Adani Ports Expands East Coast Presence with Gopalpur Acquisition

  • Adani Ports and Special Economic Zone (APSEZ) to acquire a 95% stake in Odisha's Gopalpur Port for $162 million (₹13.5 billion).
  • The deal strengthens Adani Ports' presence on India's east coast, aiming to balance cargo volume with its west coast operations.
  • Gopalpur Port handles dry bulk cargo like iron ore, coal, limestone, and alumina, strategically located near mining hubs in Odisha and neighboring states.
  • Karan Adani, Managing Director of Adani Ports, expects the acquisition to boost their integrated logistics approach.
  • This move comes amid Adani Group's continued expansion across various sectors in India.

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