Bhubaneswar: The Odisha Cabinet led by Chief Minister Mohan Charan Majhi on Thursday approved the transfer of equity shares for Gopalpur Ports to Adani Group. Gopalpur Ports Ltd has sought permission for transfer of 95% of equity shares to Adani Ports and Special Economic Zone Limited (APSEZ) from Shapooril Pallonji Port Maintenance Private Limited (SPPML) – 56% and from Orissa Stevedores Limited (OSL)- 39%. Following the due procedure, the Cabinet has approved the proposal for the transfer of equity shares to Adani Ports & SEZ Ltd. from Shapoorji Pallonji Port Maintenance Private Limited and from Orissa Stevedores Limited along with permission to sign the Revised Concession Agreement thereo
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