Adani Ports Acquires 95% Stake in Gopalpur Port for Rs 1,349 Crore

Adani Ports buys 95% stake in Gopalpur Ports for an enterprise value of ₹3,080 crore
Adani Ports and Special Economic Zone has acquired a 95 per cent stake in Odisha's Gopalpur Port for Rs 1,349 crore ($161.74 million), expanding its east coast footprint. The deal includes purchasing stakes from Shapoorji Pallonji Group and Orissa Stevedores, aiming to strengthen the Adani Group's port network and cargo volume parity.
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Adani Ports and Special Economic Zone has acquired a 95 per cent stake in Odisha’s Gopalpur Port for Rs 1,349 crore to strengthen its presence on the east coast of India. The acquisition involved purchasing a 56 per cent stake from Shapoorji Pallonji Group and a 39 per cent stake from Orissa Stevedores, with the deal’s enterprise value totaling 30.80 billion rupees. Gopalpur Port handles various types of dry bulk cargo, including iron ore, coal, limestone, ilmenite, and alumina.

With a cargo handling capacity of 20 MMT, Gopalpur Port handled 7.4 MMT of cargo in the previous financial year and is projected to handle 11.3 MMT in the current financial year, generating an estimated operational revenue of ₹520 crore. Adani Ports sees this investment as enhancing its pan-India port network and achieving east coast to west coast cargo volume parity, reinforcing its integrated logistics approach. The location of Gopalpur Port provides Adani Ports with access to mining hubs in Odisha and neighboring states.

The acquisition aligns with Adani Ports’ strategy of achieving parity between its ports on the east and west coasts of India. The company, which operates 12 ports and terminals across the country, views Gopalpur Port as a strategic addition that will enhance its operational capabilities and strengthen its market position. Karan Adani, managing director at Adani Ports, emphasized the significance of Gopalpur Port in expanding the company’s presence and optimizing its logistical operations on the east coast.

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