Heavy Lift Across the World

Adani takes Kattupalli stake

Adani Ports and Special Economic Zone (APSEZ) has acquired 97 percent of the shares of Marine Infrastructure Developer Private Limited (MIDPL), the developer and operator of Kattupalli port in India.

 

The share purchase agreement with Larsen and Toubro, MIDPL, L&T Shipbuilding and Adani Kattupalli Port Private Limited, will see APSEZ transform Kattupalli into a multi-commodity port, capable of handling containers, automobiles, breakbulk, general cargo, liquid cargo and project cargo.

APSEZ said there is space for expansion at Kattupalli port, if required; presently the port has two berths with a quay length of 710 m, six quay cranes and 15 rubber-tyred gantry cranes.

“Adani Ports is committed to make Kattupalli port one of the largest ports in southern India,” said Karan Adani, APSEZ ceo. He added that construction works to diversify the cargo mix would add new capacity to the port over the next three years.

“We are confident that with our superior infrastructure and efficient handling of cargo we will be able to reduce logistics cost of industries in the region and be one of the engines of growth.”

www.adaniports.com

Heavy Lift | News

XLP members on the move

August 15 - Westdijk has transported a 98-ton (88.9-tonne) transformer from Ludvika to port of Gothenburg, Sweden on behalf of ABB.
Views: 425

Volga-Dnepr inks BRI agreement

August 10 - Russia's Volga-Dnepr Group has signed a framework agreement with China’s Henan Airport Group and Zhongyuan Asset Management to strengthen their cooperation through the creation of a trans-Siberian air bridge.
Views: 636

Maersk handles wind shipment

August 8 - Maersk Line has transported wind turbine blades, measuring 103 ft (31.4 m) in length, from Krishnapatnam, India to Tianjin, China.
Views: 819

Heavy Lift Across The World

Discover heavy lift and project logistics industry news from around the world by region.