Wait...

Online Export Import Data Search

Recent Searches: No Recent Searches
Complete Training Video : Click Here

Adani Ports sets eyes on GMR Group's greenfield port/SEZ in Kakinada: Report.


Date: 24-01-2020
Subject: Adani Ports sets eyes on GMR Group's greenfield port/SEZ in Kakinada: Report
After acquiring a stake in the Krishnapatnam Port Company (KPCL) earlier this month, Adani Ports and Special Economic Zone Limited (APSEZ) has now set its eyes on a greenfield commercial port in Kakinada, The Hindu BusinessLine reported.

In addition, the Adani arm is also looking to buy the adjoining SEZ at Kona village in the East Godavari district, both of which are promoted by the GMR Group.

Moneycontrol has not independently verified the report.

The GMR Group-run Kakinada Gateway Port, which is a promoter of the Kakinada SEZ, had signed a deal with the Andhra Pradesh government to build the greenfield port on a design, build, finance, operate and transfer basis. The Kakinada SEZ was also awarded a concession period of 30 years by the state government to run the port.

As per the report, the SEZ and the port will be completely taken over by APSEZ from the GMR Group.

The Adani arm had on January 3 announced its decision to acquire a 75 percent stake in KPCL, which runs a deep-water port in Krishnapatnam in the state's Nellore district.

This deal with GMR, if it were to go through, would be APSEZ's second big move in the ports sector. It would also give Adani a huge parcel of land, and a license to build a port located strategically in the heart of India's east coast.

Adani is India’s largest private port operator which runs 10 domestic ports in Gujarat, Goa, Kerala, Andhra Pradesh, Tamil Nadu and Odisha with a capacity to operate 378 million metric tonnes of cargo.

Source: moneycontrol.com

Get Sample Now

Which service(s) are you interested in?
 Export Data
 Import Data
 Both
 Buyers
 Suppliers
 Both
OR
 Exim Help
+


What is New?

Date: 04-03-2021
Notification No. 26/2021 - Customs (N.T.)
Exchange rate Notification No.26/2021-Cus (NT) dated 04.03.2021.

Date: 03-03-2021
Notification No. 11/2021 -Customs (ADD)
Seeks to further amend notification No. 6/2016-Customs (ADD) dated 8th March, 2016 to extend the levy of Anti-Dumping duty on Phenol originating in or exported from European Union and Singapore, up to and inclusive of 7th June, 2021.

Date: 02-03-2021
Trade Notice No. 45/2020-21
Procedure and Criteria for submission and approval of applications for export of Diagnostic Kits and their components/laboratory reagents

Date: 01-03-2021
Trade Notice No. 44/2015-2020-DGFT
Online Module for Adjudication, Appeal, Review proceedings under Foreign Trade (Development & Regulation) Act, 1992, ('the Act') as amended and Foreign Trade (Regulation) Rules, 1993, ('the Rules') as amended.

Date: 28-02-2021
Notification No. 04/2021 – Central Tax
Seeks to extend the time limit for furnishing of the annual return specified under section 44 of CGST Act, 2017 for the financial year 2019-20 till 31.03.2021.

Date: 26-02-2021
A.P. (DIR Series) Circular No. 12
Investment by Foreign Portfolio Investors (FPI) in Defaulted Bonds - Relaxations

Date: 26-02-2021
Notification No. 25/2021-CUSTOMS (N.T.)
Tariff Notification in respect of Fixation of Tariff Value of Edible Oils, Brass Scrap, Poppy Seed, Areca nut, Gold & Silver - reg.

Date: 25-02-2021
Notification No. 09/2021 -Customs (ADD)
Seeks to amend notification no 29/2017-Customs (ADD) dated 14.06.2017 so as to extend the said notification up to 28.06.2021.

Date: 25-02-2021
Notification No. 10/2021-Customs (ADD)
Seeks to further amend notification No. 2/2016-Customs (ADD) dated 28th Jan, 2016 to extend the levy of Anti-Dumping duty on Melamine originating in or exported from China PR, up to and inclusive of 31st March, 2021.

Date: 25-02-2021
Public Notice No. 40/2015-20
Amendment in Appendix 1B, Hand Book of Procedure 2015-20



Exim Guru Copyright © 1999-2021 Exim Guru. All Rights Reserved.
The information presented on the site is believed to be accurate. However, InfodriveIndia takes no legal responsibilities for the validity of the information.
Please read our Terms of Use and Privacy Policy before you use this Export Import Data Directory.

EximGuru.com

C/o InfodriveIndia Pvt Ltd
F-19, Pocket F, Okhla Phase-I
Okhla Industrial Area
New Delhi - 110020, India
Phone : 011 - 40703001