L&T Idpl and Tata Steel Divests their Stake in Dhamra Port to Adani Ports

Mumbai, May 16, 2014: L&T Infrastructure Development Projects (“L&T IDPL”), a subsidiary of L&T, and Tata Steel Limited (“Tata Steel”), today announced that they have executed a definitive agreement with Adani Ports & Special Economic Zone (“Adani Ports”) to sell 100% stake in the Dhamra Port Company Limited (“DPCL”) for an Enterprise Value of around Rs. 5500 crore.