CURRENT AFFAIRS

Detailed explanation-1: -’ At present, Adani Ports is expanding the cargo-handling capacity of Kattupalli Port after acquiring 97 per cent equity stake in MIDPL – the joint venture partner of Tamil Nadu government in the public-private partnership sea port project – at a cost of Rs 1950 crore (US $259 million).

Detailed explanation-2: -Adani ports and special economic zone (APSEZ) acquired Kattupalli Port from L&T in June 2018 and renamed it as Adani Katupalli Port Private Limited (AKPPL).

Detailed explanation-3: -A consortium led by India’s Adani Group has completed the purchase of Haifa Port in northern Israel for 4 billion shekels ($1.15 billion), Israel’s Finance Ministry said on Tuesday.