This Adani Company Signs Memorandum of Understanding to Revolutionize the Commodities Market Ecosystem with Rorix Holdings

Company has delivered good profit growth of 42.8 per cent CAGR over last 5 years. Promoter holding has increased by 2.11 per cent over last quarter.

Rorix Holdings, the Abu Dhabi-based global trade facilitation and finance company, announces the signing of a Memorandum of Understanding (MOU) during the UAE-India Business Forum with Adani Ports and Special Economic Zone Limited, India’s largest private multi-port operator. This strategic partnership aims to leverage the strengths of both organisations to integrate advanced technologies into their logistics and trading platforms and create synergies that will transform the commodities market ecosystem.

Dr Thani bin Ahmed Al Zeyoudi, Executive Chairman of Rorix Holdings, stated: “Our partnership with Adani Ports will create an innovative and efficient commodities market ecosystem. By combining our expertise in regulated financial platforms and market infrastructure with Adani Ports' strength in logistics and port management, we aim to revolutionize the way commodities are traded, stored, and managed."

Mr Karan Adani, Managing Director of APSEZ added: “This partnership represents a unique opportunity to transform the commodities trade landscape. By leveraging next-generation technologies and combining our expertise, we aim to redefine how commodities markets operate. The collaboration between Rorix and Adani Ports is a significant step towards our ambition to become one of the largest integrated transport and logistics infrastructure companies globally, providing comprehensive end-to-end services.”

According to Quarterly Results, the net sales increased by 20.99 per cent to Rs 7,560 crore in Q1FY25 compared to Rs 6,248 crore in Q1FY24. The company reported a net profit of Rs 3,107 crore in Q1FY25 compared to a net profit of Rs 2,119 crore in Q1FY24, an increase of 46.62 per cent.

About Adani Ports and Special Economic Zone Ltd (APSEZ), a part of the globally diversified Adani Group, has evolved from a port company to an Integrated Transport Utility providing end to-end solutions from its port gate to customer gate.

This Large-Cap stock is trading at Rs 1,443. The company has a market cap of Rs 3,11,708 crore. The stock has given more than 76.15 per cent returns in a year and 278.51 per cent returns in five years. The company has been maintaining a healthy dividend payout of 19.3 per cent.

Investors should keep an eye on this large-cap stock.

Disclaimer: The article is for informational purposes only and not investment advice.