Adani Ports and Special Economic Zone Ltd (APSEZ) is set to purchase an under-development greenfield business port in Kakinada and the connecting SEZ situated at Kona town in Thondangi mandal of East Godavari area, advanced by the Hyderabad-based GMR Group. APSEZ, as indicated by numerous sources, will assume control over the port and the SEZ completely from the GMR Group. BusinessLine couldn't freely find out the estimation of the arrangement, however the port improvement alone, including break water development, channel and billets, is assessed to cost upwards of ₹2,500 crore. 

This could be APSEZ's second large obtaining in the ports division in Andhra Pradesh on the nation's eastern coast after the January 3 declaration of an arrangement to purchase a 75 percent stake in Krishnapatnam Port Company Ltd, the element that runs a private profound water port at Krishnapatnam in Andhra Pradesh's Nellore locale, for an undertaking estimation of ₹13,500 crore. The value bit of the Krishnapatnam bargain (barring the obligation held by the port working organization of about ₹7,500 crore) is esteemed at about ₹6,000 crore, of which APSEZ paid about ₹4,500 crore, as per individuals acquainted with the arrangement. 

The twin acquisitions will help APSEZ grow its quality in Andhra Pradesh where it has constrained nearness now with just a dry mass freight dealing with terminal at the Central government-claimed Visakhapatnam Port Trust. The procurement of the up and coming Kakinada Port and the SEZ would reinforce APSEZ's portfolio along the eastern coast where it works ports and terminals — Dhamra in Orissa, Kattupalli and Kamarajar in Tamil Nadu and Krishnapatnam in Andhra Pradesh. Excepting its Vizag office, where the levies are managed by the rate controller for significant port trusts, the rest of the offices have opportunity to set rates dependent on showcase powers.