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Source- This post on Gopalpur Port is based on the article “Adani Ports enters agreement to acquire 95 per cent stake in Gopalpur port” published in The Telegraph on 17th September 2024.
Why in News?
Recently, the Odisha government has approved the proposal of Adani Ports and Special Economic Zone Limited (APSEZ) acquisition of 95 per cent of the equity shares of Gopalpur Port from Shapoorji Pallonji Port Maintenance Private Limited and Orissa Stevedores Limited.
About Gopalpur Port
| Aspects | Details |
| Type of Port | Gopalpur Port is a deep-sea port located on the east coast of India in Odisha. |
| Location | It is positioned between Paradip and Visakhapatnam ports. |
| Significance and Strategic Advantages | a. It is close to bauxite-rich regions like Sundargarh, Balangir, Sambalpur, Kalahandi, and central Odisha’s steel clusters. b. The port’s hinterland includes the ib (Jharsuguda) and Talcher coal fields, which together hold about 25% of India’s coal reserves and 100% of Odisha’s reserves. |
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