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01 June 2020 The on-line newspaper devoted to the world of transports 11:21 GMT+2

June 28, 2018

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Adani Ports buys the Indian port of Kattupalli

The transaction will have a value of about 284 million dollars

The Adani Ports and Special Economic Ltd Zones, (APSEZ) of the Indian group Adani has tightened an agreement with the compatriot Larsen & Toubro in order to acquire the entire quota stopped 97% from this last one in Marine Infrastructure Developer Private Limited (MIDPL), society that the Indian port of Kattupalli develops and manages, that it is situated 30 kilometers to north of Chennai. The two parts had undersigned a preliminary agreement to such fine in 2015(on 9 November 2015). The quota will be bought for 19,5 billion rupees (284 million dollars).

"Adani Ports - the managing director of the APSEZ, Karan Adani has explained - is engaged to make of the port of Kattupalli one of the main harbour ports of call in southern India. We are about to start constructions on the aim to diversify to the traffics goods of the port and in next the three years of it we will increase the ability to 40 million tons".

Currently the port has two docks with approaches for 710 linear meters, equipped with six crane of dock and 15 cranes to portal on rubber, that they per year have a containerized trade ability pairs to 1,2 million teu.

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