Adani's Mundra Port Executes Highest Monthly Vessel Movement In Its History
Adani Ports and SEZ Ltd. on Monday took to social media to announce a "significant milestone" in the operations of its port in Mundra.
The amount of vessels handled, and the number of vessel movements executed by the Mundra Port in November marked the "highest monthly record in our history", the company said.
"In November 2024, we reached a significant milestone by handling 396 vessels and executing 845 vessel movements at our Mundra Port, marking the highest monthly record in our history," it posted on X.
In November 2024, we reached a significant milestone by handling 396 vessels and executing 845 vessel movements at our #MundraPort, marking the highest monthly record in our history!
December 16, 2024
Here's to more achievements ahead! pic.twitter.com/RAgQHV63MkThis announcement comes days after Adani Ports had reached two record breaking milestones within 24 hours on Dec. 11. The company reported that it had loaded "20,586 MT of HR Coils on BB-3", overtaking previous records from 2020 and 2021. It also handled 35 rakes in a single day with "21 loaded rakes, 1 BCN, and 13 unloading/release rakes".
The firm also announced on Dec. 10 that it will fund the Colombo West International Terminal project in Sri Lanka using its internal accruals, opting out of seeking financial support from the United States. The company confirmed that the project is progressing smoothly and remains on schedule for commissioning early next year.
The share price of Adani Ports closed 1.3% lower at Rs 1,243.15 apiece on the National Stock Exchange on Monday, compared to a 0.4% decline in the benchmark Nifty 50.
The stock has risen 21.36% on a year-to-date basis and 13.6% over the past 12 months.
Out of the 18 analysts tracking the company, 17 have a 'buy' rating on the stock and one suggests 'hold', according to Bloomberg data. The average of 12-month analysts' price targets implies a potential upside of 35.3%.
Disclaimer: NDTV is a subsidiary of AMG Media Networks Limited, an Adani Group Company.
-
The Economic Imperative: Analysing The Material Driving Force Behind India-Canada Strategic Reset
This economic complementarity is further reinforced by deep institutional investment ties and talent mobility, which form the bedrock of the bilateral framework.
-
Medicine Pricing: Where Must Profit Stop?
India must confront excessive margins, hidden incentives and regulatory gaps that threaten the integrity of medicine.
-
Why Amazon And Flipkart Are Struggling To Beat Meesho In India's Smaller Cities
With 274 million users and lowest-cost logistics, Meesho is defending its value commerce crown against giants like Amazon and Flipkart.
-
High US Salaries, No Green Card Certainty: The Financial Calculation Facing Indian H-1B Families
The suspension of PERM processing at eight technology employers does not cancel existing H-1B visas. What it does is force a question many Indian families have been avoiding: is the US salary worth tying your career and family plans to one employer?
-
Swiggy vs Eternal: Food Delivery's Two Rivals Are No Longer In The Same Race
Eternal is building a private AI assistant, dark.ai. Swiggy is still working out how to make Instamart pay, with an operating loss of Rs 895 crore in the July-September quarter while Blinkit stayed profitable.
-
Where You Live Shapes How You Get To Work | The Reason Why
Two-wheelers are the most popular way to get to work in India, accounting for nearly 43% of workplace commutes.
-
Unhedged Position: Can India See An Indonesia-Style Time Correction?
The Nifty is trading below levels it first clocked in 2024. Is there, then, as I have suggested in the headline, potential that the current time correction drags on painfully for the next three-five, even ten years?
-
Navigating Friction And Energy Realities: An Analysis Of Marco Rubio's October Visit To India
Occurring at a critical juncture marked by stalled trade negotiations and escalating geopolitical pressures over global energy supplies, the visit offers a profound window into modern US-India relations.
-
India Exports Capital. Why Not Export Trusteeship?
The big question, then, is whether India can build an institution that global borrowers, investors, banks, and lawyers can trust, even without an Indian connection.
-
France's Economy & Politics Are In Crisis | The Reason Why
Let's look at how the French economy and politics evolved under Nicolas Sarkozy, Franois Hollande and Emmanuel Macron.
