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Get latest articles and stories on India at LatestLY. The Shapoorji Pallonji Group on Tuesday announced the sale of its brownfield Gopalpur Port to Adani Ports and SEZ Ltd for an enterprise value of Rs 3,350 crore, as part of its deleveraging strategy with planned asset monetisation. India News | SP Group Sells Gopalpur Port to Adani Ports at Enterprise Value of Rs 3,350 Cr.
Adani Ports and Special Economic Zone Ltd (APSEZ) on Tuesday announced the acquisition of a 95 per cent stake in Gopalpur Ports in Odisha from Shapoorji Pallonji Group and Orissa Stevedores Ltd at an equity value of Rs 1,349 crore. In Gopalpur Ports, Shapoorji Pallonji Group (SP Group) firm SP Port Maintenance Pvt Ltd has a 56 per cent stake and Orissa Stevedores Ltd (OSL) has a 44 per cent stake. Gopalpur Port is an all-weather deep-water berthing port with a capacity of 20 million tonnes per annum (MTPA) situated in Ganjam district of Odisha.
The Shapoorji Pallonji Group on Tuesday announced the sale of its brownfield Gopalpur Port to Adani Ports and SEZ Ltd for an enterprise value of Rs 3,350 crore, as part of its deleveraging strategy with planned asset monetisation. The under-construction Gopalpur Port in Odisha was acquired in 2017
The announcement of Ramon Ang's San Miguel Corporation (SMC) winning the Php170.6-billion deal to rehabilitate the Ninoy Aquino International Airport (NAIA) did not sit well with a lot of people. Privatization it seems is a traumatic word for many Filipinos.
Tidewater Midstream and Infrastructure Ltd. (TSE:TWM – Get Free Report) shares were up 6.8% during mid-day trading on Monday . The company traded as high as C$0.79 and last traded at C$0.78. Approximately 570,442 shares changed hands during mid-day trading, a decline of 13% from the average daily volume of 656,482 shares. The stock had […]