Retail Investors of Adani Ports and Special Economic Zone Limited are searching for the Adani Ports News everywhere. They are also coming to share market experts and Investment Consultants asking about the Adani Ports News. In this article we will give you the latest developments about the company so that the Investors can make an informed decision.
Adani Ports and Special Economic Zone Limited (APSEZ) is India’s largest port operator, accounting for over 25% of the country’s cargo volume. The company is also the world’s largest private port operator. APSEZ has a portfolio of 12 ports in India, including the largest port in the country, Mundra Port.
Recent Developments
Here are some of the latest developments and news about APSEZ:
- APSEZ reports record cargo volume in FY23: APSEZ handled a record 339.2 million tonnes of cargo in FY23, up 14.2% from the previous year. This growth was driven by strong performance across all cargo segments, including dry bulk, liquid bulk, and container cargo.
- APSEZ expands its global footprint: APSEZ has been expanding its global footprint in recent years. In FY23, the company acquired a 49.38% stake in Indian Oiltanking Ltd, a leading provider of oil and gas storage and transportation services. APSEZ also won a tender to privatize Israel’s Haifa Port, in partnership with Gadot.
- APSEZ invests in new technologies: APSEZ is investing heavily in new technologies to improve its operational efficiency and customer service. The company is using automation, artificial intelligence, and other technologies to streamline its operations and reduce costs.
Recent News
Here are some of the recent news stories about APSEZ:
- Adani Ports & Special Economic Zone Share Price Jumps on Record Profit: Adani Ports & Special Economic Zone (APSEZ) share price jumped 5% on September 8, 2023, after the company reported a record profit of ₹2,194.63 crore in the June quarter of FY24. The profit was up 65% from the same quarter in the previous year.
- Adani Ports to Expand Haldia Dock’s Capacity in Bengal: Adani Ports & Special Economic Zone (APSEZ) plans to expand the capacity of Haldia Dock in Bengal by 10 million tonnes per annum (MTPA). The expansion is expected to cost ₹1,000 crore and will be completed in two years.
- Adani Ports Acquires Karaikal Port for Rs 1,485 Crores: Adani Ports & Special Economic Zone (APSEZ) has acquired Karaikal Port in Puducherry for Rs 1,485 crores. The acquisition will give APSEZ access to the growing market in southern India.
Future Plans
APSEZ has ambitious plans for the future. The company aims to become the world’s largest transport utility by 2025. To achieve this goal, APSEZ is investing heavily in expanding its capacity and diversifying its services.
APSEZ plans to increase its cargo volume to 1 billion tonnes by 2030. The company is also investing in developing new ports and terminals, as well as expanding its multimodal logistics business.
Conclusion
Adani Ports and Special Economic Zone Limited is a leading port operator with a strong track record of growth. The company is well-positioned to benefit from the growing Indian economy and the global trade boom. APSEZ’s ambitious plans for the future make it an attractive investment opportunity for investors.
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