Jul 5, 2020
High drama in the run up to Adani-Krishnapatnam port deal
High drama in the run up to Adani-Krishnapatnam port deal
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Three days before Adani Ports and SEZ Ltd signed a deal on January 3 to buy a 75 per cent stake in Krishnapatnam Port Co Ltd for an enterprise value of ₹13,572 crore, the Andhra Pradesh government thwarted attempts by the original promoters CVR Group to build a new facility in the port’s extended exclusive limits.
The planned new deep-water port at Ramayapatnam in Prakasam district, is…
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