Gopalpur Deal

Adani Ports and Special Economic Zone (APSEZ) is acquiring a 95 share in Gopalpur Port Limited. The stake is being bought from SP Group (56 per cent) and from Orissa Stevedores (39 per cent). A reported enterprise value of INR 3,080 crore (US$369.6m) applies. Located on the east coast of India, Gopalpur port can handle up to 20 million tonnes per annum of dry bulk cargo, including iron ore, coal, limestone, ilmenite, and alumina.