Adani Ports and Special Economic Zone

Add to watch list to get report alerts
BSE Code: 532921       NSE Code: ADANIPORTS

Business Profile
Business Profile
Mundra Port and Special Economic Zone, part of the Adani group, is the developer and operator of Mundra Port in Gujarat. The company was incorporated as Gujarat Adani Port on May 26, 1998 and got its current name on July 7, 2006.

The Mundra port is one of the leading non-captive private sector ports in India based on volume of cargo during fiscal 2007. Located in the Kutch district of Gujarat, the company is engaged in providing port services for bulk cargo, container cargo, crude oil cargo, and value-added port services including railway services. It has exclusive right to develop and operate Mundra port and related facilities until February 2031. The company is to develop a multi-product SEZ in Mundra and the surrounding areas on approximately 6,568 acres of land. In addition, the company also generates income from land-related and infrastructure activities.

The company has a long-term agreement with IOCL to handle crude oil. It constructed the Mundra-Adipur railway which transports bulk and container cargo from the Mundra port to inland cargo centers via the Indian railway network. Till June 30, 2007, Mundra Port has handled approximately 62.6 million tons of cargo comprising of approximately 42.2 million tons of bulk cargo, 5.6 million tons of crude oil cargo and 14.8 million tons of container cargo. In 2006, the company was awarded the title of Best Port Authority in the Middle East and Indian Subcontinent by Lloyd`s List.

The company has customers like the Container Sub-concessionaire,
IOCL, Indian Railways, Indian Farmers Fertilisers Cooperative, Food Corporation of India and some of the Adani Group companies such as Adani Enterprises and Adani Wilmar.

The registered and corporate office is at Adani House, Near Mithakhali Six Roads, Navrangpura, Ahmedabad-380009.

Financials
The company reported a sharp rise in standalone net profit for the quarter ended March 2009. During the quarter, the profit of the company rose 65.96% to Rs 1,511.91 million from Rs 911.03 million in the same quarter previous year. Net sales declined 13.43% to Rs 2,845 million, while total income for the quarter fell 13.78% to Rs 3,014.02 million, when compared with the prior year period. It posted earnings of Rs 3.77 a share during the quarter, registering 66.81% growth over previous year period.

Technical Report on MUNDRAPORT     Source: Centre for Equity and Economic Research

Mundra Port extends losses

07 Aug 09 03:22 PM
Money Control
Other Information
Annual Reports for Adani Ports and Special Economic
Annual Report YearDownload Annual ReportDownload Report Preview
2022-23
2021-22
2020-21
2019-20
2018-19
2017-18
2016-17
2015-16
2014-15
2013-14
2012-13
2011-12
2010-11
2009-10
2008-09
2007-08
2006-07
2005-06
2004-05
2000-01
1999-00
1998-99

Please Note: Clicking on the download link will add the report to your downloaded reports. You will be able to download it at any time during the subscription period.

Free reports will not be deducted from your subscription.


Request a Report
Close
Select Year   
Description