Adani Ports and Special Economic Zone Ltd - Operational Update for Oct 2022

Adani Ports and Special Economic Zone Limited ("APSEZ") has announced the operational performance for October 2022 as under:

October Cargo volumes - 200 MMT cargo milestone achieved in 212 days

During April-October 2022, APSEZ clocked around 203 MMT of cargo volumes, which is a good 10% YoY growth. This volume jump is despite the extended monsoon, which adversely impacted the coal demand, higher duties on steel exports, and export ban on certain qualities of rice.

In October, APSEZ handled ~25 MMT cargo. The daily average run-rate of ~1 MMT in the second half of October reflects a pick-up in volumes versus the rate of September and the first half of October.

In the initial 7 months of FY23, east coast volumes are up 11% YoY, supported by Krishnapatnam (+14%), Gangavaram (+4%) and Kattupalli & Ennore combined (+49%). The west coast volume jump of 9% is supported by Mundra (6%), Dahej (64%), Tuna (10%), and Goa (17%), and Hazira (3%).

Shares of Adani Ports and Special Economic Zone Limited was last trading in BSE at Rs. 861.15 as compared to the previous close of Rs. 832.45. The total number of shares traded during the day was 1551574 in over 9282 trades.

The stock hit an intraday high of Rs. 867.00 and intraday low of 832.00. The net turnover during the day was Rs. 1331505919.00.

Source : Equity Bulls

Keywords

AdaniPortsandSpecialEconomicZone INE742F01042 APSEZ OperationalUpdate October2022