Adani Ports receives NCLT approval

News: APSEZ has received NCLT approval for composite scheme of arrangement between Brahmi Tracks Management Services and Adani Ports and Special Economic Zone, and Adani Tracks Management Services and Sarguja Rail Corridor. The effective date of the scheme is February 17, 2022.

Views: The objective behind this exercise is to consolidate the rail assets under one entity, which will work to develop existing and new railway lines across the country. The consolidation allows APSEZ, which is targeting 2000 km of track length by 2025, to participate in Indian Railways PPP projects without having to compete with similar businesses in the Adani portfolio.

Impact: Positive