 2025
Cybersecurity in Terminal
Airways

Cybersecurity in Terminal Environments: A Rising Priority

25th June 2025
Bonded Zones and Mega
Airways

Bonded Zones and Mega Terminals Playing Part Regionally

25th June 2025
Digital Twins and Predictive
Airways

Digital Twins and Predictive Management in Terminals

25th June 2025
Urban Air Mobility and the Future
Airways

Urban Air Mobility and the Future Terminal of Cities

25th June 2025
Transport Advancement

About Us

Transport Advancement is a leading information centric website for latest updates within the industry. We cover Railway, Road Traffic, Airways, Shipping & Port and run with an objective to provide knowledge driven content to our readers and subscribers in various forms like news, projects, upcoming events.

Subscribe Us

Resources

  • Advertise with us
  • Contact Us
  • Newsletter Archive
  • Download Mediapack
  • Newsletter Subscription

System

  • Search
  • Site map
  • RSS Feed
  • Airways
  • Railway
  • Roadways
  • Shipping & Port

© 2022 Copyright Value Media Services 2022 All rights reserved.

No Result
View All Result
  • Home
  • News
  • Projects
  • Articles
  • Press Statements
  • Market Reports
  • Events
  • Contact Us

© 2022 Copyright Value Media Services 2022 All rights reserved.