Adani Ports and Special Economic Zone (APSEZ) has reportedly secured backing from a lenders’ panel to acquire bankrupt Karanja Terminal & Logistics, marking another potential expansion move for India’s largest private port operator.
According to market sources, creditors have supported Adani Ports’ bid under the insolvency resolution process, paving the way for the transaction to move toward final approvals and regulatory clearances. The acquisition would strengthen APSEZ’s presence in western India’s maritime logistics corridor.
Karanja Terminal & Logistics, located near the Mumbai region, has strategic value due to its access to key industrial markets and proximity to major shipping lanes. Industry observers say the asset could complement Adani Ports’ existing network by enhancing container, bulk, and coastal cargo handling capabilities.
Analysts note that acquiring distressed port and logistics assets has become an effective route for infrastructure players seeking capacity growth without greenfield development delays.
If completed, the deal would further consolidate Adani Ports’ domestic footprint and support its broader strategy of building an integrated ports-to-logistics platform across India.