Andhra decides to sell stake in Gangavaram Port to Adani for Rs. 645 cr.

Andhra Pradesh government has decided to sell its 10.4% stake in Gangavaram Port in favour of Adani Ports and Special Economic Zone (APSEZ) for around Rs. 645 crore.

The Cabinet meeting of the YS Jagan Mohan Reddy government held recent evening, has also approved the request of APSEZ to merge with itself the modern deep sea port located on the east coast at Visakhapatnam.

ET