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Adani Ports and Special Economic Zone has secured a 10-year marine services contract for Argentina's first liquefied natural gas (LNG) export, marking its entry into South America and expanding its international marine services footprint.
The contract has been awarded to APSEZ's step-down subsidiary, The Adani Harbour International FZCO, through a consortium with Argentina-based Meridian Group following a global competitive tender process conducted by Southern Energy S.A. (SESA). The award strengthens APSEZ's presence across international energy logistics value chains and underscores its growing capabilities in specialised marine services.
Under the agreement, the consortium will provide end-to-end marine services, including tugboat operations for LNG carriers, offshore logistics and supply support and crew transfer services. The scope will be supported by four high-specification tugboats, one anchor handling tug supply vessel and one crew boat.
The Southern Energy FLNG project is being developed by SESA, a joint venture between Golar LNG and Pan American Energy (PAE). Located in the San Matías Gulf in Argentina's Río Negro Province, the project will liquefy natural gas from the General San Martin pipeline aboard the Floating Liquefied Natural Gas (FLNG) vessel Hilli Episeyo, with commercial operations expected to begin in September 2027.
In its first phase, the project is expected to produce 2.45 MT of LNG annually, equivalent to approximately 28 cargoes per year, making it Argentina's first operational LNG export project.
The contract will be executed through Meridian Transportes Marítimos S.A., the 51:49 joint venture between Adani Harbour International FZCO and Meridian Group.
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In the commodities market, Brent crude for August 2026 settlement rose $4.54 or 4.88% to $97.63 a barrel after Israel launched fresh attacks on Lebanon over the weekend despite a ceasefire, raising concerns over regional stability and the smooth flow of oil shipments through the strategically important Strait of Hormuz.
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The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, fell 2.12% to 15.55. The Nifty 30 June 2026 futures were trading at 23,287.20, at a premium of 68.45 points as compared with the spot at 23,218.75.
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Stocks in Spotlight:
Adani Ports and Special Economic Zone (APSEZ) shed 0.11%. The company said that it has secured a 10-year marine services contract for Argentina’s first liquefied natural gas (LNG) export project.
Zee Entertainment Enterprises rose 2.07% after the company announced that its board will meet on Wednesday, 19 June 2026 to consider raising funds through the issuance of equity shares through various modes in one or more tranches.
This contract marks the company’s entry into South America and expands its global marine services footprint.
The contract has been awarded to APSEZ’s step-down subsidiary, Adani Harbour International FZCO, in a consortium with Argentina-based Meridian Group following a global competitive tender conducted by Southern Energy S.A. (SESA).
Under the agreement, the consortium will provide end-to-end marine services, including tugboat operations for LNG carriers, offshore logistics and supply support, and crew transfer services. The operations will be supported by four high-specification tugboats, one anchor handling tug supply vessel, and one crew boat.
The Southern Energy FLNG project, being developed by a joint venture between Golar LNG and Pan American Energy (PAE), is located in Argentina’s Río Negro Province and will liquefy natural gas aboard the FLNG vessel Hilli Episeyo. Commercial operations are expected to begin in September 2027.
In its first phase, the project is expected to produce 2.45 million tonnes (MT) of LNG annually, making it Argentina’s first operational LNG export facility.
Argentina is emerging as a key LNG supplier, with agreements in place to export up to 10 MT annually to India from 2027, highlighting the strategic importance of the project in global energy trade flows.
Ashwani Gupta, Whole-time Director and Chief Executive Officer (CEO), APSEZ, said: “This project reflects our growing capability to support large-scale energy infrastructure projects across geographies. With marine operations in 12 countries and a growing fleet of marine assets supporting ports, LNG terminals, national oil companies, refineries and offshore facilities, we bring deep operational expertise to complex maritime environments. By combining these capabilities with strong local partnerships, we are helping create reliable maritime ecosystems that enable new energy trade corridors and strengthen longterm supply resilience.”
APSEZ is the largest private port operator in India. It reported 10.44% jump in consolidated net profit to Rs 3,328.96 crore on 26.5% increase in revenue from operations to Rs 10,737.58 crore in Q4 FY26 over Q4 FY25.
The scrip rose 0.47% to Rs 1,831.75 on the BSE.
The newly incorporated entity will be engaged in ship management and operations. APSEZ said the subsidiary has been established to conduct offshore operations locally and support the company's strategy of diversifying its global fleet.
According to the filing, Harbour International Shipping FZCO was incorporated on 5 June 2026 with an authorised capital of 100 shares of AED 1,000 each. The Adani Harbour International FZCO holds 100% of the shares in the new entity.
The company said the incorporation aligns with its objective of expanding the geographic reach of its marine business and strengthening its integrated marine platform.
APSEZ added that no governmental or regulatory approvals were required for the incorporation.
The counter advanced 1.82% to settle at Rs 1823.10 on Friday, 5 June 2026.
Adani Ports and Special Economic Zone (APSEZ) is the largest private port operator in India. APSEZ operates a portfolio of 15 domestic ports/terminals with an international presence at 4 global ports/terminals. Along with its port operations, it has its wide logistics network and offers various port-based marine services to its owned ports/terminals as well as other ports.
The company had reported 10.44% jump in consolidated net profit to Rs 3,328.96 crore on 26.5% increase in revenue from operations to Rs 10,737.58 crore in Q4 FY26 over Q4 FY25.
The counter advanced 1.84% to end at Rs 1816 on the BSE.
JFIL is the holding company of Kanpur Fertilizers and Chemicals (KFCL) (which has certain industrial and commercial lands in Kanpur). KFCL holds ~243 acres of land in Kanpur, strategically ideal for development of a world-class logistics park and warehousing facilities aligned with the Company's logistics business. The acquisition shall further consolidate Company's inland logistics presence and service capabilities in North India. The acquisition aligns with Company's ambition to expand its MMLP network from 12 to 16 and warehousing capacity by c.4x by the year 2031.
The aforesaid acquisition is being undertaken as per the terms of the Approved Resolution Plan for Jaiprakash Associates submitted by Adani Enterprises and is expected to be consummated on the ‘Effective Date' under the Approved Resolution Plan.
Logistics rail volume during April 2026 stood at 48,490 TEUs (-16% YoY).
Carborundum Universal Ltd, ICICI Lombard General Insurance Company Ltd, Global Health Ltd, Neuland Laboratories Ltd are among the other stocks to see a surge in volumes on BSE today, 04 May 2026.
Adani Ports & Special Economic Zone Ltd notched up volume of 460.15 lakh shares by 10:47 IST on BSE, a 248.33 fold spurt over two-week average daily volume of 1.85 lakh shares. The stock rose 3.14% to Rs.1,707.20. Volumes stood at 3.08 lakh shares in the last session.
Carborundum Universal Ltd notched up volume of 2.03 lakh shares by 10:47 IST on BSE, a 9.16 fold spurt over two-week average daily volume of 22186 shares. The stock rose 2.98% to Rs.979.85. Volumes stood at 9864 shares in the last session.
ICICI Lombard General Insurance Company Ltd witnessed volume of 2.32 lakh shares by 10:47 IST on BSE, a 6.09 times surge over two-week average daily volume of 38192 shares. The stock dropped 0.12% to Rs.1,759.40. Volumes stood at 8747 shares in the last session.
Global Health Ltd notched up volume of 2.75 lakh shares by 10:47 IST on BSE, a 5.64 fold spurt over two-week average daily volume of 48700 shares. The stock rose 4.50% to Rs.1,168.00. Volumes stood at 15551 shares in the last session.
Neuland Laboratories Ltd clocked volume of 7050 shares by 10:47 IST on BSE, a 4.48 times surge over two-week average daily volume of 1575 shares. The stock gained 5.49% to Rs.15,822.25. Volumes stood at 1398 shares in the last session.
The growth in cargo volumes was led by containers (up 17% YoY) and dry cargo (up 17% YoY).
Logistics rail volume during April 2026 stood at 48,490 TEUs, down 16% YoY.