Budget 2018-19

  As part of this partnership, Adani Logistics will construct a 534,000 sq. ft. fulfilment centre in Mumbai that will be leased to Flipkart Flipkart  has signed a strategic and commercial partnership with the Adani Group to strengthen the e-commerce company’s supply chain, the two announced on Monday. Flipkart will work with Adani Logistics, which is owned by Adani Ports & Special Economic Zone Limited. In addition, Flipkart will set up its third data centre at Adaniconnex Private Limited’s facility in Chennai. Adaniconnex is a new joint venture between EdgeConneX and Adani Enterprises Limited. As part of this partnership, Adani Logistics will construct a 534,000 sq. ft. fulfilment centre at its upcoming logistics hub in Mumbai that will be leased to Flipkart to address the growing demand for e-commerce in Western India. “The Adani Group is unmatched in the way it has gone about building infrastructure across India. What it brought to us was a unique combination of logisti...

  In FY21, the port is expected to generate an EBITDA of approximately Rs.1,200 crore resulting in an acquisition EV/ EBITDA multiple of 10x In one of the biggest acquisitions in logistics segment, Adani Ports and Special Economic Zone Limited (“APSEZ”), India’s largest port developer, today completed the acquisition of Krishnapatnam Port Company Ltd., (KPCL) for an enterprise valuation of Rs. 12,000 crore. APSEZ will buy a controlling stake of 75 per cent in KPCL from the CVR Group and other investors. In FY21, the port is expected to generate an EBITDA of approximately Rs.1,200 crore resulting in an acquisition EV/ EBITDA multiple of 10x. KPCL operates a multi-cargo facility port situated in the southern part of Andhra Pradesh. This acquisition will accelerate APSEZ’s target to 500 MMT of capacity by 2025 and is another step in implementing APSEZ’s stated strategy of cargo parity between west and east coasts of India. Karan Adani, Chief Executive Officer and Whole Time Director o...