JSW infra in talks to buy Gopalpur Ports for Rs.30 bn
PORTS & SHIPPING

JSW infra in talks to buy Gopalpur Ports for Rs.30 bn

JSW Infrastructure is in talks to buy Shapoorji Pallonji’s (SP) ports arm, Gopalpur Ports, at an estimated enterprise value of Rs.30 billion that includes the company’s debt. The port operates an all-weather deepdraft port in Gopalpur town of Odisha, which is strategically located betwe...

JSW Infrastructure is in talks to buy Shapoorji Pallonji’s (SP) ports arm, Gopalpur Ports, at an estimated enterprise value of Rs.30 billion that includes the company’s debt. The port operates an all-weather deepdraft port in Gopalpur town of Odisha, which is strategically located between the well-known Paradip and Vizag ports on the eastern coast of India. It specialises in handling iron ore cargo, a key raw material in JSW’s steel business. JSW Infrastructure, raised Rs.28 billion through an initial public offering of shares in September. JSW Infrastructure’s cargo handling capacity has increased to 153 million tonne per annum. Contact: JSW Infrastructure Tel: 22 4286 1000 Email: infra.mum@jsw.in Website: www.jsw.in

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