The Indian government extended Adani Group’s Krishnapatnam Port permit for petroleum imports until March 1, 2026, citing “public interest” and its strategic regional importance.
The Ministry of Ports, Shipping, and Waterways announces the extension for Krishnapatnam Port (Adani Krishnapatnam Port Ltd) to import petrol by sea from 25.08.2024 to 01.03.2026 based upon public interest and on considerations by Navigational Safety at Ports Committee.
Adani Ports’ shares gained more than 1% intraday on the Bombay Stock Exchange after the declaration.
It has augmented its operations with an advanced cargo handling system since August 2024. The port says it enhances container and bulk cargo management with automated tracking, real-time analysis, and improved logistics, thereby enhancing efficiency, accuracy, and cost-effectiveness, besides making the system safer.
Krishnapatnam Port, one of India’s largest private ports, has a capacity of 64 million tonnes annually. Adani Ports and Special Economic Zone Limited (APSEZ) first acquired a 75% stake in Krishnapatnam Port Company Limited (KPCL) in 2020 and later secured full ownership in 2021 by purchasing the remaining 25% stake for ₹2,800 crore. This extension and technological upgrade further solidify the port’s pivotal role in India’s maritime infrastructure.
