Adani Krishnapatnam Port

Adani Krishnapatnam Port in Andhra Pradesh today unveiled an advanced cargo handling system, which will enhance its existing capacity and productivity, the company said.

Adani Krishnapatnam Port Pvt Siding Ltd of South Central Railway zone's Vijayawada Division has logged highest ever, 12.95 MT, coal loading milestone in 2022-23, said an official.

Adani Ports Share Price Today: Adani Ports opened on the BSE at Rs 759, touching an intra day high of Rs 814.95 and an intraday low of Rs 743.20, in the trading session so far.

Last month, Adani Ports had acquired controlling stake in Gangavaram Port (GPL) in Andhra Pradesh from DVS Raju Family for Rs 3,604 crore.

Adani Ports will purchase 75% of Krishnapatnam Port Co. in Andhra Pradesh, it said in an exchange filing on Friday. Adani Ports, controlled by billionaire Gautam Adani, will buy the stake from the existing shareholders of Krishnapatnam Port with cash and internal resources, according to the statement.

"APSEZ will target to enhance cargo volume at KPCL to 100 million metric tonnes (MMT) in around 7 years and will double its EBIDTA in around 4 years," said Karan Adani, chief executive officer of APSEZ. The KPCL deal will help APSEZ meet its target of handling 400 MMT of cargo by 2025, the logistics arm of the Adani Group said.

Adani Krishnapatnam Port in Andhra Pradesh today unveiled an advanced cargo handling system, which will enhance its existing capacity and productivity, the company said.

Adani Krishnapatnam Port Pvt Siding Ltd of South Central Railway zone's Vijayawada Division has logged highest ever, 12.95 MT, coal loading milestone in 2022-23, said an official.

Adani Ports Share Price Today: Adani Ports opened on the BSE at Rs 759, touching an intra day high of Rs 814.95 and an intraday low of Rs 743.20, in the trading session so far.

Last month, Adani Ports had acquired controlling stake in Gangavaram Port (GPL) in Andhra Pradesh from DVS Raju Family for Rs 3,604 crore.

Adani Ports will purchase 75% of Krishnapatnam Port Co. in Andhra Pradesh, it said in an exchange filing on Friday. Adani Ports, controlled by billionaire Gautam Adani, will buy the stake from the existing shareholders of Krishnapatnam Port with cash and internal resources, according to the statement.

"APSEZ will target to enhance cargo volume at KPCL to 100 million metric tonnes (MMT) in around 7 years and will double its EBIDTA in around 4 years," said Karan Adani, chief executive officer of APSEZ. The KPCL deal will help APSEZ meet its target of handling 400 MMT of cargo by 2025, the logistics arm of the Adani Group said.