| Date: |
10-01-2012 |
| Subject: |
Mundra Port and Special Economic Zone renamed to Adani Ports and SEZ Ltd Close |
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NEW DELHI: Mundra Port and Special Economic Zone, a multi-port operator and a subsidiary of Adani Enterprises Ltd has changed the company name to 'Adani Ports and Special Economic Zone Ltd'. The company has received the certificate from the Registrar of Companies, Gujarat registering the aforesaid change in name.
The change in name to ""Adani Ports and Special Economic Zone Ltd"" has been necessitated due to change in the profile of business as well as the ownership of the Company.
Earlier, Mundra Port and Special Economic Zone Limited had only one operational port at Mundra. Today, it also operates port at Dahej in India and at Abbot Point in Australia. The company is also developing ports at Hazira, Mormugao and Visakhapatnam in India.
"The rationale for renaming Mundra Port as Adani Port is to achieve the last mile brand synergy with the global port infrastructure business of the Group. This change provides a strong encompassing identity to port business of Adani Group." said Gautam Adani, Chairman, Adani Group.
The US $ 6 billion Adani Group is an infrastructure conglomerate having presence in verticals like Infrastructure, Mining, Power, Ports and SEZ.
Source : economictimes.indiatimes.com
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