CCI nods Adani Ports’ 10.4% stake acquisition in Gangavaram Port

22 Sep 2021 CW Team

Adani Ports and Special Economic Zone (APSEZ) has received approval from the Competition Commission of India (CCI) to acquire a majority stake in Gangavaram Port Limited.

According to a combination notice filed with the regulator, the 10.4% equity shareholding would be acquired from the government of Andhra Pradesh.

Adani Ports and Special Economic Zone operates 11 domestic ports in Gujarat, Goa, Kerala, Andhra Pradesh, Tamil Nadu, and Odisha, among other maritime states.

According to the notice, the Gangavaram Port has been contracted to own, develop, and operate a deep-water port in Gangavaram, Andhra Pradesh, under a build-own-operate-transfer (BOOT) concession agreement with the state government.

CCI is the competition authority in India. It is a government statutory body charged with enforcing the Competition Act, 2002, promoting competition across the country, and preventing activities that have a significant negative impact on competition in India.

Image Source

Also read: Andhra govt nods Adani Ports' bid to buy stake in Gangavaram Port

Also read: Unions protest Gangavaram port sale to Adani Port and SEZ

Infrastructure Urban

02 Jun 2026

VECV Sales Rise 7.8 Per Cent In May 2026

VE Commercial Vehicles recorded sales of 7,978 units in May 2026, compared to 7,401 units in May 2025, registering growth of 7.8 per cent. This included 7,789 units from the Eicher brand and 189 units from the Volvo brand.Eicher branded trucks and buses reported sales of 7,789 units during the month, up 7.3 per cent from 7,258 units a year earlier. In the domestic commercial vehicle market, Eicher sales rose 9.1 per cent to 7,375 units from 6,758 units in May 2025.Exports declined 17.2 per cent to 414 units from 500 units in the corresponding month last year. Volvo Trucks and Volvo Buses recor..

Table Space Strengthens DESYN Leadership Team

Table Space has announced strategic leadership appointments within DESYN, its integrated Design and Build business, as it looks to strengthen operations across key enterprise and GCC markets in India. DESYN was launched as a strategic extension of Table Space’s workspace solutions portfolio to meet rising demand for agile, high-quality and rapidly deployable enterprise workspaces.Shruti Ookabhoy has joined DESYN as Executive Director and will lead the Design vertical, focusing on design capability, operational excellence and team development across markets. She brings over 22 years of experi..

Concord Associate Bags Rs 2.79 Bn Kavach Order

Concord Control Systems said its associate company, Progota India, has received a Rs 2.79 bn domestic order from Indian Railways for the supply, installation, testing and commissioning of on-board Kavach 4.0 loco equipment.The order is scheduled for execution within 12 months and strengthens Concord’s role in India’s railway safety and signalling ecosystem. Kavach is India’s indigenous automatic train protection system, designed to improve operational safety by helping prevent signal passing at danger and reducing collision risks.Gaurav Lath, Joint Managing Director, Concord Control Syst..