Adani Ports Share Price Under Watch as CFO Dismisses Haifa Port Damage Talk

Amid rising geopolitical tensions in the Middle East, Adani Ports and Special Economic Zone (APSEZ) is back in focus. The spotlight is due to reports of Iranian strikes near Haifa Port in Israel, majority-owned by Adani Ports. This development has ignited speculation and concern among market participants. Here’s a comprehensive look at what’s unfolding.

Haifa Port Ownership and Its Strategic Importance

Adani Ports holds a 70% controlling stake in Haifa Port, a major maritime gateway situated on Israel’s northern coast. The port is significant not just for its logistics footprint but also for its economic contribution; it handles over 30% of Israel’s imports.

The facility accommodates a wide assortment of cargo, such as containers, breakbulk, cement, bulk goods and general cargo. Approximately 700 people are employed at the Haifa Port, making it a relatively scaled yet crucial component of Israel’s supply chain infrastructure.

Conflict Impact Reports and CFO’s Official Responses

Over the weekend, reports emerged suggesting that Iran had launched military strikes targeting Israel’s Haifa Port and a neighbouring oil refinery. According to the PTI news agency, Iran’s ballistic missile attack was in retaliation for strikes by Israel on Iranian assets.

Shrapnel from the strike reportedly fell near the chemical terminal and refinery zone, but crucially, no injuries were reported. Adani Ports CFO Jugeshinder Robbie Singh publicly refuted damage claims, labelling them as “FALSE” on platform X (formerly known as Twitter).

PTI further verified that Adani-operated Haifa Port was "unharmed" and that cargo operations were proceeding without hindrance. “There are eight ships in the port now; cargo operations are normal,” cited a PTI source.

Minimal Financial Impact on APSEZ

From a financial perspective, Haifa Port’s contribution to Adani Ports and SEZ is relatively small. The port handles around 10 to 11 million tonnes of cargo annually, while APSEZ processes over 450 million tonnes in total. This translates to less than 3% in volume and under 2% in overall profits.

Thus, even if any future developments lead to disruptions, the direct impact on Adani Ports’ consolidated financials appears minimal.

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Operational Normalcy and Co-ordination with Israeli Authorities

Despite the missile scare, the Haifa Port continues to function under full compliance with the Israeli government’s safety and security protocols. Coordination remains tight with Israel’s Ministry of Transport, ensuring uninterrupted service.

Interestingly, a neighbouring port operated by Chinese authorities has also remained unaffected by the conflict, which adds further reassurance to global investors monitoring the region.

No official statements have been issued by Adani Group or Israeli authorities at the time of writing, although market observers anticipate clarity in upcoming trading sessions.

Adani Ports Share Price Performance

On June 16, 2025, Adani Ports and Special Economic Zone share price opened at ₹1389 on NSE, below the previous close of ₹1405.00. During the day, it surged to ₹1411.20 and dipped to ₹1375.00. The stock is trading at ₹1403.20 as of 11:41 AM. The stock registered a marginal decline of 0.13%.

Conclusion

Although early reports sparked market concerns about possible damage to Haifa Port due to the Iran-Israel conflict, official representatives from the Adani Group have confirmed that the port and its operations remain unaffected. The financial exposure of Adani Ports to this asset is also limited, ensuring that the broader impact on its business remains minimal for now.

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