- Adani Ports is acquiring a 95% stake in Gopalpur Ports for ₹1,349 crore in cash, indicating an enterprise value of ₹3,80 crore.
- The acquisition involves 56% stake from SP Port Maintenance (part of Shapoorji Pallonji Group) and 39% from Orissa Stevedores.
- Gopalpur Port handled 7.4 million metric tons of cargo in FY 23, with a capacity of 20 million metric tons. Expected cargo handling for FY 24 is around 11.3 million metric tons.
- Adani Ports aims to enhance operational efficiency and address infrastructure bottlenecks, potentially creating further value for shareholders.
- Adani Ports had reported a 33% growth in cargo volumes for the first 11 months of the fiscal year, aiming to surpass their revised volume guidance of 400 million metric tons. Gopalpur Port's addition could increase capacity by 25 million metric tons.
