Adani Ports and Special Economic Zone Ltd - Updates on Haifa Port, Israel

"At a time like this, our thoughts continue to be with the people of Israel.

We are closely monitoring the action on ground which is concentrated in South Israel, whereas Haifa port is situated in the North. We have taken measures to ensure safety of our employees and all of them are safe. We remain fully alert and prepared with a business continuity plan that will enable us to respond effectively to any eventuality.

The overall contribution of Haifa in APSEZ's numbers is relatively small at 3% of the total cargo volume. For the current financial year (Apr 23-Mar 24), we have guided for Haifa Cargo volumes range of 10-12 MMT and APSEZ's total cargo volume guidance of 370-390 MMT. In the initial six months (Apr-Sep 23), APSEZ's total cargo volume was ~203 MMT, of which the Haifa share is ~6 MMT. We stay confident of APSEZs business performance."

Shares of Adani Ports and Special Economic Zone Limited was last trading in BSE at Rs. 830.55 as compared to the previous close of Rs. 825.00. The total number of shares traded during the day was 150419 in over 3047 trades.

The stock hit an intraday high of Rs. 836.30 and intraday low of 826.25. The net turnover during the day was Rs. 124831634.00.

Source : Equity Bulls

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AdaniPortsandSpecialEconomicZone INE742F01042 Update HaifaPort Israel