date:Jan 09, 2020
in Krishnapatnam Port Co Ltd for an enterprise value of ?135.72 billion ($1.89 billion). The deal will take its domestic market share to 27% from 22% on a pan-India basis, the company said here in a filing to exchanges.
The port, located in the south eastern state of Andhra Pradesh, is the second-largest private sector port in India and handled 54 MMT of cargo in 2019.
APSEZ will target to enhance cargo volume at KPCL to 100 million metric tonnes (MMT) in around 7 years and will double its EB