Adani Ports completed the acquisition of a 95% stake in Gopalpur Port from SP Group and OSL for $370m.

Adani Ports and Special Economic Zone, a ports and logistics company, completed the acquisition of a 95% stake in Gopalpur Port, a port operator, from Shapoorji Pallonji Group, a business conglomerate, and OSL, a stevedoring and cargo handling company, for $370m. “The acquisition of Gopalpur Port will allow us to deliver more integrated and enhanced solutions to our customers. Its location will allow us unprecedented access to the mining hubs of Odisha and neighboring states and allow us to expand our hinterland logistics footprint. GPL will add to the Adani Group’s pan-India port network, significantly enhance overall cargo volume, and strengthen APSEZ’s integrated logistics approach," Karan Adani, APSEZ Managing Director.