Dikhyaa Mohanty 
In order to strengthen its position on the east coast, Adani Ports and Special Economic Zone, the largest private port operator in India, announced that it will acquire a 95% ownership in Gopalpur Port in Odisha for an equity value of Rs 1,349 crore ($161.74 million).
Adani Ports will buy a 56% share from the real estate group Shapoorji Pallonji Group (SP Group) and a 39% share from Orissa Stevedores in Gopalpur Port. The transaction has an enterprise value of 30.80 billion rupees.
Gopalpur is equipped to handle a wide range of dry bulk cargo, such as alumina, coal, limestone, ilmenite, and iron ore.
Karan Adani, managing director of Adani Ports, stated that “GPL (Gopalpur Port) will add to the Adani Group’s pan-India port network, east coast vs. west coast cargo volume parity and strengthen APSEZ’s integrated logistics approach.”
On India’s east and west coasts, Adani Ports and Special Economic Zone (APSEZ) develops and manages approximately twelve ports and terminals.
