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JSPL buys 60% in Gopalpur Ports

JSPL buys 60% in Gopalpur Ports

Jindal Steel & Power (JSPL) is acquiring 60 per cent stake in Gopalpur Ports. JSPL will buy Sara International’s 50 per cent stake and Orissa Stevedores 10 per cent stake in Gopalpur Ports. Gopalpur Ports was formed in 2006 as a 50:50 JV between Sara International and Orissa Stevedores to build a new port at Gopalpur.

The port project was awarded by the Orissa government for development and operations for an initial period of 30 years.

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