Another big deal from Gautam Adani! Gopalpur Port purchased from Shapoorji Pallonji Group, see details

Adani Group is laying a lot of emphasis on port business. The business of Adani Ports and Special Economic Zone, India’s largest commercial port operator company, is growing rapidly. The company is continuously working on new ports. Now Adani Group company Adani Ports has purchased Gopalpur Port of Shapoorji Pallonji Group located in Gopalpur, Odisha. Shapoorji Pallonji Group came out in a statement confirming that it has sold Gopalpur Port to Adani Ports. This deal has been done for Rs 3350 crore. The company said in a statement that earlier Dharamtar Port was handed over to JSW Infrastructure Ltd. was sold at an enterprise value of Rs 710 crore. ET had first reported on December 7 that Adani was in talks to acquire Gopalpur port.

This port is very important

Gopalpur Port of Odisha is said to be strategically important. It is an important port located on the east coast of India. Adani Group already has a strong presence on the west coast. Now after this deal, Adani will have 6 multi-purpose ports on the east coast. With 5 ports already present on the east coast, Adani Group has a capacity of about 247 million tonnes. SP Ports Maintenance, which holds 56 per cent stake in Gopalpur port, with the remainder owned by Odisha Stevedores, is awaiting resolution.

The company had raised Rs.

The company had raised Rs 14,300 crore in June 2023 at an interest rate of 18.75 per cent and was facing pressure to repay a minimum of Rs 1,500 crore by March 31, 2024. Failure to do so will increase the coupon rate by 2% to 20.75%. Gopalpur port under construction, located in Odisha. There were many problems in its development.