Full scale operations at Gopalpur Port

Shapoorji Pallonji divests Gopalpur port for Rs 33.5 bn

The Shapoorji Pallonji Group announced the sale of its Brownfield Gopalpur Port to Adani Ports and SEZ for an enterprise value of Rs 33.5 billion. This is the second port divestment in the last few months from the diversified construction and infrastructure, real estate and energy conglomerate. It had earlier divested its Dharamtar Port to JSW Infrastructure Limited for an enterprise value of INR 7.1 billion. With these asset sales, the SP Group continues its deleveraging journey with planned asset monetisation to marquee counterparts.

The Shapoorji Pallonji Group had acquired Dha..

Adani Nears Acquisition of Shapoorji Pallonji's Gopalpur Ports in Odisha

The Adani Group is closing in on the acquisition of Gopalpur Ports in Odisha from Shapoorji Pallonji, a development poised to reshape the maritime landscape in the region. This strategic move underscores Adani's continued focus on bolstering its presence in the port and shipping sector, aligning with the company's broader vision for infrastructure development.

Gopalpur Ports, with its strategic location and existing infrastructure, presents a valuable addition to Adani's portfolio. The acquisition is anticipated to enhance Adani's capabilities in handling cargo and further consolidate ..

JSW Infra in Talks to Acquire Gopalpur Ports

JSW Infra, a subsidiary of JSW Group, is currently engaged in discussions to acquire Gopalpur Ports in a strategic move to strengthen its foothold in the port sector. This potential acquisition aligns with JSW Infra's long-term growth strategy and its vision to become a major player in India's infrastructure development.

Gopalpur Ports, located in Odisha, has established itself as a credible and vibrant port in recent years. Equipped with state-of-the-art facilities and strategically positioned on the east coast of India, the port serves as a gateway for various commodity imports and..

Indian container cargo set to expand by 8% in FY25 amidst Red Sea crisis

CareEdge Ratings forecasts that Indian container cargo volume will experience an 8% growth, reaching 342 million tonnes (mt) in FY25. They also anticipate the risk of a prolonged Red Sea crisis. In a sectoral report, the agency mentions that the connection of the Dedicated Freight Corridor to Jawaharlal Nehru Port Trust (JNPT) in FY26, coupled with capacity expansions by ports, will likely propel the growth in container volumes in the medium term. According to the report, significant adverse movements in charter rates affecting cargo volumes, as well as vessel additions by shipping lines, will..

Nalanda Capital Sells Stake in Great Eastern Shipping

Nalanda Capital has divested a 1.4% stake in Great Eastern Shipping, a prominent player in the ports and shipping industry, for a total sum of Rs. 1.90 billion. This move comes amidst evolving market dynamics and reflects Nalanda Capital's strategic realignment of its investment portfolio.

The sale of shares in Great Eastern Shipping represents a calculated decision by Nalanda Capital to optimise its investment holdings and capitalise on market opportunities. The transaction, valued at Rs. 1.90 billion, underscores the investor's confidence in realising returns while maintaining flexibi..