The Competition Commission of India (CCI) has approved the acquisition of Krishnapatnam Port Company Limited (KPCL) by Adani Ports and Special Economic Zone Limited (SEZL).
About:
Krishnapatnam Port is a privately built and owned all weather, deep water port on the east coast of India, located in the Nellore District of Andhra Pradesh.
KPCL is engaged as a developer and operator of the deep water port at Krishnapatnam, Andhra Pradesh.
Adani Ports is an integrated port infrastructure services provider currently present across ten domestic ports in six maritime states of Gujarat, Goa, Kerala, Andhra Pradesh, Tamil Nadu and Odisha.
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