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Shapoorji Pallonji divests Gopalpur port for Rs 33.5 bn

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...

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Adani Ports Q3 net profit up 26percent

Adani Ports Q3 net profit up 26percent

Adani Ports and Special Economic Zone (APSEZ) has reported a healthy 25.82 per cent jump in consolidated net profit to Rs 849.75 crore for the quarter ended December 2016, on the back of increased income. APSEZ is the country's largest port developer and the logistics arm of Adani Group.

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Adani Ports to complete terminal

Adani Ports to complete terminal

Adani Ports and Special Economic Zone (APSEZ) Ltd aims to complete expansion of Adani International Container Terminal Pvt. Ltd (AICTPL) at Mundra port by 2017 to create a transhipment hub for the Middle East, South Asia and India.