<p>India's largest private port operator Adani Ports and Special Economic Zone said on Tuesday it will buy a 95 per cent stake in Odisha's Gopalpur Port for an equity value of Rs 1,349 crore to bolster its east coast presence.</p><p>Adani Ports will purchase a 56 per cent stake in Gopalpur Port from real-estate conglomerate Shapoorji Pallonji Group (SP Group) and a 39 per cent stake from Orissa Stevedores.</p><p>The enterprise value of the deal is Rs 30.80 billion or Rs 3,080 crore.</p><p>Gopalpur handles a diverse mix of dry bulk cargo, including iron ore, coal, limestone, ilmenite, and alumina.</p><p>"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.</p><p>Adani Ports and Special Economic Zone (APSEZ) develops and operates about 12 ports and terminals on the west and east coast of India.</p>
<p>India's largest private port operator Adani Ports and Special Economic Zone said on Tuesday it will buy a 95 per cent stake in Odisha's Gopalpur Port for an equity value of Rs 1,349 crore to bolster its east coast presence.</p><p>Adani Ports will purchase a 56 per cent stake in Gopalpur Port from real-estate conglomerate Shapoorji Pallonji Group (SP Group) and a 39 per cent stake from Orissa Stevedores.</p><p>The enterprise value of the deal is Rs 30.80 billion or Rs 3,080 crore.</p><p>Gopalpur handles a diverse mix of dry bulk cargo, including iron ore, coal, limestone, ilmenite, and alumina.</p><p>"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.</p><p>Adani Ports and Special Economic Zone (APSEZ) develops and operates about 12 ports and terminals on the west and east coast of India.</p>