Adani Ports and Special Economic Zone (APSEZ) has emerged as the frontrunner to acquire Karanja Terminal & Logistics Ltd. (KTL) after the company’s lenders approved its ₹625-crore resolution plan under the corporate insolvency process. The move is expected to revive the financially stressed terminal while further strengthening APSEZ’s presence in the Mumbai harbour region.
Located in the Mumbai port ecosystem, Karanja Terminal is strategically positioned to serve industrial and manufacturing clusters across western India. The acquisition would enhance Adani Ports’ container handling capabilities and complement its expanding integrated logistics network, enabling greater operational efficiencies and improved cargo movement.
The terminal had been undergoing insolvency proceedings following prolonged financial distress. With creditors backing Adani Ports’ resolution proposal, the transaction now moves to the next stage of the insolvency resolution process, subject to regulatory and legal approvals.
The proposed takeover aligns with Adani Ports’ growth strategy of expanding through both greenfield developments and strategic acquisitions. If completed, the deal will further consolidate APSEZ’s leadership in India’s maritime sector and reinforce its position as the country’s largest private port and logistics operator.