Independent journal on economy and transport policy
13:46 GMT+1
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Adani Ports has completed the acquisition of 75% of the capital of Krishnapatnam Port Co
The stake was purchased for about 1.6 billion dollars
October 5, 2020
APSEZ CEO Karan Adani pointed out that Krishnapatnam is the second port India and announced that the goal of APSEZ is to to increase the volume of freight traffic handled by the port 100 million tonnes in fiscal 2025 (in the year 2018-2019 was more than 54 million tonnes). Adani also pointed out that the port of Krishnapatnam can be expanded to reach an annual traffic capacity 500 million tonnes.
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