Monday 29 04 2024 05:23:45 AM

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123/A, Miranda City Likaoli Prikano, Dope

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+0989 7876 9865 9

+(090) 8765 86543 85

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With Gopalpur, Adani has more ports than the Union government
With the acquisition of Gopalpur Port, Gautam Adani has more ports/terminals across India’s eastern and western coasts than the Union government, but the latter is way ahead in terms of capacity. Port acquisition is one thing and capacity enhancement is another and Adani can afford to.
Dr.G.R.Balakrishnan Mar 27 2024 Indian Ports News

With Gopalpur, Adani has more ports than the Union government

APSEZ acquired Gopalpur Port at an enterprise value of Rs3,080 crores…Gopalpur is located between two major ports – Paradip and Visakhapatnam – and is expected to create synergies with APSEZ’s existing ports at Dhamra and Gangavaram and help APSEZ strengthen its east coast presence.

True, Gopalpur Port’s 30-year concession ends in 2036 but can be extended twice by ten years each on mutual terms. The port operator is contractually mandated to pay a revenue share of 7.5 percent to the Odisha government.The concessionaire can expand the port capacity as per the market demand beyond the existing capacity of 20 mt.

Gopalpur Port Ltd has leased land of 513.4 acres with option to receive additional land on lease for future development.