Adani Ports and Special Economic Zone Ltd.

Adani Ports and Special Economic Zone is currently trading at Rs. 1575.00, up by 137.30 points or 9.55% from its previous closing of Rs. 1437.70 on the BSE.

The scrip opened at Rs. 1575.00 and has touched a high and low of Rs. 1575.00 and Rs. 1575.00 respectively. So far 25947 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 1457.25 on 27-May-2024 and a 52 week low of Rs. 702.85 on 23-Jun-2023.

Last one week high and low of the scrip stood at Rs. 1457.25 and Rs. 1373.85 respectively. The current market cap of the company is Rs. 310563.18 crore.

The promoters holding in the company stood at 65.89%, while Institutions and Non-Institutions held 26.81% and 7.30% respectively.

Adani Ports and Special Economic Zone’s (APSEZ) wholly owned subsidiary -- Adani International Ports Holdings Pte (AIPH) has signed a 30-year concession agreement with the Tanzania Ports Authority to operate and manage a terminal at the Dar es Salaam Port in the east African country.

The Dar es Salaam Port is a gateway port with a well-connected network of roadways and railways, and concession agreement signed by Adani International Ports Holdings marks the entry of Adani Ports into Tanzania.

Adani Ports-led consortium will acquire the project company in Tanzania, which houses all port handling equipment and employees, for an amount of $39.5 million. East Africa Gateway (EAGL) has been incorporated as a joint venture of AIPH, AD Ports Group, and East Harbour Terminals (EHTL). APSEZ will be the controlling shareholder and will consolidate EAGL on its books. 

EAGL has signed a share purchase agreement for the acquisition of 95 per cent stake in Tanzania International Container Terminal Services (TICTS) from Hutchison Port Holdings (and its affiliate Hutchison Port Investments) and Harbours Investment for a purchase consideration of $39.5 million. The signing of the concession for Container Terminal 2 at Dar es Salaam Port is in line with APSEZ’s ambition of becoming one of the largest port operators globally by 2030.

Adani Ports and Special Economic Zone, a part of globally diversified Adani Group, is the largest integrated logistics player in India.