Adani Ports in Negotiations for Acquisition of SP Group's Gopalpur Ports in Odisha

Adani Ports & Special Economic Zone (SEZ), a prominent player in India's maritime sector, is reportedly in advanced discussions to acquire Gopalpur Ports in Odisha from Shapoorji Pallonji (SP) Group. According to a report by The Economic Times (ET), the potential deal is estimated to be valued between Rs. 1,100-1,200 crore in equity, aiming to enhance Adani Port's footprint along both the eastern and western maritime fronts.

This potential acquisition signifies Adani Ports' strategic move into multi-purpose facilities along the eastern coast and would be its sixth such venture in the region. The company currently boasts a substantial capacity of around 247 million tonnes (MT). As per sources cited by ET, the due diligence process is actively underway, indicating the progress of negotiations in this significant business move by Adani Ports.

BS