{"id":10397,"date":"2024-03-26T19:04:48","date_gmt":"2024-03-26T19:04:48","guid":{"rendered":"https:\/\/news.talkwithrattan.com\/index.php\/2024\/03\/26\/adani-ports-acquires-95-stake-in-odishas-gopalpur-port-at-rs-3080-crore-times-of-india\/"},"modified":"2024-03-26T19:04:48","modified_gmt":"2024-03-26T19:04:48","slug":"adani-ports-acquires-95-stake-in-odishas-gopalpur-port-at-rs-3080-crore-times-of-india","status":"publish","type":"post","link":"https:\/\/news.talkwithrattan.com\/index.php\/2024\/03\/26\/adani-ports-acquires-95-stake-in-odishas-gopalpur-port-at-rs-3080-crore-times-of-india\/","title":{"rendered":"Adani Ports acquires 95% stake in Odisha\u2019s Gopalpur Port at Rs 3,080 crore &#8211; Times of India"},"content":{"rendered":"<div style=\"text-align:center\"><img loading=\"lazy\" decoding=\"async\" width=\"1280\" height=\"720\" src=\"https:\/\/i1.wp.com\/static.toiimg.com\/photo\/msid-108798467,imgsize-1630941.cms?fit=1280,720&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"Adani Ports acquires 95% stake in Odisha\u2019s Gopalpur Port at Rs 3,080 crore &#8211; Times of India\" title=\"Adani Ports acquires 95% stake in Odisha\u2019s Gopalpur Port at Rs 3,080 crore &#8211; Times of India\" \/><\/div>\n<div>\n<p><b>AHMEDABAD: <\/b><\/p>\n<p>Adani Ports<!-- --> and Special Economic Zone (APSEZ), the ports and logistics arm of Gautam Adani-owned Adani Group on Tuesday announced it has acquired a <!-- -->controlling<!-- --> 95% <!-- -->stake<!-- --> in Odisha-based <!-- -->Gopalpur Port<!-- -->. <!-- -->APSEZ<!-- --> has agreed to acquire the stake for an equity value of Rs 1,349 crore and an enterprise value of Rs 3,080 crore.<br \/>The move will help boost APSEZ\u2019s presence along the <!-- -->eastern coast<!-- --> of India.In addition to the enterprise value, there is a contingent consideration of Rs 270 crore estimated to be payable after 5.5 years, subject to fulfilment of certain conditions as agreed with the sellers.<br \/>Gopalpur port is located on the east coast of India and has the capacity to handle 20 MMTPA. <br \/>As a deep draft, multi-cargo port, Gopalpur handles a diverse mix of dry bulk cargo, including iron ore, coal, limestone, ilmenite, and alumina. The port plays an important role in supporting the growth of mineral-based industries in its hinterland, like iron &amp; steel, alumina, and others. The concessionaire has full flexibility to design and expand the port as per the market demand. <br \/>Karan Adani, MD, APSEZ, said, \u201cThe acquisition of Gopalpur Port will allow us to deliver more integrated and enhanced solutions to our customers. Its location will allow us unprecedented access to the mining hubs of <!-- -->Odisha<!-- --> and neighbouring states and allow us to expand our hinterland logistics footprint.\u201d<\/div>\n<p><script>!(function(f, b, e, v, n, t, s) {\n    function loadFBEvents(isFBCampaignActive) {\n      if (!isFBCampaignActive) {\n        return;\n      }\n      (function(f, b, e, v, n, t, s) {\n        if (f.fbq) return;\n        n = f.fbq = function() {\n          n.callMethod ? n.callMethod(...arguments) : n.queue.push(arguments);\n        };\n        if (!f._fbq) f._fbq = n;\n        n.push = n;\n        n.loaded = !0;\n        n.version = '2.0';\n        n.queue = [];\n        t = b.createElement(e);\n        t.async = !0;\n        t.defer = !0;\n        t.src = v;\n        s = b.getElementsByTagName(e)[0];\n        s.parentNode.insertBefore(t, s);\n      })(f, b, e, 'https:\/\/connect.facebook.net\/en_US\/fbevents.js', n, t, s);\n      fbq('init', '593671331875494');\n      fbq('track', 'PageView');\n    };\n    function loadGtagEvents(isGoogleCampaignActive) {\n      if (!isGoogleCampaignActive) {\n        return;\n      }\n      var id = document.getElementById('toi-plus-google-campaign');\n      if (id) {\n        return;\n      }\n      (function(f, b, e, v, n, t, s) {\n        t = b.createElement(e);\n        t.async = !0;\n        t.defer = !0;\n        t.src = v;\n        t.id = 'toi-plus-google-campaign';\n        s = b.getElementsByTagName(e)[0];\n        s.parentNode.insertBefore(t, s);\n      })(f, b, e, 'https:\/\/www.googletagmanager.com\/gtag\/js?id=AW-877820074', n, t, s);\n    };\n    function loadSurvicateJs(allowedSurvicateSections = []){\n      const section =  window.location.pathname.split('\/')[1]\n      const isHomePageAllowed = window.location.pathname === '\/' && allowedSurvicateSections.includes('homepage')\n      if(allowedSurvicateSections.includes(section) || isHomePageAllowed){\n        (function(w) {\n          var s = document.createElement('script');\n          s.src=\"https:\/\/survey.survicate.com\/workspaces\/0be6ae9845d14a7c8ff08a7a00bd9b21\/web_surveys.js\";\n          s.async = true;\n          var e = document.getElementsByTagName('script')[0];\n          e.parentNode.insertBefore(s, e);\n        })(window);\n      }\n    }\n    window.TimesApps = window.TimesApps || {};\n    var TimesApps = window.TimesApps;\n    TimesApps.toiPlusEvents = function(config) {\n      var isConfigAvailable = \"toiplus_site_settings\" in f && \"isFBCampaignActive\" in f.toiplus_site_settings && \"isGoogleCampaignActive\" in f.toiplus_site_settings;\n      var isPrimeUser = window.isPrime;\n      if (isConfigAvailable && !isPrimeUser) {\n        loadGtagEvents(f.toiplus_site_settings.isGoogleCampaignActive);\n        loadFBEvents(f.toiplus_site_settings.isFBCampaignActive);\n        loadSurvicateJs(f.toiplus_site_settings.allowedSurvicateSections);\n      } else {\n        var JarvisUrl=\"https:\/\/vsp1jarvispvt.indiatimes.com\/v1\/feeds\/toi_plus\/site_settings\/643526e21443833f0c454615?db_env=published\";\n        window.getFromClient(JarvisUrl, function(config){\n          if (config) {\n            loadGtagEvents(config?.isGoogleCampaignActive);\n            loadFBEvents(config?.isFBCampaignActive);\n            loadSurvicateJs(config?.allowedSurvicateSections);\n          }\n        })\n      }\n    };\n  })(\n    window,\n    document,\n    'script',\n  );<\/script><br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>AHMEDABAD: Adani Ports and Special Economic Zone (APSEZ), the ports and logistics arm of Gautam Adani-owned Adani Group on Tuesday announced it has acquired a controlling 95% stake in Odisha-based Gopalpur Port. APSEZ has agreed to acquire the stake for an equity value of Rs 1,349 crore and an enterprise value of Rs 3,080 crore.The [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":10398,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"tdm_status":"","tdm_grid_status":"","fifu_image_url":"https:\/\/static.toiimg.com\/photo\/msid-108798467,imgsize-1630941.cms","fifu_image_alt":"","footnotes":""},"categories":[604],"tags":[11490,1128,15483,15482,289,15481,1955,15480,15485,15479,273,4507,15484,40,8319,2341,272],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts\/10397"}],"collection":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/comments?post=10397"}],"version-history":[{"count":1,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts\/10397\/revisions"}],"predecessor-version":[{"id":10399,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts\/10397\/revisions\/10399"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/media\/10398"}],"wp:attachment":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/media?parent=10397"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/categories?post=10397"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/tags?post=10397"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}