Adani Ports acquires Gopalpur Port in Odisha for Rs 3,080 crore
Gopalpur port is located on the east coast of the country and has the capacity to handle 20 MMTPA (million metric tonne per annum).
Gopalpur port is located on the east coast of the country and has the capacity to handle 20 MMTPA (million metric tonne per annum).
The Adani group gained a further foothold in the port sector on the eastern coast by acquiring the all-weather deep water Karaikal Port owner Karaikal Port Private Ltd.
The company has also revised its port cargo throughput by 25 per cent to 500 million tonne by 2025.
The port is expected to have volumes of 38 MT, revenues of Rs 1,840 crore and EBITDA of Rs 1,325 crore in FY21, it said.
It is all-weather, deep water, multipurpose port capable of handling fully laden super cape size vessels of up to 2,00,000 DWT, the statement said.
Adani Ports said that DPL will evolve as an alternative gateway to the JNPT and will invite and support the development of port-based industries on port land.
An increase in consolidated profit also resulted in a rise in total consolidated income to Rs 4,274.79 during the quarter under review.
"We will announce any such development as and when any concrete decision is reached in such matters after evaluation," the filing noted.
Adani port is expected to generate an EBITDA of approximately Rs 1,200 crore, in FY21.
The country's largest integrated logistics player APSEZ has 11 strategically located ports and terminals.
