Adani Ports and Special Economic Zone Ltd.’s acquisition of Puducherry-based Karaikal Port Pvt. can become a value-adding deal with an improvement in the port's profitability over the next two years, according to Morgan Stanley.
The Karaikal Port’s Ebitda per million tonne of cargo handled was Rs 186 in the financial year 2021–22, while the number was Rs 292 for India’s largest private port operator, the brokerage said.