Adani Group brings Mundra Port and SEZ under flagship brand

AHMEDABAD: In line with its vision to go multi-location, Adani Group changed name of its subsidiary Mundra Port and SEZ Limited (MPSEZ) to Adani Port and Special Economic Zone Limited (APSEZ). Also, the Gautam Adani promoted group wants to bring all its business and equity holdings under flagship brand 'Adani'. Adani Group has promoted ventures like Adani Enterprise, Adani Wilmar, Adani Power among others. Now MPSEZ will be known as APSEZ, Adani Group informed the stock exchanges on Monday. Talking to ET, a senior APSEZ official said, "Adani Group is expanding its presence at various other locations on East Coast as well besides ports at Hazira and Dahej. Mundra was our first destination and continue to remain the flagship port of the group. However, brand Adani Port will portray larger canvas as we are going even international with recently acquire port in Australia." Adani group controls 77.50% stake in APSEZ after its promoters Adani family merged their holding in port venture. Except for port and SEZ, the group's all other business like coal mining and trading, real estate, agriculture and energy among others were already under AEL banner. The group is now aiming for 'One Adani' through consolidation where AEL will evolve as the face of the Adanis.