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Adani Ports & Special Economic Zone Ltd.

BSE: 532921 Sector: Others
NSE: ADANIPORTS ISIN Code: INE742F01042
BSE LIVE 15:43 | 21 Sep 410.05 0.50
(0.12%)
OPEN

410.70

HIGH

414.30

LOW

406.00

NSE 15:52 | 21 Sep 410.20 0.50
(0.12%)
OPEN

407.00

HIGH

414.70

LOW

406.00

OPEN 410.70
PREVIOUS CLOSE 409.55
VOLUME 1156440
52-Week high
52-Week low
P/E 27.50
Mkt Cap.(Rs cr) 84,919
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 410.70
CLOSE 409.55
VOLUME 1156440
52-Week high
52-Week low
P/E 27.50
Mkt Cap.(Rs cr) 84,919
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00

Adani Ports & Special Economic Zone Ltd. (ADANIPORTS) - Chairman Speech

Company chairman speech

Dear shareholders

At a time when the world is looking at India with a greater hope than at any time inthe past the philosophy of the great visionary becomes our guiding light. The world seesin India opportunities for partnership at a time when our economy appears decoupled fromglobal uncertainties; the world is also seeing India as a catalyst that will have adefinite role in lifting the global economy out of a multi-year slump.

The great Indian story represents a beacon of hope. The accelerated pace of economicreforms in India is possibly the fastest across the world. The size speed andimplications of the structural shifts could not have been contemplated even as recently asa few years ago. With reference to the giant strides made India has demonstratedcreditable resilience in the most challenging of times for the global economy in recenthistory.

India in fact is the finest asset class across the globe today. This resilience hasmeant that India reported GDP growth of 7.1 per cent during the last financial year anhonourable headline concurring with one of the most dramatic macroeconomic shifts: anattempt to formalise a largely unorganised economy into an organised one followingcurrency demonetisation. In the era of open economies robust ports have a critical rolein driving economic growth. The ports sector facilitates India's interaction with theworld; it provides a gateway of products into and out of the country. At Adani Ports webelieve that India's ports need to play a bigger role than just providing physicalinfrastructure; they need to help moderate logistic costs from 6-10% of the average retailprice to the global benchmark of around 4-5% enhancing the country's globalcompetitiveness. At Adani Ports the business may be ports but the story isquintessentially India. Adani Ports was conceived around a singular idea: asolutions-driven organization rather than merely of passive infrastructure. Thisdifferentiation has had across-the-business implications: Adani Ports is not engaged inbusiness with the singular objective to capture market share; the company is driven by theprospect of expanding the market. Adani Ports is not a single-location infrastructurefirm; the company is a multi-location complement of ten ports driven by the vision ofshifting the world's gravity towards India. Adani Ports has not merely invested in cranesconcrete and land; the company has invested in a platform that provides global and Indiancompanies an opportunity to profitably grow their businesses.

Adani Ports does more than what a normal port would engage in; the company hasprogressively diversified from ports to allied services (logistics SEZ and strategicpartnership opportunities); from one port to ten ports across India's east west and southcoast; from largely a coal importer to one engaged in handling (import and export) ofmulti-commodity (containers liquid and dry bulk cargos).

I proudly observe that Adani Ports has translated this vision into an operationalengine that makes it one of the fastest port companies in the world and possibly the mostprofitable port company in India. The company reported 19 per cent growth in revenues in2016-17 corresponded by a 35 per cent increase in profit after tax.

Adani Ports is one of the most attractive proxies of India's ports sector. With itsdiversity across locations commodities handled and services offered Adani Portsrepresents the Great Indian Opportunity: a resilient economy with consumption aspirationsand competitiveness. At Adani Ports we believe that community welfare and environmentresponsibility go hand in hand with corporate growth. This commitment is reflected in aconsistent spending of a proportion of our post-tax profit in CSR activities higher thanthe stipulated 2 per cent of bottomline spending. As a matter of fact we began doing thismore than a decade ahead of it becoming mandatory. Today while we are proud of what wehave achieved within our core business we draw a deeper satisfaction from the ways in wehave transformed destinies across 1 lac students 6 lac healthcare beneficiaries and morethan 11 lac people across 1470 villages through better physical and socialinfrastructure. At Adani Ports the outlook appears attractive and I would like to thankour customers employees shareholders bankers governments and the Board for theircontinued support.

Gautam Adani

Chairman