Mundra Port and SEZ
Mundra Port and SEZ
CMP: Rs642.20
Target Price: Rs 571
Batlivala & Karani has initiated coverage on Mundra Port and SEZ with an ‘underperformer’ rating due to its location and draft advantage, apart from factors like surging port traffic and the company’s industrial SEZ. “The participation of non-major ports (like Mundra Ports) would be critical to achieve the required capacity to handle around 1,000 million tonnes of total port traffic by 2012,” says the report. The report also highlights the point that Mundra Port has one of the deepest drafts available. “The deepest draft enables Mundra to accommodate large vessels, which brings along the concomitant economies of scale advantage to the customer,” adds the report. The company also intends to develop around 32,250 acres of land surrounding Mundra Port. “The company has in its possession 18,500 acres, out of which 6,750 has been notified as an SEZ. The balance land is under various stages of acquisition,” says the brokerage. Mundra Port has strategic stakes in Dahej Port, where Adani (Dahej) is building a solid cargo terminal of 15 million tonnes capacity, along with Petronet LNG
Mundra Port up on large volumes
Moneycontrol.com, India – 3 hours ago
Mundra Port and Special Economic Zone had touched an intraday high of Rs 390 and an intraday low of Rs 333.05. At 12:37 pm, the share was quoting at Rs …
Mundra Port bounces back up 14.11%
Myiris.com, India – 2 hours ago
The scrip has touched an intra-day high of Rs 390.00 and low of Rs 333.05. The total volume of shares traded at the BSE is 775812. In the earlier session, …
Adanis mull Rs 6K-cr boost for Mundra
Times of India, India – Dec 31, 2008
Adani group plans to pump in around Rs 6000 crore over the next five years for expanding Mundra port. To put things in perspective, the company has so far …
INDIA: Maruti Suzuki updates export port and rail facilities
just-auto.com (subscription), UK – Jan 2, 2009
The first export shipment of the A-star left Gurgaon railway station in new, specially designed auto wagon railway rakes bound for Mundra Port, …BOM:532500 – NSANY
GSPC may relocate LNG terminal site at Mundra port
Sify, India – Dec 26, 2008
Kolkata: Gujarat State Petroleum Corporation (GSPC) may have to relocate its proposed LNG terminal at Mundra port. The new site will also be located within …
India Port Conditions: Mundra
Reuters India, India – Jan 2, 2009
Take a look at how India fared in 2008 — the most popular stories, videos and slideshows from the year gone by. Yearender | Business Yearender Reuters …
Kotak Securities puts ACCUMULATE on Mundra Port
Livemint, India – Dec 18, 2008
Mundra Port handled 3.3 MMT of cargo in the month of November 2008 as against 2.8 MMT handled in November 2007 thereby registering growth of 15.4% on yoy …
The likely beneficiaries of the second stimulus package
Hindu Business Line, India – Jan 3, 2009
… space such as Container Corporation of India and Gateway Distriparks, besides players such as Allcargo Global, Sical Logistics and Mundra Port and SEZ. …
Limited downside in Marg: Chugh
Moneycontrol.com, India – Jan 1, 2009
If you do a brief comparison with the port that Marg has with Mundra Port, Mundra Port has currently got a capacity of 30 million tonnes. …
SC asks Mundra SEZ to submit fresh request for forest land use
Livemint, India – Dec 14, 2008
New Delhi: The Supreme Court has said that the Adani Group-promoted Mundra Port and Special Economic Zone (SEZ) Ltd in Gujarat has to submit a fresh …BOM:512599