Adani Ports Buy On 200 Weeks EMA

Adani Ports and Special Economic Zone Limited (APSEZ) is India's largest private port operator and an integral part of the Adani Group, a prominent Indian multinational conglomerate. Established in 2001, APSEZ has significantly expanded its operations, managing a network of 12 ports and terminals across seven maritime states in India, including Gujarat, Maharashtra, Goa, Kerala, Andhra Pradesh, Tamil Nadu, and Odisha. ([Wikipedia]

**Key Details:**

- **Founded:** 2001
- **Headquarters:** Ahmedabad, Gujarat, India
- **Managing Director & CEO:** Karan Gautam Adani


**Core Business Segments:**

1. **Port Operations:**
- Development, operation, and maintenance of port infrastructure.
- Handling diverse cargo types, including dry bulk, liquid bulk, and containers.

2. **Logistics:**
- Integrated logistics solutions encompassing inland container depots, warehousing, and transportation services.
- Ownership and operation of a private railway network to facilitate efficient cargo movement.

3. **Special Economic Zones (SEZ):**
- Development of industrial zones with robust infrastructure to promote trade and manufacturing activities.
- Notably, APSEZ developed India's first port-based SEZ at Mundra.

**Global Presence:**

Beyond its extensive operations in India, APSEZ has expanded internationally:

- **Haifa Port, Israel:** In 2023, APSEZ acquired a 70% stake in Haifa Port for $1.2 billion, enhancing its strategic footprint in the Middle East. ([reuters.com]

- **Colombo Port, Sri Lanka:** APSEZ holds a 51% stake in a new terminal at Colombo Port, with operations expected to commence soon. ([reuters.com]

**Financial Highlights:**

As of the fiscal year ending March 31, 2024, APSEZ reported:

- **Revenue:** ₹267.11 billion, a 28.10% increase from the previous year.
- **Net Income:** ₹81.11 billion, reflecting a 52.74% growth. ([Financial Times Markets]
**Recent Developments:**

In November 2024, APSEZ faced legal challenges when U.S. authorities indicted the company and key executives on charges of a $265 million bribery scheme to secure power supply contracts in India. The Adani Group has denied these allegations. ([AP News](
Despite these challenges, APSEZ continues to play a pivotal role in India's maritime infrastructure, contributing significantly to the nation's trade and economic growth.