August 11, 2016 / 18:35 IST
Axis Direct's research report on Adani Ports
Coal (main cargo for ADSEZ) rose to 16 MT (up 7% QoQ), while Mundra’s coal is up 16% QoQ.We believe ADSEZ’s coal cargo will rise as (a) 50%+ ADSEZ coal volume is assured - delivered to anchor clients, (b)recent take/ pay agreement with Reliance to supply 4 MT pa coal for 25 years (Dahej and Hazira) from Q4FY17,(c) even if domestic coal replaces imports, we believe bulk of it will be transported by sea (Coastal coal), keeping port volumes intact.
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