CHENNAI: Adani Ports is divesting its 49% stake in Adani Ennore Container Terminal (AECTPL) to Terminal Funding (TiL) for Rs 247 crore.
The field terminal situated at Kamarajar Port in Ennore, 24km from Chennai, handles a number of varieties of cargo. AECTPL with concession ending in 2044 has an annual capability of 0.8 million TEUs (twenty-foot equal models), which might be expanded to 1.4 million TEUs (yearly).The corporate entered right into a pact withMundi, an oblique subsidiary of TiL and affiliate of Mediterranean Transport.
The field terminal situated at Kamarajar Port in Ennore, 24km from Chennai, handles a number of varieties of cargo. AECTPL with concession ending in 2044 has an annual capability of 0.8 million TEUs (twenty-foot equal models), which might be expanded to 1.4 million TEUs (yearly).The corporate entered right into a pact withMundi, an oblique subsidiary of TiL and affiliate of Mediterranean Transport.
