Adani Ports and Special Economic Zone Ltd (APSEZ) has acquired Gangavaram Port (GPL) in India, followed by the purchase of a 10.4% stake in the Government of Andhra Pradesh’s (GoAP) amounting to approximately US$87.4 million.
GPL which was established under the concession from the Government of Andhra Pradesh (GoAP), has an operational capacity of 64 million metric tonnes (MMT) and during the fiscal year 2021 (FY21), it recorded a cargo volume of 32.8 MMT, revenue of US$1.43 billion and Earnings...
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