{"id":1347,"date":"2021-03-08T00:15:00","date_gmt":"2021-03-08T00:15:00","guid":{"rendered":"https:\/\/portstrategy.nfdtesting.uk\/greenport\/2021\/03\/08\/apsez-takes-stake-in-indian-port\/"},"modified":"2026-08-27T13:50:25","modified_gmt":"2026-08-27T12:50:25","slug":"apsez-takes-stake-in-indian-port","status":"publish","type":"post","link":"https:\/\/www.portstrategy.com\/greenport\/news\/concessions-investments\/apsez-takes-stake-in-indian-port\/","title":{"rendered":"APSEZ takes stake in Indian port"},"content":{"rendered":"<p>The 31.5% stake in Gangavaram Port Limited (GPL) is being acquired from Windy Lakeside Investment Limited (an affiliate of Warburg Pincus) for Rs. 1,954 Cr. Last month, <a href=\"https:\/\/www.portstrategy.com\/news101\/world\/asia\/adani-ports-acquires-12th-port\" target=\"_blank\">APSEZ acquired Dighi Port Limited<\/a> in Maharashtra, India.<\/p>\n<p>Karan Adani, CEO and whole time director of APSEZ, said: \u201cThe acquisition of GPL is a part of our continued strategy to build out a port and logistics network that is unmatched in its ability to serve customers across the nation. The location of GPL in the north of AP is a strategic complement to our recent acquisition of the Port of Krishnapatnam that serves the south of AP.<\/p>\n<p>\u201cWe believe that GPL holds great potential to complement its bulk cargo terminals with new cargo catagories that we intend to develop. The port provides us great access to an adjacent hinterland that was largely untapped by APSEZ thereby placing us in a position to serve a broader set of port customers as well as expand our overall hinterland logistics footprint for a much larger base of customers.\u201d<\/p>\n<p>Located in the northern part of Andhra Pradesh next to Vizag Port, GPL is the second largest non-major port in Andhra Pradesh with a 64 MMT capacity established under concession from Government of Andhra Pradesh (GoAP) that extends till 2059. It has a master plan capacity for 250 MMTPA.<\/p>\n<p>The port is capable of handling fully laden super cape size vessels of up to 200,000 DWT. In FY20, GPL had a cargo volume of 34.5 MMT.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Adani Ports and Special Economic Zones (APSEZ) will acquire a minority stake in a deep water, multi-purpose port in India with a 64 MMT capacity.<\/p>\n","protected":false},"author":8,"featured_media":1348,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[69,16],"tags":[],"sponsor":[],"class_list":["post-1347","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-asia","category-concessions-investments"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.portstrategy.com\/greenport\/wp-json\/wp\/v2\/posts\/1347","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.portstrategy.com\/greenport\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.portstrategy.com\/greenport\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.portstrategy.com\/greenport\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/www.portstrategy.com\/greenport\/wp-json\/wp\/v2\/comments?post=1347"}],"version-history":[{"count":1,"href":"https:\/\/www.portstrategy.com\/greenport\/wp-json\/wp\/v2\/posts\/1347\/revisions"}],"predecessor-version":[{"id":1349,"href":"https:\/\/www.portstrategy.com\/greenport\/wp-json\/wp\/v2\/posts\/1347\/revisions\/1349"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.portstrategy.com\/greenport\/wp-json\/wp\/v2\/media\/1348"}],"wp:attachment":[{"href":"https:\/\/www.portstrategy.com\/greenport\/wp-json\/wp\/v2\/media?parent=1347"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.portstrategy.com\/greenport\/wp-json\/wp\/v2\/categories?post=1347"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.portstrategy.com\/greenport\/wp-json\/wp\/v2\/tags?post=1347"},{"taxonomy":"sponsor","embeddable":true,"href":"https:\/\/www.portstrategy.com\/greenport\/wp-json\/wp\/v2\/sponsor?post=1347"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}