 "Shapoorji Pallonji Group to invest Rs 2,000 crore in Odisha's Gopalpur port")
The $6-billion Shapoorji Pallonji Group, which has acquired a controlling stake in Gopalpur port off the coast of southern Odisha, has pledged an investment of Rs 2,000 crore to ramp up the port's cargo volumes.
The port's cargo handling capacity is envisaged to be raised to 20 million tonnes per annum (mtpa) in the first phase, said a source close to the development. The port will achieve this planned cargo growth by 2020. Two new berths would be added in this expansion. The berths are being designed to handle bulk commodities — iron ore, coal, cement, steel and limestone. The
