Adani Ports surges on signing MoU with NMDC, Vale Brazil
Adani Ports and Special Economic is currently trading at Rs. 1549.95, up by 38.50 points or 2.55% from its previous closing of Rs. 1511.45 on the BSE.
The scrip opened at Rs. 1511.45 and has touched a high and low of Rs. 1564.10 and Rs. 1511.45 respectively. So far 122840 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 1584.00 on 09-Feb-2026 and a 52 week low of Rs. 1036.35 on 04-Mar-2025.
Last one week high and low of the scrip stood at Rs. 1575.70 and Rs. 1495.55 respectively. The current market cap of the company is Rs. 357136.70 crore.
The promoters holding in the company stood at 68.02%, while Institutions and Non-Institutions held 26.99% and 4.99% respectively.
Adani Ports and Special Economic Zone (APSEZ), through its subsidiary Adani Gangavaram Port (AGPL), has signed a strategic Memorandum of Understanding (MoU) with NMDC (A Government of India Enterprise) and Vale S.A. (Brazil) at the India-Brazil Business Forum Summit held in New Delhi. The agreement establishes a strategic framework for the development of an iron ore blending facility and a dedicated Special Economic Zone (SEZ) at Gangavaram Port.
Under this collaboration, the parties will jointly develop, operationalize, and manage an integrated SEZ-based ecosystem for the blending, value addition, and commercialisation of iron ore. This initiative is designed to strengthen the iron ore export value chain on India’s East Coast while enhancing efficiency, scale, and global competitiveness in mineral processing and trade. With this development, the capacity of Gangavaram Port will increase up to 75 MMT, and it will become a hub for iron ore exports for India and the region.
Together, this partnership positions Gangavaram Port as a strategic gateway for global iron ore trade and reinforces India’s emergence as a competitive, future-ready maritime hub.
