+
Adani Ports now owns 100% of Krishnapatnam Port Limited
PORTS & SHIPPING

Adani Ports now owns 100% of Krishnapatnam Port Limited

Adani Ports and Special Economic Zone Ltd (APSEZ) has acquired the remaining 25% stake in Krishnapatnam Port Ltd in Andhra Pradesh at a cost of Rs 2,800 crore from Vishwasamudra Holdings, making the port a wholly-owned subsidiary of the company.

Adani Group told the media that post-acquisition of the 25% stake for a cash consideration of Rs 2,800 crore, APSEZ's stake in Krishnapatnam port would increase to 100% from 75%.

Adani Group said with a waterfront of 20 km and 6,800 acres of land, Krishnapatnam port has a master plan capacity of 300 MMTPA and a 50-year concession.

The acquisition is subject to approvals under applicable laws, including approval of the Competition Commission of India (CCI), and the transaction is expected to be completed within three months. The company said the investment is in line with its strategy to increase its footprint in Andhra Pradesh.

Last month, APSEZ had said it would acquire a 58.1% stake in Gangavaram port, located in the northern part of Andhra Pradesh, from DVS Raju and family for Rs 3,604 crore, taking its total stake in the port to 89.6%.

The port is expected to have a volume of 38 mmt, a revenue of Rs 1,840 crore, and an EBITDA of Rs 1,325 crore in the fiscal year 2020-21. Its revenue stood at Rs 1,975 crore in 2019-20, and Rs 2,394 crore in 2018-19.

Krishnapatnam port is located on the east coast of India in the Nellore district of Andhra Pradesh, close to the Tamil Nadu border. It is an all-weather, deep water port with a multi-cargo facility and a current capacity of 64 MMTPA.

Image Source


Also read: APSEZ acquires 75 per cent stake in KPCL

Also read: Adani to acquire 58% stake in Gangavaram port

Adani Ports and Special Economic Zone Ltd (APSEZ) has acquired the remaining 25% stake in Krishnapatnam Port Ltd in Andhra Pradesh at a cost of Rs 2,800 crore from Vishwasamudra Holdings, making the port a wholly-owned subsidiary of the company. Adani Group told the media that post-acquisition of the 25% stake for a cash consideration of Rs 2,800 crore, APSEZ's stake in Krishnapatnam port would increase to 100% from 75%. Adani Group said with a waterfront of 20 km and 6,800 acres of land, Krishnapatnam port has a master plan capacity of 300 MMTPA and a 50-year concession. The acquisition is subject to approvals under applicable laws, including approval of the Competition Commission of India (CCI), and the transaction is expected to be completed within three months. The company said the investment is in line with its strategy to increase its footprint in Andhra Pradesh. Last month, APSEZ had said it would acquire a 58.1% stake in Gangavaram port, located in the northern part of Andhra Pradesh, from DVS Raju and family for Rs 3,604 crore, taking its total stake in the port to 89.6%. The port is expected to have a volume of 38 mmt, a revenue of Rs 1,840 crore, and an EBITDA of Rs 1,325 crore in the fiscal year 2020-21. Its revenue stood at Rs 1,975 crore in 2019-20, and Rs 2,394 crore in 2018-19. Krishnapatnam port is located on the east coast of India in the Nellore district of Andhra Pradesh, close to the Tamil Nadu border. It is an all-weather, deep water port with a multi-cargo facility and a current capacity of 64 MMTPA. Image Source Also read: APSEZ acquires 75 per cent stake in KPCL Also read: Adani to acquire 58% stake in Gangavaram port

Next Story
Real Estate

Heena Lalwani Buys Rs 1.13 Billion Juhu Apartment

Heena Lalwani, promoter of Aatman Innovations Private Limited, has purchased a luxury apartment worth Rs 1.13 billion in Mumbai’s upscale Juhu locality, according to property registration documents accessed by Zapkey.com.The 9,862 sq ft apartment, located on the 10th floor of Lodha Developers’ Avalon Tower, was acquired at Rs 115,000 per sq ft and comes with five car parking spaces. The deal, registered on 18 August 2025, also included the payment of Rs 68 million in stamp duty and a Rs 30,000 registration fee.Lodha Developers did not respond to queries regarding the transaction, while the..

Next Story
Real Estate

Godrej Buys KPHB Land for Rs 7 Billion in E-Auction

An acre of prime land in Kukatpally Housing Board (KPHB), Hyderabad, was auctioned for Rs 7 billion, with the Telangana Housing Board generating Rs 5.47 billion from the sale of 7.8 acres through e-auction on 20 August 2025.The auction notification was issued last month, attracting bids from Godrej Properties, Aurobindo Realty, Prestige Estates, and Ashoka Builders, according to Board vice-chairman V.P. Gautham. With an offset price of Rs 4 billion per acre, the three-hour auction saw 46 bid increases, before Godrej Properties acquired the land.Revenue generated from the auction will be utilis..

Next Story
Real Estate

HMDA to Auction 93 Prime Plots in September

The Hyderabad Metropolitan Development Authority (HMDA) is preparing to conduct a three-day auction of prime open plots across Hyderabad, Rangareddy, and Medchal-Malkajgiri districts this September.According to official reports, the e-auction will take place on 17, 18, and 19 September, offering 93 plots. Of these, 70 are located in the Bachupally HMDA layout, with the remainder spread across Turkayamjal, Kokapet, Poppalguda, Chandanagar, Bairagiguda, Gandi Maisamma, Suraram, Medipally, and Bachupally village.The highest upset price has been fixed at Rs 175,000 per square yard for a land parce..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?