Adani Ports soars as its arm incorporates JV in Qatar
Adani Ports and Special Economic Zone is currently trading at Rs. 1141.65, up by 12.20 points or 1.08% from its previous closing of Rs. 1129.45 on the BSE.
The scrip opened at Rs. 1131.10 and has touched a high and low of Rs. 1144.00 and Rs. 1130.90 respectively. So far 26759 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 1607.95 on 03-Jun-2024 and a 52 week low of Rs. 993.85 on 21-Nov-2024.
Last one week high and low of the scrip stood at Rs. 1175.00 and Rs. 1097.80 respectively. The current market cap of the company is Rs. 246309.84 crore.
The promoters holding in the company stood at 65.89%, while Institutions and Non-Institutions held 28.14% and 5.96% respectively.
Adani Ports and Special Economic Zone’s wholly owned subsidiary -- Adani Harbour Services (AHS) has incorporated a Joint Venture (JV) company with Sea Horizon Offshore Marine Services and Mr. Jamal A. Rab A M Al Yafei in Qatar namely ‘Al Annabi Marine Services’ on February 12, 2025. The JV company will carry out business of ships’ operations and management. The AHS holds 49% stake in the JV company.
The Authorized Share Capital of JV company is 100 ordinary shares of Qatari Riyal 1000 each and the Paid-up Share Capital is 100 ordinary shares of Qatari Riyal 1000 each.
Adani Ports and Special Economic Zone (APSEZ) is the largest commercial ports operator in India accounting for nearly one-fourth of the cargo movement in the country.
