Adani Ports and SEZ Ltd., the entity responsible for managing Haifa Port in Israel, has taken proactive steps to safeguard its operations amidst the ongoing developments in the southern region of Israel. Haifa Port, situated in the north, is crucial to the company's operations, and Adani Ports is leaving no stone unturned to ensure the safety and continuity of its services.
A spokesperson representing Adani Ports reassured stakeholders and the public that their primary concern is the well-being of their employees, all of whom are currently safe. They emphasized the company's unwavering vigilance and readiness, backed by a robust business continuity plan designed to respond effectively to any unforeseen circumstances that may arise.
In terms of the broader impact on Adani Ports and SEZ Ltd.'s business, the Haifa Port contributes approximately 3% to the total cargo volume. Looking ahead to the current financial year, from April 2023 to March 2024, the company has projected a cargo volume range of 10-12 million metric tons (MMT) for Haifa. This forecast is part of their broader guidance for a total cargo volume ranging between 370-390 MMT.
During the initial six months of the current financial year, from April to September 2023, Adani Ports and SEZ Ltd. handled a total cargo volume of approximately 203 MMT, with Haifa Port accounting for around 6 MMT of this volume. Despite the challenges and uncertainties in the region, the company expressed confidence in its overall business performance. Adani Ports and SEZ Ltd. is committed to ensuring the safety of its personnel and the continuity of operations at Haifa Port. They are closely monitoring the situation and have a well-prepared business continuity plan in place to navigate any potential disruptions, while remaining optimistic about their business outlook.
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