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Adani Ports & Special Economic Zone Ltd.

BSE: 532921 Sector: Others
NSE: ADANIPORTS ISIN Code: INE742F01042
BSE LIVE 13:53 | 26 Apr 323.40 -8.15
(-2.46%)
OPEN

332.00

HIGH

333.95

LOW

322.90

NSE 13:37 | 26 Apr 325.20 -6.15
(-1.86%)
OPEN

332.45

HIGH

333.90

LOW

324.00

OPEN 332.00
PREVIOUS CLOSE 331.55
VOLUME 185653
52-Week high 358.00
52-Week low 170.15
P/E 23.66
Mkt Cap.(Rs cr) 66974.52
Buy Price 323.30
Buy Qty 382.00
Sell Price 323.55
Sell Qty 295.00
OPEN 332.00
CLOSE 331.55
VOLUME 185653
52-Week high 358.00
52-Week low 170.15
P/E 23.66
Mkt Cap.(Rs cr) 66974.52
Buy Price 323.30
Buy Qty 382.00
Sell Price 323.55
Sell Qty 295.00

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

Adani Ports And Special Economic Zone Ltd 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. 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. In December 12, 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. The company is in the process of setting up coal cargo terminals at Murmugao Port, Goa. They are developing a non-LNG multi-user, multi-cargo port facility at Hazira under the sub-concession route.