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Adani Ports & Special Economic Zone Ltd.

BSE: 532921 Sector: Others
NSE: ADANIPORTS ISIN Code: INE742F01042
BSE 10:27 | 19 Feb 401.00 -3.40
(-0.84%)
OPEN

405.00

HIGH

407.10

LOW

397.70

NSE 10:12 | 19 Feb 399.70 -5.75
(-1.42%)
OPEN

407.50

HIGH

407.50

LOW

397.05

OPEN 405.00
PREVIOUS CLOSE 404.40
VOLUME 41538
52-Week high 451.55
52-Week low 291.75
P/E 30.63
Mkt Cap.(Rs cr) 83,045
Buy Price 400.70
Buy Qty 298.00
Sell Price 401.00
Sell Qty 289.00
OPEN 405.00
CLOSE 404.40
VOLUME 41538
52-Week high 451.55
52-Week low 291.75
P/E 30.63
Mkt Cap.(Rs cr) 83,045
Buy Price 400.70
Buy Qty 298.00
Sell Price 401.00
Sell Qty 289.00

Adani Ports & Special Economic Zone Ltd. (ADANIPORTS) - Company History

Adani Ports And Special Economic Zone Ltd (APSEZ) is India's largest private port and special economic zone. The company is engaged in the business of developing operating and maintaining the Mundra Port and Port based related infrastructure facilities including Multi product Special Economic Zone. APSEZ is promoted by Adani Group one of India's largest business conglomerates. APSEZ operates ports in Mundra Dahej Hazira Dhamra and Kattupalli and terminals in Mormugao Visakhapatnam and Kandla (Tuna-Tekra). APSEZ Ports with its presence at ten locations (two in development phase) handles a wide variety of cargo ranging from coal crude containers to fertilizers agri products steel & project cargo edible oil chemicals automobiles etc.Adani Ports And Special Economic Zone Ltd was incorporated as Gujarat Adani Port Ltd (GAPL) in the year 1998 to develop a private port at Mundra on the west coast of India. In October 2001 the company commenced commercial operations. In May 2002 the company signed an agreement with Guru Govind Singh Refineries Ltd (GGSRL) for Crude Oil handling at Mundra. In October 2002 they signed an agreement with Indian Oil Corporation (IOC) for setting up Single Point Mooring (SPM) Facility and Crude Oil Handling at Mundra. In November 2002 they signed an agreement with Indian Railways for integrating Mundra-Adipur railway line with the national rail network.In January 2003 the company signed sub-concession agreement for a container terminal. In July 2003 Container Terminal I became operational. In April 2004 the company entered shareholders agreement with Kutch Railway Company Ltd for Gandhidham - Palanpur gauge conversion.In June 2005 Adani Port Ltd was amalgamated with the company with effect from April 1 2003. In December 2005 Single Point Mooring (SPM) became operational. In April 2006 Mundra Special Economic Zone Ltd and Adani Chemicals Ltd were amalgamated with the company. In July 2006 the name of the company was changed from Gujarat Adani Port Ltd to Mundra Port and Special Economic Zone Ltd (MPSEZ) to reflect the nature of business.In March 2007 the company commissioned two additional berths for bulk cargo operation at Terminal II. In April 2007 the company singed Port Services Agreement with Tata Power promoted power generation company for handling imported coal cargo. In October 2007 the company came out with the initial public offer (IPO) and in November 2007 their shares were listed on National Stock Exchange (NSE) and Bombay Stock Exchange (BSE). In February 2008 the company signed Port Services Agreement with Maruti Suzuki India Ltd for handling car exports. In January 2009 ADANI Auto Terminal commenced Terminal Operation. During the year 2009-10 the company incorporated Adani Murmugao Port Terminal Pvt Ltd Adani Hazira Port Pvt Ltd and Mundra International Airport Pvt Ltd as wholly owned subsidiaries companies. Also Adani Petronet (Dahej) Port Pvt Ltd a joint venture of the company and Petronet LNG Ltd. (PLL) for development of solid cargo port project at Dahej Gujarat became a subsidiary company. Adani Logistics Ltd and Inland Conware (Ludhiana) Pvt Ltd merged with Inland Conware Pvt Ltd. Further Inland Conware Pvt Ltd was renamed as Adani Logistics Ltd. During the year 2010-11 the company incorporated Adani Vizag Coal Terminal Pvt Ltd Adani International Container Terminal Pvt Ltd Mundra Port Pty Ltd Australia and Mundra Port Holdings Pty Ltd Australia as subsidiary companies. In September 2010 the promoter entities of the company merged with Adani Enterprises Ltd (AEL). Consequently AEL became the holding company in place of erstwhile Adani Infrastructure Services Pvt Ltd. On 12 December 2010 Mundra Port West basin commenced its commercial operations with the berthing of its first cargo vessel M.V. CSK Beilun with LOA of 289 mtrs and beam of 45 mtrs. With the commissioning of the West Basin Mundra Port is poised to become the world largest coal import terminal.The name of the company was changed from Mundra Port and Special Economic Zone Ltd to Adani Ports and Special Economic Zone Ltd with effect from January 6 2012.On 2 July 2012 APSEZ's subsidiary Adani Kandla Bulk Terminal Pvt. Ltd. signed a concession agreement with the Kandla Port Trust to set up a dry bulk terminal at the Kandla port on build operate and transfer basis.On 2 July 2013 APSEZ announced that it has formed a joint venture with Switzerland-based MSC Mediterranean Shipping Company the world's leading shipping company to operate a new container terminal at Mundra port.On 12 September 2013 APSEZ announced that its Mundra port had handled 151229 metric tonnes of steam coal in 24 hours thus setting a new national record in coal cargo handling in the country.On 18 December 2013 APSEZ announced the completion of a Rs 400-crore steam coal import terminal at Visakhapatnam port eight months ahead of schedule marking an entry on the east coast of India.On 30 December 2013 APSEZ announced the successful handling of the first liquid consignment at its Hazira port. Mundra Port the flagship port of APSEZL achieved a new landmark of handling 100 million metric tonnes in FY 13-14. On 16 May 2014 APSEZ today announced that it has executed a definitive agreement with L&T Infrastructure Development Projects Limited and Tata Steel Limited to acquire Dhamra port located on the East Coast of India in the state of Odisha at an enterprise value of Rs. 5500 crore. On 16 July 2014 APSEZ received the environment and coastal regulation zone clearance from the Union Ministry for Environment and Forests for its special economic zone (SEZ) in Mundra. The SEZ is spread across 8481 hectares in Mundra and includes the Mundra port.On 10 February 2015 APSEZ announced the commissioning of a bulk terminal at Tuna Tekra Kanda Port with an annual handling capacity of over 20 million tones.On 5 December 2015 APSEZ formally began the development of an international transhipment project in Vizhinjam Kerala. On 20 September 2016 Abbot Point Operations Pty Ltd (APO) an Australian subsidiary of APSEZ entered into an agreement to acquire ownership of Abbot Point Bulkcoal Pty Ltd (APB) an Australian registered company performing the operations and maintenance activities of Abbot Point Coal Terminal in Queensland Australia. On 20 April 2017 Adani Logistics Ltd. a subsidiary of APSEZ announced the commissioning of commercial operations at its Multimodal Logistics Park at Kilaraipur Ludhiana in Punjab.On 25 April 2017 APSEZ announced the commissioning of a new container terminal at Mundra port as a joint venture project with CMA Terminals (CMAT) - part of the France based CMA CGM group owner of one of the world's leading Container Carriers and port operators. APSEZ and CMA CGM will jointly operate the container terminal for 15 years. The partnership has an option to extend the contract twice for 10 more yearsOn 1 June 2017 APSEZ announced that it has begun the construction of the first berth at India's premier and ambitious international transhipment project in Vizhinjam Kerala. The port location is selected to tap the potential of development as a deep water international multi-cargo port.