02JUL2018 - NEWS - Adani Ports and Special Economic Zone to buy 97% share in MIDPL which operates Kattupalli Port in Chennai, India

Adani Ports and Special Economic Zone (APSEZ) has recently executed a share purchase agreement with Larsen and Toubro to purchase a 97% share in Marine Infrastructure Developer (MIDPL), which operates Kattupalli Port in Chennai, India. Kattupalli Port is equipped with two berths with a quay length of 710m and it also has six quay cranes, 15 rubber-tyred gantry (RTG) cranes, 5,120 ground slots with the capacity to handle 1.2 million twenty-foot equivalent units (TEUs) of cargo annually.