Adani buys Shapoorji's Odisha port in Rs 3.1k crore deal
Tuesday, 26 March 2024
Adani Ports will buy Shapoorji Pallonji Group's Gopalpur Port in Odisha for an enterprise value of Rs 3,080 crore, adding to its pan-India network and enhancing its cargo volume. Adani Ports will buy 56% in Gopalpur Port, which has a capacity to handle 20 million metric tonnes annually, from SP and 39% from Orissa Stevedores. The remaining 5% will continue to be held by Orissa Stevedores, a source said.
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