Adani to acquire 58% stake in Gangavaram port

24 Mar 2021 Editorial Team

Adani Ports and Special Economic Zone (APSEZ) is set to acquire a 58% stake in Vishakapatnam's Gangavaram Port Ltd (GPL) for Rs 3,604 crore.

Adani Ports had announced on March 3 the acquisition of Warburg Pincus's 31.5% stake in GPL, and together with this acquisition, APSEZ would have an 89.6% stake in GPL.

The company informed the media that it had signed an agreement on 23 March 2021, with the DVS Raju and Family to acquire a 58.1% stake in GPL.

The acquisition is in line with the company's strategy of East Coast to West Coast parity and will provide access to growth from new hinterland markets as it has coverage in resource-rich and industrial belt in eastern, central and southern India, Adani Ports added.

Adani Ports added further that the acquisition is expected to be completed within six months.

GPL is located near Visakhapatnam port, and is the second-largest, non-major port in Andhra Pradesh, with a 64 million metric tonne (mmt) capacity established under a concession from the Government of Andhra Pradesh (GoAP) that extends till 2059.

It is an all-weather, deep water, multipurpose port capable of handling fully laden super cape size vessels of up to 200,000 DWT. Currently, GPL operates nine berths and has freehold land of 1,800 acres. The port, floated by Chairman and Managing Director DVS Raju, is engaged in the business of handling various types of dry bulk and break bulk cargo.

Image Source

Also read: Three new ports in Andhra to help boost maritime trade

Also read: Adani Ports market cap crosses Rs 1 trillion mark

Also read: APSEZ acquires 75 per cent stake in KPCL

Infrastructure Urban

09 Apr 2026

Mineral Auction Rules Amended To Speed Mine Operationalisation

The Ministry of Mines notified the Mineral (Auction) Second Amendment Rules, 2026 on 30 March 2026 to accelerate operationalisation of mines and improve ease of doing business in the mining sector. The amendment follows a prior change to the Mineral (Auction) Rules, 2015 effected on 17 October 2025 that introduced intermediary timelines between issuance of a letter of intent (LoI) and execution of the mining lease. The 2025 change provided that one per cent of performance security would be appropriated for each month of delay by the preferred bidder and introduced incentives for early operatio..

Indian Railways Strengthens Telecom And AI Safety Systems

Indian Railways strengthened its telecom and digital infrastructure during 2025-26 with the aim of improving safety, operational efficiency and the passenger experience. The programme promoted modernisation through advanced technologies, robust communication systems and passenger-centric solutions. These measures were presented as part of a drive to build a digitally integrated rail ecosystem. A key development was the enhancement of the Internet Protocol Multi-Protocol Label Switching (IP MPLS) backbone, commissioned at 1,396 stations to meet bandwidth needs of mission-critical applications. ..

NHAI Holds Workshop on Litigation Management and Coordination

The National Highways Authority of India (NHAI) organised a day-long workshop in New Delhi to strengthen capacity and interdepartmental synergy for faster execution of national highway projects. The event was held under Mission Karmayogi – Sadhana Saptah, an initiative of the Government of India to enhance governance through capacity building and improved processes. The workshop focused on structured and solution oriented deliberations to address implementation constraints. The session was chaired by the NHAI chairman Santosh Kumar Yadav and brought together senior officials from NHAI, the M..