Adani Ports and Special Economic Zones (APSEZ) has received regulatory approvals for the acquisition of a stake in Gangavaram Port Limited (GPL). In March 2021, APSEZ had announced a 31.5% stake held by Windy Lakeside Investment Limited (an affiliate of Warburg Pincus) in Gangavaram Port Limited (GPL). The acquisition is valued at INR 19.54 billion (US$ 268.10 million).

Located in the northern part of Andhra Pradesh next to Vizag Port, the GPL is the second-largest nonmajor port in Andhra Pradesh with a 64 MMT capacity established under a concession from the Government of Andhra Pradesh that extends till 2059. The multi-purpose port is capable to handle vessels of super-cape size up to 200,000 DWT. Currently, GPL operates 9 berths and has free-hold land of 1,800 acres.