Adani Ports Acquires Gopalpur Port in Odisha for ₹3,080 Cr
Adani Ports and Special Economic Zone Ltd (APSEZ) has finalized a definitive agreement to purchase a 56% stake from the SP Group and 39% from Orissa Stevedores Limited (OSL) in Gopalpur Port Limited (GPL). The acquisition, valued at ₹3,080 crore, is subject to regulatory approvals. Gopalpur Port, located on India's east coast, boasts a capacity of handling 20 MMTPA and plays a crucial role in facilitating the transportation of various dry bulk cargoes like iron ore, coal, and alumina. The port has a 30-year concession with provisions for extensions, offering flexibility for future expansions to meet market demands.
📅Published on:
01 April 2024
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