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APSEZ acquires remaining 25% stake of Krishnapatnam Port

This will result in Adani Ports and Special Economic Zone (APSEZ) increasing its stake from 75% to 100% in Krishnapatnam Port.APSEZ announced the acquisition of the residual 25% stake in Adani Krishnapatnam Port for Rs 2,800 crore from Vishwa Samudra Holdings. Together with the 75% ownership acquired in October 2020, the acquisition implies an enterprise value of Rs 13,675 cr implying an EV/ FY21 EBITDA multiple of 10.3x.
Krishnapatnam Port being India s second largest private sector port has a strong growth potential with a masterplan capacity of 300 MMTPA. The investment is in line with company s strategy to increase its footprint in Andhra Pradesh.
Krishnapatnam Port is engaged in the business of handling containers, coal, break bulk and other bulk cargo including liquid cargo. Krishnapatnam Port is an all-weather, deep water port has multi-cargo facility with a current capacity of 64 MMTPA (million metric tonnes per annum). With a waterfront of 20 km and 6,800 acres o ....

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what to buy: Should you be bullish on metals and realty now?

Explore Now
“I expect to see the momentum continuing and it is largely a buy on the real estate sector,” says independent market analyst
It seems metals are going to have a longer run than previously anticipated. What’s your view?
I had said earlier that it is not a long haul and that near term, the performance will continue because people are underestimating the kind of price rise that can be sustained when a commodity turns around and starts to move up in price. When I mean long haul, I am talking about five years and when I am talking about short term, it is anywhere from six months to a year and a half. In that period, metals will continue to do reasonably well. ....

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Why Buhari's trip for medical check-up is shameful, by HURIWA | The Guardian Nigeria News - Nigeria and World NewsNigeria — The Guardian Nigeria News – Nigeria and World News

Why Buhari's trip for medical check-up is shameful, by HURIWA | The Guardian Nigeria News - Nigeria and World NewsNigeria — The Guardian Nigeria News – Nigeria and World News
guardian.ng - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from guardian.ng Daily Mail and Mail on Sunday newspapers.

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IPOB kills 13 northern traders in Enugu, Imo in one week

Vice President, Prof. Yemi Osinbajo, on Sunday, preached peace on a visit to Abakaliki, the Ebonyi State capital where he condoled the people and government of the state over last Monday’s killings in Egedegede, Ishielu Local Government Area.
In the latest attack on civilians of northern extraction, four butchers were gunned down by assailants in military camouflage who stormed the Afor Umuaka market around 8:30 pm on Saturday.
In Enugu, last Monday, at least six persons were killed during a targeted attack at Adani Community in Uzo-Uwani Local Government Area of Enugu State.
One of the victims was a prominent Hausa trader, said to have resided in the area for over 30 years. ....

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Adani Enterprises subsidiary bags road project from NHAI

Adani Road Transport, a wholly-owned subsidiary of Adani Enterprises, secured a road project worth Rs 2,020.93 crore.The order entails six laning of National Corridor NH-19 from Panagarh to Palsit in West Bengal under Bharatmala Pariyojana to be executed on BOT-(Toll) basis. The concession period is 20 years including contruction period of 2.5 years.
With this project award, Adani Group will have total nine NHAI road projects under HAM, toll-operate-transfer (TOT) and build-operate-transfer (BOT)-Toll basis in Chhattisgarh, Telangana, Andhra Pradesh, Madhya Pradesh, Kerala, Gujarat and West Bengal.
Meanwhile, Adani Enterprises along with its wholly owned subsidiary company, Gare Palma II Collieries (GPIICPL) has signed coal mining agreement (CMA) with Maharashtra State Power Generation Company (MAHAGENCO) for development and operation of Gare Palma Sector II Coal Mine. ....

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