Published 1 month ago

Adani Ports enters agreement to buy Gopalpur Port in Odisha

Summary by Ground News

The under construction Gopalpur Port, located in Odisha, was acquired in 2017, with significant issues hampering its development. This is the second port divestment in the last few months from the diversified Construction & Infrastructure, Real Estate and Energy conglomerate. It had earlier divested its Dharamtar Port to JSW Infrastructure Limited for an enterprise value of �710 crore.

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The Hindu

Shapoorji Pallonji Group sells Gopalpur Port in Odisha to Adani Ports for ₹3,350 crore

This is the second port divestment in the last few months from the Shapoorji Pallonji Group; the conglomerate had earlier divested its Dharamtar Port to JSW Infrastructure Limited for an enterprise value of ₹710 crore

1 month ago·India

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NDTV

Adani Ports Acquires Gopalpur Port In Odisha At Rs 3,350 Crore

The Shapoorji Pallonji Group on Tuesday announced the sale of its brownfield Gopalpur Port to Adani Ports and SEZ Ltd for an enterprise value of Rs 3,350 crore, as part of its deleveraging strategy with planned asset monetisation.

1 month ago·New Delhi, India

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Hindustan Times

Adani Ports enters agreement to buy Gopalpur Port in Odisha

According to a statement from APSEZ, Gopalpur port is located on the east coast of India and has the capacity to handle 20 Million Metric Tons Per Annum (MMTPA).

1 month ago·New Delhi, India

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Deccan Herald

Adani Ports to acquire 95% of Odisha's Gopalpur Port

1 month ago

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NDTV Profit

Adani Ports To Buy Gopalpur Port To Strengthen East Cost Presence

Adani Ports and Special Economic Zone Ltd. will acquire a 95% stake in Gopalpur Port Ltd. in Odisha for Rs 1,349 crore, to strengthen the country's largest private port operator's eastern presence.The Adani Group company entered into a definitive agreement to purchase 56% stake of the Shapoorji Pallonji Group and 39% of Orissa Stevedores in Gopalpur Port, according to an exchange filing on Tuesday.The enterprise value of the acquisition is Rs 3,…

1 month ago

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