Adani Ports acquires Gopalpur Port in Odisha for Rs 3,080 crore
अडानी पोर्ट्स ने 3,080 करोड़ रुपये में गोपालपुर पोर्ट का अधिग्रहण किया
Adani Ports and Special Economic Zone Ltd (AGSEZ) said in a statement on Tuesday that it has acquired Odisha-based Gopalpur Port for Rs 3,080 crore. In this agreement, the company has agreed to purchase 56 percent stake of SP Group in Gopalpur Port Limited (GPL) and 39 percent stake of Orissa Stevedores Limited (OSL).
Gopalpur Port is located on the east coast of the country and has a capacity to handle 20 MMTPA (million metric tonnes per annum). The Odisha government had given exemption for 30 years to Gopalpur Port Limited in the year 2006, according to the agreement this exemption can be extended twice for 10 years each. According to the company, GPL has received over 500 acres of land on lease for development, with an option to acquire additional land on lease to meet future capacity expansion.
Managing Director of the company, Karan Adani said, “With the acquisition of Gopalpur Port, we will be able to provide more integrated and better facilities to our customers. This will give us unprecedented access to the mining areas of Odisha and neighboring states. It will also help us increase our logistics footprint in remote areas.” Karan Adani said, “GPL will connect the Adani Group’s pan India port network, which will significantly increase the overall cargo volumes and strengthen the integrated logistics approach of APSEZ. Will do.”
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