Andhrajyothy has carried a report that Adani Group Chairman Gautam Adani along with his brothers has met Andhra Pradesh Chief Minister YS Jagan Mohan Reddy in Jagan’s Tadepalli Residence on Sunday. Usually when such an official visit takes place, the Government announces it to the media officially.
But there is no update in the media about this visit. Andhra Pradesh Government recently sold its 10.4 percent stake in the Gangavaram port for a consideration of around Rs 645 crore. The issue has landed up in the High Court after a PIL has been filed against the Government’s move.
The Government has sought time to place before the court the report of the high-power committee which recommended sale of the state government’s stake in the Gangavaram port. The court has adjourned the next hearing of the case to the 20th of this month. Adani Group already has 89.61% stake in the port.
It will get the complete ownership of the port with this stake of AP Government. There are speculations if the meeting is regarding this port or if something new is brewing in Andhra Pradesh with respect to the Adani Brothers.