Adani Ports bought another port: Deal made for Rs 3080 crore, this will be the 14th port of the company.

Adani Ports bought another port: Deal made for Rs 3080 crore, this will be the 14th port of the company.

Gautam Adani’s company Adani Ports has purchased another port. In the information released on the exchange, the company said that it has purchased 95% stake in Gopalpur Ports. This deal has been done for Rs 3080 crore. This will be the 14th port of Adani Ports. Adani Ports has purchased 56% stake from Shapoorji Pallonji Port Maintenance Pvt. Ltd. Shapoorji Pallonji Port Maintenance Private Limited is part of the Shapoorji Pallonji Group. Apart from this, Adani Ports has purchased 39% stake from Orissa Stevedores Limited. Many cargoes are handled at Gopalpur Ports. Many types of dry bulk and break bulk cargoes are handled at this port. It is a deep draft, multi-cargo port. It handles a diverse mix of dry bulk cargoes including iron, coal, limestone, ilmenite sand and aluminium. Adani Group is India’s largest private port operator Adani Port is India’s largest private port operator and end-to-end logistics provider. In less than two decades, it has built, acquired and developed a portfolio of ports infrastructure and services across India. Currently, its 13 ports and terminals represent about 24% of the country’s port capacity. Its capacity is 580 MMTPA. It was incorporated on 26 May 1998. Earlier its name was Gujarat Adani Port Limited (GAPL). Rise in the company’s shares: A rise of 1.50% is being seen in the shares of Adani Ports today. It is trading at Rs 1,300.85 with a gain of Rs 19.25. Adani Ports shares have seen a rise of 107% in the last one year.

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