Latest news with #APSEZ
Mint
2 days ago
- Business
- Mint
Is the Israel-Iran war a billion-dollar threat to Adani Ports & SEZ?
The world is once again on the brink. With the war in Ukraine still raging and unrest simmering across the Middle East, a new conflict has plunged global geopolitics into deeper uncertainty. A few days ago, tension between India and Pakistan flared up after 26 people were killed in a terrorist attack in Pahalgam. India launched Operation Sindor, which targeted terrorist camps across the Line of Control. For a brief moment, there was a serious apprehension that both India and Pakistan could go to war. But both sides agreed to a ceasefire, which reduced stress. Also Read: Is India's premium at risk? As Israel-Iran conflict sparks FPI outflows, valuation debate rages But cool in South Asia has been affected by a more explosive conflict in the Middle East. On 13 June 2025, Israel launched a military campaign against Iran, targeting major military and nuclear sites. Since then, the Israel-Iran conflict has entered its fourth day, with no signs of de-escalation. Overnight missile exchanges have intensified, with Iran striking an Israeli oil refinery and crippling parts of its power grid. In this geopolitical storm, Adani Ports and Special Economic Zone (APSEZ) Ltd has emerged as a company of keen interest on Dalal Street. APSEZ is the largest commercial ports operator in India, accounting for nearly one-fourth of the country's cargo movement. It has a presence in 13 domestic ports in seven maritime states: Gujarat, Maharashtra, Goa, Kerala, Andhra Pradesh, Tamil Nadu, and Odisha. Through its subsidiary Adani Logistics, APSEZ operates three logistics parks located at Patli in Haryana, Kila-Raipur in Punjab, and Kishangarh in Rajasthan. The company is engaged in developing, operating, and maintaining ports, developing ports-related infrastructure, and developing infrastructure in special economic zones. On 16 June 2025, shares of APSEZ were in focus amid the ongoing conflict between Israel and Iran. Some reports suggested that the conflict between the two countries caused damage to the Haifa port in Israel. Late on Saturday night, tensions in the Middle East escalated further as Iran fired missiles at Israel's Haifa port and a nearby oil refinery. Debris from the attack reportedly landed in the chemical terminal of the port, while other projectiles hit the oil refinery. Also Read: Dull summer casts a cloud on Voltas's air conditioner volumes in Q1 While the incident raised immediate concerns, especially for Adani Group's operations in the region, media reports state the Adani-operated section of the Haifa port was not impacted. However, Jugeshinder Robbie Singh, the Adani Group CFO, refuted the reports and said the damage reports were false. News agencyPTIreported on Sunday that the group's port was unaffected. Despite the tense situation, it's business as usual at the port for now. As per reports, eight ships remained docked and cargo handling continued smoothly. Operations stayed on track, with no damage reported to infrastructure or logistics. For now, Adani's key international port remains safe, even as the region braces for what comes next. Adani Ports' stake in the Haifa port In 2023, the Adani Group made a high-profile international expansion by acquiring a 70% stake in Israel's Haifa port for $1.2 billion, in partnership with Israel's Gadot Group, which holds the remaining 30%. The joint venture is set to operate the strategic port until 2054. Haifa serves as a vital maritime gateway for Israel, handling more than 30% of the country's imports. While it contributes nearly 5% to APSEZ's revenue, it accounts for less than 2% of the total cargo volume managed by the company. APSEZ, which handles around 10.57 million tonnes of cargo overall, has always positioned Haifa as a long-term strategic asset rather than a volume play. However, the recent escalation in the Israel-Iran conflict has cast a shadow over the investment. The fear is that ongoing hostilities could delay cargo movements at Haifa and potentially disrupt global shipping routes. The impact was already visible in the market on Friday. Shares of Adani Ports—one of the group's most profitable businesses dropped more than 3% intraday to ₹1,396 before recovering slightly to close at ₹1,405.25, a 2.71% decline. Also Read: Municipal bodies still shun public bond issues. There's a lot that's holding them back While Haifa may represent a small portion of the group's operations, the geopolitical risk it carries now looms large. What if Adani's Haifa port takes a hit? At the moment, Adani's Haifa port is still up and running, with cargo ships docked and operations going on as usual. But there's a growing sense of unease. What happens if things take a turn for the worse? If the port were to suffer serious damage, the impact on Adani Ports could be significant. Early estimates suggest losses could range between $1.9 bn and $2.9 bn. That includes the original $840 million (m) poured into the deal, around $50-100 m in annual revenue, and a potential hit of $1-2 bn in market value. The longer the conflict continues, the more uncertain the returns on Adani's overseas bet become, raising the question of whether this bold global expansion will deliver long-term gains or turn into an expensive mistake. Scaling up Vizhinjam APSEZ is set to invest ₹13,000 crore to expand the Vizhinjam International Deepwater Seaport in Kerala's Thiruvananthapuram. This next phase of growth, fully self-funded, comes on the back of successful trial runs and growing demand. The port is already operating at 90% capacity, having handled 280 ships and 620,000 TEUs since trial operations began in June 2024. With an initial ₹7,000 crore already invested, the port's expansion is aimed at keeping up with rising transhipment traffic and unlocking its full potential. 3x global operations by 2030 Looking overseas, APSEZ is laying out bold plans to triple its international operations by 2029-30. With major investments in Israel, Tanzania, and Sri Lanka, the company is aiming to handle 140–150 million metric tonnes (MMT) of cargo globally by the end of the decade. Domestic volumes are also expected to grow steadily, with capacity projected to reach 820-850 MMT. To fuel this ambition, APSEZ is doubling down on key global assets, including Israel's Haifa port, the under-construction port in Tanzania, and Colombo West International Terminal in Sri Lanka. Conclusion Indian port industry will grow at the rate of 4-7% over the next five years, supported by rising imports, a decline in freight costs, and the normalisation of global supply chains, according to a report by Motilal Oswal. Along with its expansion plans, Adani Ports' is set to benefit from the growth of the industry as well. But with the ongoing conflict in the Middle East and uncertainties surrounding its Haifa port investment, all eyes are on the company's global impact. It's important to conduct thorough research on financials and corporate governance before making investment decisions, ensuring they align with your financial goals and risk tolerance. Happy Investing. Disclaimer: This article is for information purposes only. It is not a stock recommendation and should not be treated as such. This article is syndicated from
NDTV
5 days ago
- Business
- NDTV
Adani's Haifa Port Unaffected By Iranian Missile Strikes, Ops Normal: Report
Jerusalem: Indian billionaire Gautam Adani-led group's Haifa port in Israel was unharmed by the Iranian ballistic missile attack, with cargo operations progressing unhampered, sources said. Late on Saturday night, Iran targeted Israel's Haifa port and a nearby oil refinery in response to Tel Avi's attack on Iranian nuclear and other targets earlier this week. Sharpnels fell in the chemical terminal at the port and some other projectiles fell at the oil refinery, two sources aware of the matter said. They claimed there were no injuries. Adani's port, however, was not impacted by the strike. A piece of interceptor shrapnel was also found at the Kishan West (Haifa port) but there were no injuries, they said. Cargo operations at the Adani-operated port were unhampered. "There are eight ships in the port now, cargo operations are normal," a source said. The Iranian ballistic missile attack did not inflict any damage to the port or its operations, the sources claimed. Adani group did not immediately offer any comments on the issue. Israel government authorities could not be immediately reached for comments. Haifa port serves as a crucial maritime hub, handling over 30 per cent of Israel's imports. It is owned by Adani Ports, which controls a 70 per cent share. The missiles may have caused damage to a major oil refinery close to the port but there was no official comment on the impact on it. Haifa is less than 2 per cent of the volume handled by Adani Ports and SEZ and contributed about 5 per cent of the revenue. APSEZ handles a total cargo of 10.57 million tonnes. Israel attacked Iran early Friday targeting its nuclear, missile and military infrastructure. Iran later launched retaliatory strikes on Israel. The two countries traded strikes for a third day on Sunday as the Middle East region braced for a protracted conflict. Iran said Israel struck two oil refineries, raising the prospect of a broader assault on Iran's heavily sanctioned energy industry that could affect global markets. Some Iranian missiles evaded Israeli air defences to strike buildings in the heart of the country. (Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.)
Time of India
13-06-2025
- Business
- Time of India
Israel-Iran war impact: Adani Ports shares fall 3% amid threats to Haifa Port
Adani Ports shares declined over 3% on Friday. This drop followed escalating Israel-Iran tensions and threats to Haifa Port. Houthi rebels threatened the Israeli port operated by APSEZ. In its Q4FY25 quarterly filings, APSEZ said that the company had made significant progress on Haifa Port on both fronts viz. integration with APSEZ processes and the signing of a union agreement in April 2025. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Shares of Adani Ports and Special Economic Zone (APSEZ) dropped over 3% on the NSE on Friday, hitting an intraday low of Rs 1,402, as investors assessed the potential impact of escalating Israel-Iran tensions on Haifa reports indicated that Iran-backed Houthi rebels had threatened to target Haifa, Israel's largest port, which is operated by decline followed Israel's strikes on military and nuclear sites in Iran earlier in the day, which reportedly resulted in the deaths of key military commanders and nuclear scientists, heightening fears of a broader regional attack is expected to jeopardise the US-Iran nuclear talks set for Sunday in strikes had a significant impact on the Asian markets, including India. India's headline index Nifty fell by over 400 points or 1.6% to hit the day's low of 24,473 while the BSE Sensex plunged by over 1,300 points to touch the bottom of 80,354.59/.The selling pressure was seen across sectors with banks, auto, and energy stocks getting most severely major Asian indices were also down, reacting to the development. While Japanese Nikkei and Hong Kong's Hang Seng were down by nearly 1% around 1:30 India time, China's Shanghai Composite index and Singapore's FTSE Straits Times Index were down 0.4% its Q4FY25 quarterly filings to the exchanges, APSEZ said that the company has made significant progress on Haifa Port on both fronts viz. integration with APSEZ processes, including the appointment of a senior leadership team at the site and the signing of a union agreement in April 2025. The agreement will lead to significantly higher productivity and efficiency at the port, the filing had claimed, adding that during FY25, Haifa Port's Earnings Before Interest, Taxes, Depreciation and Amortisation (EBITDA) increased by 36% company had posted stronger-than-expected quarterly results with a 50% year-on-year increase in consolidated net profit at Rs 3,023 crore for the quarter ended March 2025, compared to Rs 2,025 crore a year earlier. Revenue rose 23% to Rs 8,488 crore, while EBITDA climbed 24% to Rs 5,006 crore, reflecting broad-based strength across the company's ports, logistics, and marine services businesses.
India.com
09-06-2025
- Business
- India.com
Gautam Adani has a massive salary of Rs 104100000, but its no match to Sunil Bharti Mittal or Infosys CEO, salary of Mukesh Ambani is...
(File) Gautam Adani vs Sunil Bharti Mittal vs Mukesh Ambani salary comparison: In a significant turn of developments, a new report by Fortune India has declared the salary of Gautam Adani, the chairman of the multi-billion-dollar Adani Group. As per the report, India's second richest business tycoon received a total remuneration of Rs 10.41 crore in the financial year ending March 31, 2025. Here is a comparison of his salary with his peers like Bharti Airtel Founder Sunil Bharti Mittal, Infosys CEO Salil S Parekh and Reliance Industries Chairman Mukesh Ambani. Details on Gautam Adani's remuneration As per the media report, Gautam Adani's remuneration was drawn from nine of his listed companies. His remuneration for 2024-25 from the group's flagship firm Adani Enterprises Ltd (AEL) included Rs 2.26 crore salary and another Rs 28 lakh in perquisites, allowances and other benefits. The total earnings from AEL at Rs 2.54 crore was higher than Rs 2.46 crore in the previous fiscal. Besides, he drew Rs 7.87 crore from Adani Ports and Special Economic Zone (APSEZ) – – Rs 1.8 crore salary and Rs 6.07 crore commission. This compared with Rs 6.8 crore he received from APSEZ in 2023-24. More notably, Gautam Adani ranks 20th globally, with an estimated net worth of $84.7 billion as per the Bloomberg Billionaire Index. Guatam Adani's salary vs Mukesh Ambani's salary Billionaire Gautam Adani's salary is lower than the heads of almost all large family-owned conglomerates in India. While the richest Indian, Mukesh Ambani, has been foregoing his entire salary since Covid-19 broke out, prior to which he had capped his remuneration at Rs 15 crore, Adani's remuneration is much lower than telecom czar Sunil Bharti Mittal (Rs 32.27 crore in 2023-24), Rajiv Bajaj (Rs 53.75 crore in FY24), Pawan Munjal (Rs 109 crore in FY24), L&T Chairman S N Subrahmanyan (Rs 76.25 crore in FY25) and Infosys CEO Salil S Parekh (Rs 80.62 crore in FY25). (With inputs from agencies)
NDTV
09-06-2025
- Business
- NDTV
Karan Adani Welcomes MSC IRINA, World's Largest Container Ship At Vizhinjam
The MSC IRINA, the world's largest container ship by TEU (Twenty-foot Equivalent Unit) capacity, made an entry into India on Monday and docked at the Adani Group's Vizhinjam International Seaport in Kerala. The ship, with a capacity of 24,346 TEUs, will remain berthed at the port until Tuesday, June 10. Celebrating the arrival of the vessel, Karan Adani, the managing director of Adani Ports and SEZ Ltd (APSEZ), wrote on X, "Proud to welcome MSC Irina, the world's largest container ship with a capacity of 24,346 TEUs, to our Vizhinjam Port. This marks the vessel's maiden visit to South Asian shores, making it a milestone not just for Vizhinjam but for India's emergence as a key player in global transhipment. A bold vision now in motion." Proud to welcome MSC Irina, the world's largest container ship with a capacity of 24,346 TEUs, to our Vizhinjam Port. This marks the vessel's maiden visit to South Asian shores, making it a milestone not just for Vizhinjam but for India's emergence as a key player in global… — Karan Adani (@AdaniKaran) June 9, 2025 The arrival of MSC IRINA marks a major milestone for the Vizhinjam International Seaport. This is the first time a vessel of such scale has docked at an Indian port, signalling Vizhinjam's readiness to handle mega container traffic and underlining its strategic potential in global shipping routes. The ship's docking came a month after the port was officially inaugurated by Prime Minister Narendra Modi on May 2. Developed under a public-private partnership between Adani Ports and Special Economic Zone Ltd (APSEZ) and the Government of Kerala, the Rs 8,900-crore facility received its commercial clearance in December 2024 following a successful trial run. The inauguration ceremony in May was also attended by Kerala Governor Rajendra Arlekar, Chief Minister Pinarayi Vijayan, Adani Group Chairman Gautam Adani and Thiruvananthapuram MP Shashi Tharoor. Prime Minister Modi then highlighted the port's strategic importance, saying, "It is designed to accommodate large cargo ships, addressing a critical need. Until now, 75% of India's transhipment activities were conducted at foreign ports, resulting in significant revenue losses for the country." The Vizhinjam International Transshipment Deepwater Multipurpose Seaport is built to handle large-scale container transhipment, as well as multi-purpose and break-bulk cargo, making it one of the most advanced maritime infrastructure projects in the region. The natural depth of the waters off Vizhinjam Port - ranging between 18 to 20 metres even up to a kilometre from the shore - makes it suitable for very large vessels, including massive tankers and mother ships. In May, the port welcomed Turkiye, the world's largest eco-friendly container ship operated by the Mediterranean Shipping Company, cementing Vizhinjam's position as a key deepwater hub on India's coastline.
