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According to reports, Gopalpur Ports, operational since 2015 and strategically positioned between Paradip Port and Vizag Port, is the target of Adani Ports and SEZ's expansion strategy, focusing on a
The proposed acquisition marks a strategic move for Adani Ports, potentially becoming their sixth multi-purpose facility on the eastern coast.
Steel tycoon Sajjan Jindal will acquire a 50% stake in PNP Maritime Services, which operates the only minor port in Maharashtra, from the Shapoorji Pa
The acquisition of PNP Port will allow the company to service growing share of third party customers in India and derive huge synergies with the existing ports and terminals.
The acquisition values PNP Port at around Rs 700 crore with a current capacity of 5 million tonnes per annum (MTPA) and potential to expand to 19MTPA. This acquisition is part of JSW Infrastructures strategic direction to explore opportunities to expand organically and inorganically, to provide end-to-end logistics services near the cargo consumption centres.