Adani Ports is currently trading at Rs. 1296.15, up by 15.20 points or 1.19% from its previous closing of Rs. 1280.95 on the BSE.
The scrip opened at Rs. 1291.15 and has touched a high and low of Rs. 1307.50 and Rs. 1281.00 respectively. So far 48723 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 1356.50 on 04-Mar-2024 and a 52 week low of Rs. 571.35 on 28-Mar-2023.
Last one week high and low of the scrip stood at Rs. 1307.50 and Rs. 1228.30 respectively. The current market cap of the company is Rs. 280418.44 crore.
The promoters holding in the company stood at 65.89%, while Institutions and Non-Institutions held 26.73% and 7.38% respectively.
Adani Ports and Special Economic Zone (APSEZ) has entered into a definitive agreement on March 25, 2024 to acquire 95% stake of Gopalpur Ports (GPL) from the existing shareholders [56% stake from SP Port Maintenance (SP Group) and around 39% stake from Orissa Stevedores (OSL)] of GPL.
The acquisition is made at an enterprise value of Rs 3,080 crore, and the transaction is subject to statutory approvals and fulfilment of other conditions precedents. Gopalpur port is located on the east coast of India and has the capacity to handle 20 MMTPA. The Government of Odisha awarded a 30-year concession to GPL in 2006, with the provision of two extensions of 10 years each.
As a deep draft, multi-cargo port, Gopalpur handles a diverse mix of dry bulk cargo, including iron ore, coal, limestone, ilmenite, and alumina. The port plays an important role in supporting the growth of mineral-based industries in its hinterland, like iron & steel, alumina and others. The concessionaire has full flexibility to design and expand the port as per the market demand. GPL has received more than 500 acres of land on lease for development, with an option to receive additional land on lease to meet future capacity expansions.
The port is well connected with its hinterland through the national Highway NH16 and a dedicated railway line connects the port with the Chennai-Howrah main line.
Adani Ports and Special Economic Zone, a part of globally diversified Adani Group, is the largest integrated logistics player in India.
| Company Name | CMP |
|---|---|
| Adani Ports &Special | 1132.80 |
| JSW Infrastructure | 306.10 |
| Gujarat Pipavav Port | 178.75 |
| Paradeep Parivahan | |
| View more.. | |
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