Non – Binding Memorandum of Understanding has been signed between Adani Ports and Special Economic Zone (APSEZ) and Larsen & Toubro (L&T) to supervise the operations of Kattupalli Port in Tamil Nadu.
According to MoU Adani will be responsible for EBIDTA (Earnings before Interest, Taxes, Depreciation and Amortization)gains and losses arising from the port operation.
- Adani group $10 billion APSEZ operates ports in Mundra, Hazira, Tuna-Tekra (Kandla) and Dahej in Gujarat, Dhamra in Odisha and specialised coal handling facilities in Mormugao in Goa and Visakhapatnam in Andhra Pradesh. It is setting up a container terminal at Ennore in Tamil Nadu.
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