Top gainer in Nifty today, Adani Ports share price rises nearly 3%: Key Details highlighted for Investors

Adani Ports share price made a high of Rs 824 today, Adani share price is Rs 817, up Rs 19, or 2.4%. The 52 week high on the stock is Rs 885 and the market cap of the company is Rs 1.67 lk cr. Adani Ports is India’s largest private port operator and logistics service provider. It is also the only Adani Group stock to be a part of the Nifty 50 index. The stock was added in 2015.

Adani Ports and Special Economic Zone informed the exchanges that in the month of May, 2021, Adani Ports handled cargo volume of 25.65 MMT thus registering a growth of 79% on YoY basis. In the container segment, the company handled container volume of 0.72 MN TEU’s thus registering a growth of 67 % YoY. Mundra port handled container volume of 0.56 MN TEU’s thus registering a growth of 61% YoY. 

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Adani Ports manages 13 ports in India, one port in Myanmar, and owns a majority stake in a port in Sri Lanka. Apart from this, the company’s wholly-owned subsidiary Adani Logistics provides end-to-end logistics service in industries like container, bulk, chemical, auto, and liquid across India.

Adani Agri Logistics Ltd. – unit of Adani Logistics, is India’s largest player with a 45% market share in the modern agri storage space. The company also has large-scale ‘ready to setup’ industrial land (SEZ) with a land bank of 13,000 hectares at Mundra, Dhamra, Kattupalli & Krishnapatnam.

Leveraging the advantage of robust port infrastructure, SEZs become a good investment opportunity for diversified industries. The western coast accounts for 80% of SEZ land bank share, while the balance is on the Eastern coast. Usually, SEZ business revenues contribute to around ₹ 800-1,000 crore every year.

Adani Logistics operates 5 multi-modal logistics parks at Kanech, Kilaraipur, Patli, Kishangarh, and Malur, and 1 logistic park at Nagpur which is under development. It started its rail operations in 2006 and is now the largest private rail operator in India. It also provides supply chain solutions for auto OEMs and ancillaries and has a dedicated Ro-Ro facility available at ports. The company plans to develop 15+ multi-modal logistics parks by FY25.

Adani Ports currently has developed 12 ports, where it grew its capacity 50 times from 10 MMT to 490 MMT, within a span of just 12 years. It is amongst the world’s top-5 fastest-growing port players. The company’s Mundra port continues to be the largest container handling port commanding a market share of approximately 17%

Adani Ports which has a strong and dominant position in the West has recently decided to expand into the East via acquisitions. It recently acquired two major ports – Krishnapatnam and Gangavaram. Both the ports are situated in Andhra Pradesh and have a capacity of 64 MMT each.