Adani Ports signs an agreement with L&T for Kattupalli Port Operations [ Current Affairs ]


About Kattupalli Port Operations: Kattupalli Port Operations includes Kattupalli Shipyard cum Caged Port Complex. It is large boatyard project at Kattupalli village near Ennore of Chennai. It is constructed by L&T Shipbuilding Limited. It is setting up by TIDCO and Larsen & Toubro (L&T) in two levels.

About Adani Ports:

  • Adani Ports are India’s largest private multi - port operators.
  • Adani Ports includes National and International ports:

National Ports:

  • Mundra Ports
  • Adani Hazira Port Pvt. Ltd
  • Adani Petronet (Dahej) Port Pvt. Ltd
  • Adani Murmugao Port Pvt. Ltd. (Goa)
  • Adani Vizag Coal Terminal Pvt. Ltd. In Vishakhapatnam (AP)
  • Adani Kandla Bulk Terminal Pvt. Ltd
  • Adani Dhamra Port
  • Adani Ennore Port

International Ports:

  • Adani Abbot Point Terminal 1 in Australia.
  • Adani Abbot Point Terminal 0 Project
  • Dudgeon Point Coal Terminal Project
  • Bunyu in Indonesia

About the agreement:

  • Adani Ports and Special Economic Zone has signed an agreement with Larsen & Toubro (L&T) to manage actions of Kattupalli Port in Tamil Nadu.
  • In this agreement Adani Ports will be responsible for EBIDTA improvements and rising losses from the port operation for this period.
  • EBIDTA stands for Earnings Before Interest, Depreciation, Taxes and Amortization.
  • It measures a company’s annual earnings before the removal of interest payments, taxes, depreciation, and amortization.

- Published on: October 6, 2015