AsiaPorts and Logistics

Adani Ports takes control of Gangavaram Port

India’s largest private port operator Adani Ports and Special Economic Zone (APSEZ) has taken control of  Gangavaram Port in Andhra Pradesh by acquiring another 58.1% stake in the port.

Earlier this month, Adani Ports entered into an agreement with private equity firm Warburg Pincus to acquire 31.5% of Gangavaram Port.

The port operator has now acquired another 58.1% stake of Gangavaram Port from DVS Raju & Family, with the remaining 10.4% held by the local government.

Gangavaram Port handles a diverse mix of dry bulk commodities and it is the gateway port for a hinterland spread over 8 states across eastern, western, southern and central India.

“The acquisition is in line with company’s strategy of East Coast to West Coast parity and will provide an access to growth from new hinterland markets as it has coverage in resource rich and industrial belt in Eastern, Central & Southern India,” Adani Ports said in a release.

Jason Jiang

Jason is one of the most prolific writers on the diverse China shipping & logistics industry and his access to the major maritime players with business in China has proved an invaluable source of exclusives. Having been working at Asia Shipping Media since inception, Jason is the chief correspondent of Splash and associate editor of Maritime CEO magazine. Previously he had written for a host of titles including Supply Chain Asia, Cargo Facts and Air Cargo Week.
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