Adani Group acquires 97% stake in Kattupalli Port
New Delhi, June 28: Adani Ports on Thursday acquired 97 per cent stake in Marine Infrastructure Developer Pvt Ltd (MIDPL), the developer and operator of Kattupalli Port near Chennai.
Adani Ports, India's largest port developer and part of the Adani Group, said in a statement that it executed share purchase agreement with Larsen and Toubro (L&T) and MIDPL to acquire the stake.
Located 30 km towards north of Chennai, the Kattupalli Port is one of the most modern ports in the country which provides connectivity with hinterland of north Tamil Nadu, Chennai, the Bengaluru region and south Andhra Pradesh.
Karan Adani, CEO of Adani Ports and Special Economic Zone Ltd, said the Tamil Nadu government and the Commerce Ministry gave approvals for the acquisition in record time and his firm was committed to make Kattupalli port one of the largest ports in southern India.
"We are going to start our construction to diversify the cargo of the port and will be adding 40 MMT (million metric ton) of new capacity in next three years," he said.
The company said in a statement that it plans to transform the port into a multi commodity port to handle cargo like containers, automobiles, break bulk, general cargo, liquid cargo and project cargo.
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Subrata Gupta, EC's special observer for SIR, appointed West Bengal CM's advisor
Kolkata (PTI): Retired IAS officer Subrata Gupta was on Saturday appointed the advisor to West Bengal Chief Minister Suvendu Adhikari, according to a notification.
Gupta, an officer of the 1990 batch, was engaged by the Election Commission in November last year as the Special Roll Observer for the SIR exercise, held prior to the recently-concluded assembly elections.
"Gupta's vast experience is expected to help the new administration in policy coordination and governance-related matters," an official said.
The new BJP government also appointed IAS officer Shantanu Bala as the chief minister's private secretary, according to another notification.
Bala, an officer of the 2017 batch, was the additional district magistrate of South 24 Parganas in his last assignment.
"His appointment is part of the restructuring of the Chief Minister's Office following the change in government," another official said.
Both officers have been asked to take charge of their new assignments immediately, according to the notifications.
The government also transferred 46 WBCS (Executive) officers, who had been posted as private secretaries and officers on special duty (OSDs) to ministers in the TMC dispensation.
The government also reassigned 16 officers posted in the Chief Minister's Office.
