The National Company Law Tribunal (NCLT) has approved the composite scheme of Adani Ports and Special Economic Zone (APSEZ) to purchase Sarguja Rail Corridor Pvt Ltd (SRCPL), which will be effective from the 1st of April 2022. APSEZ, in a statement, said that the company will now merge all rail assets under a single business entity Adani Tracks Management Services Pvt Ltd.

“This merger will allow APSEZ to take part in Indian Railways Public-Private Partnership projects without competing with its businesses, which is a position that is in full alignment with the equity interest of minority shareholders,” the company said.