ADANI PORT & SEZ LTDShort
Adani Ports Buy On 200 Weeks EMA
Adani Ports and Special Economic Zone Limited (APSEZ) is India's largest private port operator and an integral part of the Adani Group, a prominent Indian multinational conglomerate. Established in 2001, APSEZ has significantly expanded its operations, managing a network of 12 ports and terminals across seven maritime states in India, including Gujarat, Maharashtra, Goa, Kerala, Andhra Pradesh, Tamil Nadu, and Odisha. ([Wikipedia]
**Key Details:**
- **Founded:** 2001
- **Headquarters:** Ahmedabad, Gujarat, India
- **Managing Director & CEO:** Karan Gautam Adani
**Core Business Segments:**
1. **Port Operations:**
- Development, operation, and maintenance of port infrastructure.
- Handling diverse cargo types, including dry bulk, liquid bulk, and containers.
2. **Logistics:**
- Integrated logistics solutions encompassing inland container depots, warehousing, and transportation services.
- Ownership and operation of a private railway network to facilitate efficient cargo movement.
3. **Special Economic Zones (SEZ):**
- Development of industrial zones with robust infrastructure to promote trade and manufacturing activities.
- Notably, APSEZ developed India's first port-based SEZ at Mundra.
**Global Presence:**
Beyond its extensive operations in India, APSEZ has expanded internationally:
- **Haifa Port, Israel:** In 2023, APSEZ acquired a 70% stake in Haifa Port for $1.2 billion, enhancing its strategic footprint in the Middle East. ([reuters.com]
- **Colombo Port, Sri Lanka:** APSEZ holds a 51% stake in a new terminal at Colombo Port, with operations expected to commence soon. ([reuters.com]
**Financial Highlights:**
As of the fiscal year ending March 31, 2024, APSEZ reported:
- **Revenue:** ₹267.11 billion, a 28.10% increase from the previous year.
- **Net Income:** ₹81.11 billion, reflecting a 52.74% growth. ([Financial Times Markets]
**Recent Developments:**
In November 2024, APSEZ faced legal challenges when U.S. authorities indicted the company and key executives on charges of a $265 million bribery scheme to secure power supply contracts in India. The Adani Group has denied these allegations. ([AP News](
Despite these challenges, APSEZ continues to play a pivotal role in India's maritime infrastructure, contributing significantly to the nation's trade and economic growth.
**Key Details:**
- **Founded:** 2001
- **Headquarters:** Ahmedabad, Gujarat, India
- **Managing Director & CEO:** Karan Gautam Adani
**Core Business Segments:**
1. **Port Operations:**
- Development, operation, and maintenance of port infrastructure.
- Handling diverse cargo types, including dry bulk, liquid bulk, and containers.
2. **Logistics:**
- Integrated logistics solutions encompassing inland container depots, warehousing, and transportation services.
- Ownership and operation of a private railway network to facilitate efficient cargo movement.
3. **Special Economic Zones (SEZ):**
- Development of industrial zones with robust infrastructure to promote trade and manufacturing activities.
- Notably, APSEZ developed India's first port-based SEZ at Mundra.
**Global Presence:**
Beyond its extensive operations in India, APSEZ has expanded internationally:
- **Haifa Port, Israel:** In 2023, APSEZ acquired a 70% stake in Haifa Port for $1.2 billion, enhancing its strategic footprint in the Middle East. ([reuters.com]
- **Colombo Port, Sri Lanka:** APSEZ holds a 51% stake in a new terminal at Colombo Port, with operations expected to commence soon. ([reuters.com]
**Financial Highlights:**
As of the fiscal year ending March 31, 2024, APSEZ reported:
- **Revenue:** ₹267.11 billion, a 28.10% increase from the previous year.
- **Net Income:** ₹81.11 billion, reflecting a 52.74% growth. ([Financial Times Markets]
**Recent Developments:**
In November 2024, APSEZ faced legal challenges when U.S. authorities indicted the company and key executives on charges of a $265 million bribery scheme to secure power supply contracts in India. The Adani Group has denied these allegations. ([AP News](
Despite these challenges, APSEZ continues to play a pivotal role in India's maritime infrastructure, contributing significantly to the nation's trade and economic growth.
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