Team News Riveting
Ahmedabad, January 10
The consortium of India’s Adani Ports and Special Economic Zone Ltd (APSEZ) and Israel’s
Gadot Group (Gadot) has completed the acquisition of Haifa Port Company (HPC) from the government of Israel.
On 15th July ’22, we announced that the consortium of Adani Ports and Gadot Group (with
70:30 shareholding) had won the competitive bid for the privatization of HPC at an offer
price of NIS 4.1 Bn, equivalent to USD 1.18 Bn. The concession period of the port is up to
2054.
Adani Ports and Special Economic Zone Ltd (APSEZ), a part of the globally diversified Adani Group
has evolved from a port company to an Integrated Transport Utility providing an end-to-end solution
from its port gate to customer gate. It is the largest port developer and operator in India with 6
strategically located ports and terminals on the west coast (Mundra, Dahej, Tuna and Hazira in
Gujarat, Mormugao in Goa, and Dighi in Maharashtra) and 6 ports and terminals on the East coast
of India (Haldia in West Bengal, Dhamra in Odisha, Gangavaram and Krishnapatnam in Andhra
Pradesh, and Kattupalli and Ennore in Tamil Nadu) representing 24 per cent of the country’s total port
capacity, thus providing capabilities to handle vast amounts of cargo from both coastal areas and
the hinterland.
The company is also developing two transshipment ports at Vizhinjam, Kerala and
Colombo, Sri Lanka.
