Latest news with #GautamAdani-led
India.com
4 days ago
- Business
- India.com
Israel Iran War: Iranian missile strikes on Gautam Adani's Haifa port, all operations suspended by…, why is it important for India?
Gautam Adani (File) Indian billionaire Gautam Adani-led group's Haifa port in Israel was unharmed by the Iranian ballistic missile attack, with cargo operations progressing unhampered, reported PTI citing sources. Israel's largest oil refinery, Bazan, suspended all operations at its Haifa Port after the damage from an Iranian missile strike late Monday night, reported Economic Times. 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. Shrapnels 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 told PTI. The Iranian ballistic missile attack did not inflict any damage to the port or its operations, the sources claimed. How Haifa port Operates? Haifa port is totally functioning normally, sources said, adding 8 ships were handling cargo as on Sunday. The port has approximately 700 employees. It handles different type of cargo, including containers, bulk, breakbulk, cement and general cargo. 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. Haifa is less than 3 per cent of the volume handled by Adani Ports and SEZ and contributed less than 2 per cent to the profits. Haifa handles a total cargo of 10-11 million tonnes annually, while APSEZ annual volumes are upwards of 450 million tonnes. Haifa is located at the nexus of Israel's economic and military networks, plays a critical role as an oil refinery, for industrial exports, and also for supporting naval operations. These functions give more importance to any foreign investor. India's acquisition of the Haifa port is part of its broader goals within the proposed India-Middle East-Europe Economic Corridor (IMEC). This multinational initiative brings together India, Israel, the UAE, Saudi Arabia, the EU, and the US. It will connect Indian ports to Europe via the Arabian Peninsula and Israel. It can also be an alternative to the Red Sea–Suez Canal route. For India, holding a direct stake in the Haifa port gives multiple advantages, like streamlined trade with Europe, enhanced logistics infrastructure, and strengthened strategic ties with regional partners.
Time of India
15-06-2025
- Business
- Time of India
Adani's Haifa port unaffected by Iranian missile strikes, operations normal: Sources
JERUSALEM: The 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. Tired of too many ads? go ad free now Late on Saturday night, Iran targeted Israel's Haifa port and a nearby oil refinery in response to Tel Aviv's attack on Iranian nuclear and other targets earlier this week. Shrapnels 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. The Adani group did not immediately offer any comments on the issue. Israeli 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. Tired of too many ads? go ad free now 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.
NDTV
15-06-2025
- 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
15-06-2025
- Business
- Time of India
Adani's Haifa port unaffected by Iranian missile strikes, operations normal: Sources
Live Events (You can now subscribe to our (You can now subscribe to our Economic Times WhatsApp channel 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 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 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 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 operations at the Adani-operated port were unhampered. "There are eight ships in the port now, cargo operations are normal," a source Iranian ballistic missile attack did not inflict any damage to the port or its operations, the sources group did not immediately offer any comments on the issue. Israel government authorities could not be immediately reached for 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 missiles may have caused damage to a major oil refinery close to the port but there was no official comment on the impact on 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 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 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.
India.com
14-06-2025
- Business
- India.com
Iran Israel war: Bad news for Gautam Adani due to...
Gautam Adani has extensive investments in Israel. (File) Iran-Israel War: The recent escalation in the Iran-Israel war has brought major concerns for Gautam Adani, India's second richest man, as the Adani Group boss has made huge investments in Israel, which are now under a major threat as the conflict in the Middle East is likely to boil over into a major military confrontation between Iran and Israel. As per details, Gautam Adani-led Adani Group has extensive investments in Israel, ranging from high-stakes defense ventures with Israeli defense firms, to the Haifa port, in which the group, in partnership with Israel's Gadot Group, purchased a 70 percent stake in 2023 for $1.2 billion. Adani Ports has major stake in Israel's Haifa Port The Haifa Port is one of key trade ports for Israel, and also accounts for around 3 percent of the total cargo volume of Adani Ports. However, Gautam Adani's investment in the Israeli port is now under serious threat due to escalation in the Iran-Israel war. According, regional stability has drastically declined amid the raging Iran-Israel war, and could result in delays in cargo delivery at the Haifa Port and changes in shipping routes. Iran launched a barrage of drones and missiles at Israel on the intervening night of Friday and Saturday in response to the latter airstrikes in the country, that killed several top Iranian military commanders and nuclear scientists. The Haifa Port remained untouched in the Iranian assault as it located in northern Israel, while the attack took place in the southern part. However, future Iranian attacks may not spare's Israel's north, and also threatens to affect Mediterranean trade routes. Adani Group's joint defense ventures in Israel Notably, Gautam Adani's investments in Israel are not limited to ports, but extend to significant joint defense ventures in the Jewish state. In 2018, Adani Enterprises partnered with Israel's Elbit Systems, establishing the Adani Elbit Advanced Systems India, which manufactures Hermes 900 drones in Hyderabad, that are extensively used by the Israeli Defense Forces (IDF). While Adani's defense venture is likely to benefit from the ongoing conflict, his investment in Haifa Port faces a major threat as tensions escalate.
