Adani Ports acquires a 95% stake in Gopalpur Ports Limited
NewsThe acquisition is subject to approval from the Commerce and Transport Department, Govt. of Odisha, and Adani expects it to be completed by Q1 FY25.
In a move that is certain to annoy the Indian government, Pohang Steel Company (POSCO) of South Korea, which is building a steel plant in the eastern Indian state of Orissa at a cost of US$12B, has formally submitted a plan to develop its own captive port for the facility.
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