Adani Ports completes acquisition of Karaikkal Port

Adani Ports and Special Economic Zone (APSEZ) Limited has completed the acquisition of Karaikal Port. The acquisition cost is Rs 14.85 billion. Besides, APSEZ will spend Rs 8.5 billion in upgrading the port infrastructure. Karaikal Port, commissioned in April 2009 and developed on an area of 600 hectares, is located near the town of Karaikal in the Union Territory of Puducherry.