Adani New Deal: Gautam Adani will now acquire this company, the deal will be finalized for Rs 835 crore

Posted on 17th Aug 2022 03:15 pm by rohit kumar

The success of Gautam Adani, the world's fourth richest businessman, continues. They are making their presence felt in new sectors one after the other. He has added a new link to his list of successes. According to reports, Adani's company Adani Logistics has made an important deal for Rs 835 crore. This deal has been done to acquire Inland Container Depot (ICD) Tumb.

 

Adani Logistics, a subsidiary of Adani Ports and Special Economic Zone Limited, has said that it has entered into an agreement with Navkar Corporation for the acquisition of ICD Tumb for Rs 835 crore.

 

According to media reports, ICD Tumb is the largest in-land container depot. It has a capacity of 0.5 million or five million TEUs. The ICD is located between the strategically important Hazira port and the Nhava Sheva port.

 

Adani Logistics has said that this deal will prove to help increase the company's capacity and cargo in the future. The company has also informed that the deal includes four rail handling lines attached to Western DFC near Tumb ICD and a private freight terminal.

 

Karan Adani, CEO of Adani Ports and Special Economic Zone Limited (APSEZ), said that the acquisition of Tumb, one of the country's largest ICDs, will strengthen the company's plans. "This acquisition will complement our transformation strategy to become a transport utility and move us closer to our objective of providing economical door-to-door services to our customers," he added.

Other news

Yemen: No ceasefire extended in Yemen, India expressed deep disappointment, Indian envoy to the UN said this

India has expressed deep disappointment over the non-extension of the ceasefire between the Yemen

Top 5 reasons for Team India's defeat: Economy of our five bowlers remained above 11, three catches were dropped; star batsman flop

Australia defeated India by 4 wickets in the first match of the three-match T20I series. Despite

5G support will be available on all iPhone models on this day, the report revealed, know full details

Apple iPhone 5G Service: 5G service has been rolled out in India. Airtel and Jio companies have l

The deteriorating relations between Iran and Israel: From recognition to friendship and then enmity, read the whole story.

Iran-Israel Conflict: Iran and Israel have been at loggerheads for the past several days. This te

Captaincy of Mumbai Indians should be handed over to Rohit Sharma again, former Indian player gave a frank statement

Former Indian team batsman Manoj Tiwari said that Mumbai Indians should hand over the captaincy b

Record Rs 12.11 trillion transactions from UPI in the festive month of October, see details

UPI Transactions: The Unified Payments Interface (UPI) platform processed 7.3 billion transaction

IND vs AFG: Captain Rohit Sharma got a special achievement by registering a win against Afghanistan, equaling MS Dhoni's big record.

Rohit Sharma equals MS Dhoni's record for most wins in T20I as Indian Captain: Indian captain Roh

Modi Surname Case: Hearing on Rahul's petition now on August 4; Supreme Court notice to Gujarat government and others

The Supreme Court on Friday heard Congress leader Rahul Gandhi's petition in the defamation case

Michelle Yeoh became the first Asian woman to win the Best Actress Oscar, the journey of the actress from Malaysia to Hollywood

The Oscar Awards have been announced. Natu Natu Song from the Indian film RRR won the award for B

Coronary Stent: Coronary stent is included in the list of essential drugs, and the price is expected to reduce

Taking an important decision, the Union Health Ministry has included Coronary Stents in the list