Question :

Which company has recently acquired Karaikal Port?

A) Reliance Group
B) Adani Group
C) Hinduja Group
D) Tata Group

Answer : B

Description :

Adani Group has acquired Karaikal Port Pvt Ltd in the Union Territory of Puducherry for Rs 1,485 crores. Adani Port CEO Karan Adani said that Adani Group is now operating 14 ports in India. From the group's side, Rs 850 crores will be spent on the development of this port. Along with this, the CEO of Adani Port said that the capacity of the port will be doubled in the next 5 years. The acquisition was completed after getting approval from the National Company Law Tribunal. Karaikal Port located in the Karaikal district of Puducherry was established in 2009.

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