In India, Adani’s most recent expansion push was a deal to acquire a 95% stake in Gopalpur Port, an emerging east coast gateway, for some $162m. With countrywide terminal operations, spanning 14 port locations, the group is already close to controlling 50% of India’s containerised ocean...
Trial operations of the first phase of the project, which has a capacity of 1 million TEU, began in July, and full-scale commercial operations are expected to begin next month, officials said earlier. Kerala Chief Minister Pinarayi Vijayan said in a post on X that as the port's second an...
Last year, DP World reportedly signed a 30-year concession deal with the Tanzania Ports Authority (abbreviated as TPA) to operate and advance a portion of the port. The two operators’ entry at the port of Dar comes during a time when the port’s competitiveness has been in a downward sp...
India’s Adani Group is the front-runner to develop Sri Lanka’s stalled East Container Terminal in Colombo port, people with knowledge of the matter said, helping billionaire Gautam Adani expand his port business overseas. Adani Ports and Special Economic Zone Ltd. and a local partner received ...
Last month,APSEZ completed the acquisitionof India’s Government of Andhra Pradesh’s (GoAP) 10.4% stake in Gangavaram Port in an $88.36m (Rs6.45bn) deal. Both the APSEZ and GPL boards sanctioned the merger. This transaction values GPL at $1.63 (Rs120) a share, with a fair value of...
Which port is built by Adani? Takedown requestView complete answer on en.wikipedia.org Who owns most ports in India? Takedown requestView complete answer on marineinsight.com Why is Mumbai airport given to Adani? Takedown requestView complete answer on freepressjournal.in ...
Indian private-sector conglomerate Adani has declared force majeure at its Gangavaram port in eastern India following a disruption in operations because of protests by some employees. Cargo handling services and other associated operations have come to a standstill since 12 April because of "agitation...
reviewing the impact of the indictment against Gautam Adani on the agency's plan to lend $550 million for a port development project in Sri Lanka partly owned by Adani Group. Last November, the agency said it would provide financing for the port terminal project in the...
Adani Ports’ Indian network extends to 13 port locations – including its flagship, Mundra – cumulatively accounting for roughly 45% of India’s containerised trade. It is set to officially launch its Vizhinjam container transhipment terminal in the south, a project that has already made headlin...
If a deal is agreed, the government said there would be safeguards to ensure Kenya’s national interests are protected. (Reuters) Related NewsAdani & Sri Lanka’s renewable energy: A G2G project? Complaint lodged to HRCSL against Adani Group (Video) Construction of Colombo Port’s WCT begins...