Adani buys Kattupalli Port

Adani buys Kattupalli Port

In a deal between two of India’s larger conglomerates a port on the nation’s east coast has changed hands. The Adani Group has bought Kattupalli Port in Tamil Nadu from Larsen and Toubro for an undisclosed sum.

The port, situated near Chennai, started operations nearly three years ago and has a box terminal with two berths and a 710 m quayside capable of handling up to 1.2m teu per year.

Adani is building a big box terminal at Ennore, 10 km away from Kattupalli, and the group’s chairman, Gautam Adani said in a release the acquisition of the latter was a strategic complement to Ennore.

Adani operates another seven ports across India.

Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.

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