In a strategic move to fortify its foothold on the east coast of India, the Adani Group has announced the acquisition of Gopalpur Port in Odisha.
Situated in Ganjam district, Gopalpur Port will mark the sixth addition to Adani’s portfolio of ports on the east coast, joining the ranks of Dhamra, Gangavaram, Krishnapatnam, Katupalli, and Karaikal. The acquisition of Gopalpur Port is set to significantly enhance the Adani Group’s cargo handling capabilities in the region, adding a capacity of 20 million tonnes per annum (mtpa) to its existing capacity of 252 mtpa on the east coast. This move further solidifies Adani’s position as a key player in the Indian port industry, with a total capacity of 607 mtpa across 14 ports nationwide. Despite being nestled between two government-owned major ports, Visakhapatnam and Paradip, Gopalpur Port’s acquisition is not anticipated to impact the operations of these ports due to the geographical distance, according to industry sources. Over the past two decades, the Adani Group has consistently demonstrated its prowess in port operations and management, showcasing efficiency and adherence to global standards.
The acquisition of Gopalpur Port underscores Adani’s commitment to expanding its infrastructure footprint strategically, capitalising on growth opportunities in key regions. With India’s burgeoning trade volumes and increasing demand for efficient cargo handling, Adani’s expansion initiatives align with the nation’s infrastructure development goals. As Adani Group further strengthens its presence on the east coast, industry observers anticipate enhanced efficiencies and increased competitiveness in the regional port landscape. The acquisition of Gopalpur Port represents a strategic milestone in Adani’s journey towards bolstering its position as a leader in India’s port and logistics sector.
