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Earlier this week, Adani Ports announced that the company, has elevated CEO Karan Adani, the CEO of the company, has been elevated to the role of Managing Director of the company.
Adani Ports will announce its Q2 results on Thursday, November 9. This is the first time that the US government, through its agencies, is funding an Adani project.
Shares of Adani Ports and Special Economic Zone were trading flat, marginally up at Rs 792.95 on Friday, with a total market capitalization of Rs 1.71 lakh crore.
Nuvama Institutional Equities expects a robust Q1FY24 on the back of strong volumes in ports and similarly a significant growth in the logistics business after strong quarterly update.