Published On:July 29 2014
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Adani Ports and Special Economic Zone plans expansion in India and abroad, may consider tie-ups.
Adani Ports and Special Economic Zone (APSEZ), India's largest private port operator, is eyeing opportunities to acquire or set up a port on the south-east coast of India, as it prepares for the next phase of expansion, its chief executive Sudipta Bhattacharya told ET.
The Gautam Adani-led company also wants to expand presence overseas, and may consider partnering with another company for the foray.
'We are looking at national as well as international opportunities. Both are on the cards. We are by far the largest growth company in the country and it is natural that we will look for opportunities elsewhere too,' said Bhattacharya.
Adani Ports, whose market value doubled in the last one year, has moved from being a single location port with just Mundra in Gujarat to being a multi-location port company with presence at eight different locations in three years. It recently acquired Dhamra Port in Odisha with an enterprise value of Rs 5,500 crore.
ET