Adani Ports and Special Economic Zone Ltd, (APSEZ) Friday announced that it has executed a share purchase agreement with Larsen and ToubroNSE 1.54 % Limited to 97% shares of the Kattupalli Port, Tamil Nadu.
Kattupalli is located 30 kilometers towards north of Chennai and has connectivity with hinterland of North Tamilnadu, Chennai, Bangalore region and South Andhra Pradesh.
“We are going to start our construction to diversify the cargo of the port and will be adding 40 MMT of new capacity in next 3 years,” said CEO Karan Adani.
A statement said APSEZ plans to transform Kattupalli into a multi commodity port to handle cargoes like containers, automobiles, break bulk, general cargo, liquid cargo and project cargo.
Presently the port has two berths with quay length of 710 meters, 6 Quay cranes, 15 RTG cranes, 5120 ground slots with the capacity to handle 1.2 million TEUs per annum.
