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Adani Ports to sell its 49% stake in group company

Adani Ports is divesting its 49% stake in Adani Ennore Container Terminal (AECTPL) to Terminal Investment (TiL) for Rs 247 crore.
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The box terminal located at Kamarajar Port in Ennore, 24km from Chennai, handles multiple types of cargo. AECTPL with concession ending in 2044 has an annual capacity of 0.8 million TEUs, which can be expanded to 1.4 million TEUs annually. The company entered into a pact with Mundi, an indirect subsidiary of TiL and associate of Mediterranean Shipping Company.

Adani Ennore Container Terminal (AECT) is a state-of-the art box terminal 30 km north of Chennai Port. Located strategically AECT offers 24×7 congestion-free approach roads for seamless cargo movement and on-dock rail siding services to Bengaluru presenting deep hinterland reach. It’s also well connected to all Container Freight Stations (CFSs) in the primary hinterland of Chennai and 4 National Highways.

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