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CCI approves acquisition of Krishnapatnam Port Co by Adani Ports and Special Economic Zone
Fair trade regulator CCI on Wednesday said it has given its nod to acquisition of Krishnapatnam Port Company Ltd by Adani Ports and Special Economic Zone Ltd.
No ammonium nitrate in custody of Customs in Vizag: Official
In the light of the explosion of the chemical in Beirut and the resultant fatali...
Adani Ports to acquire 75% stake in Krishnapatnam Port Company
The Gautam Adani-led company will buy a 75% stake in KPCL at an enterprise val...
Adani Ports advances 2% as company mulls $1 billion in overseas bond sale
The bond sale, which is expected in July itself, would have a 30-year maturity, ET reported. This would be the first long-term issuance by an Indian company since the lockdown began.
APSEZ has sufficient financial headroom to absorb proposed buyout in Krishnapatnam Port: S&P
Adani Ports and Special Economic Zone (APSEZ) has sufficient financial headroom to absorb its proposed acquisition in Krishnapatnam Port Company (KPCL), S&P Global Ratings has said
Adani Ports bags 75% stake in Krishnapatnam Port for Rs 13,572cr
Adani Ports and Special Economic Zone on Friday announced its decision to acquire a controlling stake in Krishnapatnam Port Company Limited ...
Adani group in talks with Krishnapatnam Port to acquire majority stake
The all-weather port with 365 days of operations is located at Krishnapatnam in Nellore District of Andhra Pradesh, north of Chennai.
COVID-19 has deal-making plunging 31% to $18.7 bn in Q1: Report
Despite the fall, India saw 87 deals in Q1, securing 15.4 per cent market share in the APAC region, almost on par with 2019 levels, according to the data collated by Mergermarket. While the domestic deal market saw an 11.1 per cent growth, outbound deals grew by around USD 500 million.
Swiss firm plans steel plant in Kadapa district
This would be the second steel plant that has been proposed in Kadapa district in the Rayalaseema region of the state. As the Centre allegedly did not come forward to set up the steel plant in Kadapa as per the AP Reorganisation Act, 2014, the state government decided to establish one on its own and the Chief Minister laid the foundation stone for it on December 23 last.
KPCL deal will not impact Adani Ports' ratings: Agencies
Last Friday, APSEZ announced an acquisition of 75 per cent interest in Krishnapatnam Port Company.
Krishnapatnam Port to pump Rs 500 cr for liquid cargo terminal
"We will invest Rs 500 crore over the next 12-18 months for creating a liquid cargo terminal and also expand container capacity," its chief executive Anil Yendluri told PTI over the weekend.
Krishnapatnam Port to better infrastructure to meet increase in traffic
The port has set up a dedicated coastal cargo berth to handle growing traffic and reducing time loss in a bid to emerge as a coastal cargo hub on India’s east coast.
NGC Energy, Petredec to set up Rs 400-crore LPG terminal
NGC Energy India, a joint venture between Oman-based National Gas Company and Singapore-headquartered Petredec, will jointly set up a liquified petroleum gas import and storage terminal at Krishnapatnam Port. National Gas Company signed a definitive agreement to transfer 40 per cent of its shares to Petredec in September this year.
Krishnapatnam Port's cargo handling up 25% in FY18
The port has planned a total investment of USD 3 billion of which USD 1.23 billion (Rs 8,000 crore) has already been invested for development till date with second phase of expansion underway.
Adani Ports and SEZ plans Capex of Rs 4,000 crore in FY21
The amount is apart from what it plans to spend on acquisitions, Karan Adani, said in a post earnings conference call. Adani Ports last month announced the purchase of a 75% stake in Krishnapatnam Port for Rs 5,520 crore.