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Bloomberg Quint

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Image Credit: Bloomberg Quint

Adani Group's Haifa Port Operations Normal: Group CFO

  • Adani Group's Haifa port in Israel was unharmed by an Iranian missile attack, with cargo operations running smoothly, confirmed by the Group CFO, Jugeshinder (Robbie) Singh.
  • Iran struck Israel's Haifa port and an adjacent oil refinery in retaliation to Tel Aviv's recent actions, but the Haifa port remained unaffected by the attack.
  • Reports of damage to the cargo facility were denied by Adani Enterprises.
  • Cargo operations at the Adani-operated Haifa port are normal, with eight ships currently in the port.
  • Haifa port is a significant maritime hub handling more than 30% of Israel's imports; Adani Ports owns a 70% share in the port.
  • Haifa's cargo volume accounts for less than 2% of the total handled by Adani Ports and SEZ, contributing about 5% of the revenue with a total cargo volume of 10.57 million tonnes.

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