APSEZ completes acquisition of Karaikal Port

Adani Ports and Special Economic Zone (APSEZ) has completed the acquisition of Karaikal port. The acquisition cost is Rs 14.85 billion. Besi­des, APSEZ will spend Rs 8.5 billion on upgrading infrastructure at the port. Karaikal port, commissioned in April 2009 and developed on an area of 600 hectares, is located near Karaikal in the union territory (UT) of Pu­du­cherry. It has handled various types of cargo including coal, sugar, ceme­nt, fertilisers, project cargo, agromals, liquid cargo and containers.