 "Odisha okays majority stake acquisition by Pallonji group in Gopalpur port")
The Odisha government has given its nod for the sale of 51 per cent stake in Gopalpur port to the Shapoorji Pallonji Group, owned by Cyrus Mistry’s family.
This is a major acquisition by the group after the ouster of Mistry as the chairman of Tata Sons. The port is expected to service a 3,000-acre industrial park and special economic zone being set up by Tata Steel nearby.
Gopalpur port, in south Odisha, was promoted by GPL Ltd and jointly owned by Orissa Stevedores Limited (OSL), New Delhi-based Sara International Limited (SIL). It currently has a multi-purpose berth with 3.5
