Adani Ports to acquire 95% of the Gopalpur Port in Odisha
By MYBRANDBOOK
For ₹13.49 billion, Adani Ports would purchase a 95% ownership in Gopalpur Port in Odisha. For a total deal value of ₹30.80 billion, it will buy 39% from Orissa Stevedores and 56% from Shapoorji Pallonji Group. Gopalpur manages a variety of dry bulk loads. Managing Director Karan Adani emphasized how the acquisition would strengthen the integrated logistics plan and port network of the Adani Group.
The equity value of this deal has been pegged at ₹1,349 crore ($161.74), while enterprise value of the transaction amounts approximately ₹3,080 crore. The move is aimed at strengthening Adani Port's presence along the east coast. With an existing capacity of around 247 million tonnes (MT), this acquisition would further solidify their presence in this region.
The enterprise value of Gopalpur Port stands at $600-650 million ( ₹5,000 crore), with SP Group's equity value estimated at $240-260 million ( ₹2,000 crore), as per report.
In addition to the enterprise value there is a contingent consideration of ₹270 crore estimated to be payable after 5.5 years, subject to fulfilment of certain conditions as agreed with the sellers.
"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," said Karan Adani, Managing Director at Adani Ports.
Gopalpur Port handles a diverse range of dry bulk cargo, including alumina, coal, ilmenite, iron ore and limestone.
APSEZ is responsible for the development and operation of around 12 ports and terminals across both the west and east coasts of India.
Apple rolls out iOS 18.3.1 critical patch to shield iPhones fr
Just a week after releasing the major iOS 18.3 update, Apple has now issu...
Sam Altman rejects Musk’s bid to buy OpenAI for $97.4 bn
A group of investors led by Elon Musk is offering about $97.4 billion to ...
Tamil Nadu imposes stricter restrictions on online real-money
The new online gaming regulations aim to balance player safety and business...
Amazon faces cloud growth challenges amid hardware and energy
Despite constrained growth in AWS, Amazon is investing $105 billion in 2025...
Icons Of India : Anil Agarwal
Anil Agarwal, the Founder and Chairman of Vedanta Resources Ltd., is r...
ICONS OF INDIA : SANDIP PATEL
Sandip Patel is the Managing Director for IBM India & South Asia regio...
ICONS OF INDIA : SANTHOSH VISWANATHAN
Santhosh Viswanathan is the the Vice President and Managing Director f...
CERT-IN - Indian Computer Emergency Response Team
CERT-In is a national nodal agency for responding to computer security...
TCIL - Telecommunications Consultants India Limited
TCIL is a government-owned engineering and consultancy company...
UIDAI - Unique Identification Authority of India
UIDAI and the Aadhaar system represent a significant milestone in Indi...
Indian Tech Talent Excelling The Tech World - REVATHI ADVAITHI, CEO- Flex
Revathi Advaithi, the CEO of Flex, is a dynamic leader driving growth ...
Indian Tech Talent Excelling The Tech World - NEAL MOHAN, CEO - Youtube
Neal Mohan, the CEO of YouTube, has a bold vision for the platform’s...
Indian Tech Talent Excelling The Tech World - Dheeraj Pandey, CEO, DevRev
Dheeraj Pandey, Co-founder and CEO at DevRev , has a remarkable journe...