Adani Ports Acquires New Port for Rs 3,080 Crore, Expanding to 14 Ports
Gautam Adani’s company, Adani Ports, has acquired another port, according to information released on the exchange. The company stated that it has purchased 95% stake in Gopalpur Ports for a deal worth ₹3,080 crore. This acquisition marks the 14th port for Adani Ports.
Additionally, Adani Ports has acquired a 56% stake in Shapoorji Pallonji Port Maintenance Private Limited. Shapoorji Pallonji Port Maintenance Private Limited is part of the Shapoorji Pallonji Group. Apart from this, Adani Ports has also acquired a 39% stake in Orissa Stevedores Limited.
Many types of cargo are handled at the Gopalpur Port. The port manages a variety of dry bulk and break bulk cargoes. It has a deep draft and is a multi-cargo port. It handles various mixtures of dry bulk cargoes, including coal, colas, limestone, ilmenite sands, and aluminum.
Adani Group is India’s largest private port operator and end-to-end logistics provider. Over the years, it has built, operated, and developed port infrastructure and services across India, making it a leading player in the sector.
Currently, Adani Ports is representing approximately 24% of the country’s port capacity through its 13 ports and terminals, with a total capacity of 580 MMTPA (Million Metric Tonnes Per Annum). It was incorporated on May 26, 1998. Formerly known as Gujarat Adani Port Limited (GAPL), it has now expanded its operations and presence nationwide.
Company’s Share Price Surge: Adani Ports’ share price has surged by 1.50% today, trading at ₹1,300.85 with an increase of ₹19.25. Over the past year, Adani Ports’ share has witnessed a remarkable growth of 107%.
