-17.90 (-1.12%) Adani Ports and Special Economic Zone’s (APSEZ) step down subsidiary -- Adani Agri Logistics (AALL) has incorporated wholly owned subsidiary namely ‘HM Agri Logistics’ on February 28, 2023. HM Agri Logistics has been incorporated for the purpose of development, design, construction, financing, procurement, engineering, operation and maintenance of Silo Complexes (Spoke Silo Complex) without Container Depot on Design, Build, Finance, Own and Operate basis under PPP mode at various locations across India. The Cost of acquisition is Rs 5,00,000 (50,000 Equity Shares of Rs 10 each).
Adani Ports and Special Economic Zone, a part of globally diversified Adani Group, is the largest integrated logistics player in India.