APSEZ acquires 75 per cent stake in KPCL

06 Oct 2020 CW Team

This strategic and significant move will result in APSEZ having a controlling stake of 75 per cent in KPCL and will help in accelerating its progress towards 500 million tonnes cargo handling capacity by 2025.

KPCL is a multi-cargo facility port situated in the southern part of Andhra Pradesh, the state with the second-largest coastline of in India. In FY21, KPCL is expected to generate an EBITDA (earnings before interest, tax, depreciation and amortisation) of approximately Rs 12 billion, resulting in an acquisition EV (enterprise value) or EBITDA multiple of 10.

Andhra Pradesh government gave a green signal for this acquisition last month. APSEZ already control ports like Kattupalli and a terminal at the Kamarajar Port in Ennore, suburban Chennai. With this new addition, they will have 12 ports in their kitty and this will result in APSEZ controlling a third of the country’s total port capacity.

The distance between Krishnapatnam and Bengaluru is 400 km and the port can help to attract industries even in Tamil Nadu’s industrial town of Hosur to export or import.

Adani is also developing a deep seaport at Vizhinjam near Thiruvananthapuram which could help the company in offering a range of options to its users to connect with global destinations.

With acquiring controlling stakes in some of the major airports such as Mumbai and aiming to become India’s largest private airport operator, Adani is on its way to emerge as an infrastructural giant in the near future.

Adani Ports and Special Economic Zone (APSEZ) on 5 October completed the acquisition of the Krishnapatnam Port Company (KPL) in Andhra Pradesh for an enterprise value of Rs 120 billion. But, this enterprise value is lower compared to the deal that APSEZ signed with KPL at the beginning of the year. Present enterprise value is 13 per cent lower than the original deal value of Rs 135 billion.This strategic and significant move will result in APSEZ having a controlling stake of 75 per cent in KPCL and will help in accelerating its progress towards 500 million tonnes cargo handling capacity by 2025.KPCL is a multi-cargo facility port situated in the southern part of Andhra Pradesh, the state with the second-largest coastline of in India. In FY21, KPCL is expected to generate an EBITDA (earnings before interest, tax, depreciation and amortisation) of approximately Rs 12 billion, resulting in an acquisition EV (enterprise value) or EBITDA multiple of 10.Andhra Pradesh government gave a green signal for this acquisition last month. APSEZ already control ports like Kattupalli and a terminal at the Kamarajar Port in Ennore, suburban Chennai. With this new addition, they will have 12 ports in their kitty and this will result in APSEZ controlling a third of the country’s total port capacity.The distance between Krishnapatnam and Bengaluru is 400 km and the port can help to attract industries even in Tamil Nadu’s industrial town of Hosur to export or import.Adani is also developing a deep seaport at Vizhinjam near Thiruvananthapuram which could help the company in offering a range of options to its users to connect with global destinations.With acquiring controlling stakes in some of the major airports such as Mumbai and aiming to become India’s largest private airport operator, Adani is on its way to emerge as an infrastructural giant in the near future.

Resources

09 Mar 2026

Haworth India Hosts Women’s Leadership Panel Series

Haworth India marked International Women’s Day by hosting a leadership roundtable series titled ‘Give to Gain’, bringing together senior women leaders from architecture and design firms, corporates and project management consultancies. The series has been conducted in Delhi and Mumbai, with upcoming sessions scheduled in Bengaluru and Hyderabad on 27 March 2026. Structured as moderated panel discussions followed by audience interaction, the initiative examined the business impact of women’s leadership and the role of inclusive workplaces in supporting professional growth. Manish Khan..

Real Estate

09 Mar 2026

Max Estates Secures RERA For Max One Project

Max Estates has secured RERA approval (UPRERA No.: UPRERAPRJ9759) for its Max One development around Max Towers in Sector 16B, Noida, bringing renewed progress to a project previously stalled following the insolvency of its earlier developer. Spread across around 10 acres with an estimated development potential of about 2.5 million sq ft, Max One is planned as an integrated mixed-use campus combining serviced residences, premium offices, retail spaces and a private club. The project is expected to generate total sales potential of about Rs 20 billion along with an estimated annuity rental inc..

Real Estate

09 Mar 2026

Hindware Introduces Starc Smart Wall Mount Toilet

Hindware has introduced the Starc Smart Wall-Mount Toilet under its Hindware Italian Collection, designed to combine automation, hygiene and contemporary bathroom aesthetics. The model features automatic flushing, sensor-based seat opening and closing, and remote-controlled functions. It also includes an oscillating water spray and warm air dryer for cleaning, along with a self-cleaning nozzle designed to maintain hygiene. Additional features include adjustable heated seating, customisable water temperature and pressure settings, a foot-touch flush system and an LCD control interface. The wa..