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.
The 1,000 non convertible debentures (NCDs) allotted were of the face value.
Shares of APSEZ were trading 0.92 per cent lower at Rs 411.20 apiece on BSE
Healthy buying was witnessed in energy, realty, banking and finance counters whereas the IT and healthcare stocks slipped into the red on the back of a recovering rupee.
Adani Ports, India's largest port developer and part of the Adani Group, said in a statement that it executed share purchase agreement with Larsen and Toubro (L&T) and MIDPL to acquire the stake.
Taking a cue from global markets, the key Indian equity market indices on Thursday opened flat. The Sensitive Index (Sensex)…
