TBA GroupViganTOC EventsTelestackPort of StocktonMultimodal 2022
  • Multimodal 2022
  • The Wolfson Centre for Bulk Solids Handling Technology
  • TOC Events
  • Cleveland Cascades Ltd
  • Van Aalst
  • Port of South Louisiana

Adani increases Krishnapatnam Port ownership

Adani increases Krishnapatnam Port ownership

(Posted on 06/04/21)

Adani Ports and Special Economic Zone  Ltd. (APSEZ), India’s largest private Ports & Logistics company and the flagship transportation arm of the diversified Adani Group, has announced the acquisition of the residual 25% stake in Adani Krishnapatnam Port Ltd., (Krishnapatnam Port) for Rs. 2,800 cr. This will result in APSEZ increasing its stake from 75% to 100% in Krishnapatnam Port.

Together with the 75% ownership acquired in October 2020, the acquisition implies an enterprise value of Rs. 13,675 cr implying an EV/ FY21 EBITDA multiple of 10.3x.

Krishnapatnam Port is located on the east coast of India in Nellore district of Andhra Pradesh (~180 km from Chennai Ports) close to the border between Andhra Pradesh and Tamil Nadu. Krishnapatnam Port is an all-weather, deep water port has multi-cargo facility with a current capacity of 64 MMTPA. 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 port is expected to have volumes of 38 MMT, revenues of Rs. 1,840 cr and EBITDA of Rs. 1,325 Cr in FY21. Since the acquisition, Krishnapatnam Port has focused on business process re-engineering which has resulted in EBITDA margins improving from 57% in FY20 to 72% in FY21.Mr. Karan Adani, Chief Executive Officer and Whole Time Director of APSEZ said, “The consolidation of our ownership in Krishnapatnam Port reinforces APSEZ’s stride towards 500 MMT by 2025 and achieving our broader strategy of cargo parity between west and east coasts of India. Krishnapatnam Port is on track to handle double the traffic by 2025 and will deliver high growth through a multi-product and cargo enhancement strategy while enhancing return on capital employed. We are confident that we will be able to double throughput and triple EBITDA at Krishnapatnam Port by 2025. We are committed to making Krishnapatnam Port the gateway port for South Andhra Pradesh and Karnataka. With its large industrial land backed with the port we will transform Krishnapatnam into a manufacturing and industrial hub.”

Latest News

Singapore and Rotterdam to establish world’s longest Green and Digital Shipping Corridor

(Posted on 05/08/22)

An MoU signed by Ms. Quah Ley Hoon, Chief Executive of MPA, and Mr Allard Castelein, CEO of the Port... Read more


JV to co-develop rail and port for Simandou iron ore project in Guinea

(Posted on 29/07/22)

The government of the Republic of Guinea, Winning Consortium Simandou (WCS) and Rio Tinto Simfer has... Read more


Angolan Government awards Lobito Corridor railway concession tender

(Posted on 25/07/22)

The Ministry of Transport of the Government of Angola has announced the award of the concession tender... Read more


Castaloop expands ops at new Illinois terminal

(Posted on 22/07/22)

Castaloop USA, Inc., a subsidiary of Logistec Stevedoring Inc., have announced the opening of a new... Read more


TBA and Peel Ports extend 23-year relationship

(Posted on 18/07/22)

TBA Group is pleased to announce that Peel Ports Group have signed a framework agreement that will see... Read more


North Sea Port sees transhipment rise by 10%

(Posted on 18/07/22)

In the first quarter of 2022, the businesses in North Sea Port recorded 37.5 million tons of seaborne... Read more


Duisport and Amsterdam join forces to develop green network

(Posted on 01/07/22)

Port of Amsterdam and duisport will expand their long-lasting cooperation, as Markus Bangen, CEO at... Read more


AD Ports to acquire majority stakes in Transmar and Transcargo International

(Posted on 01/07/22)

AD Ports Group, the vertically integrated trade enabler, has announced that it has reached an agreement... Read more


New Cargill waste-based biodiesel plant at North Sea Port

(Posted on 26/06/22)

Cargill has opened its first state-of-the-art biodiesel plant that converts waste oils and fats into... Read more


Collaboration between Rotterdam and Baie-Comeau ports

(Posted on 20/06/22)

The port of Rotterdam in the Netherlands and the Port of Baie Comeau in Canada have agreed to jointly... Read more


Sailors SocietyBühler GmbHPort of South LouisianaThe Wolfson Centre for Bulk Solids Handling Technology CimbriaVan Aalst
  • Vigan
  • Telestack

Subscribe to our newsletter

Keep up to date with the latest global news in bulk cargo handling and shipping