Rorix Holdings and Adani Ports Sign MoU to Revolutionize the Commodities Market Ecosystem

Rorix Holdings ("Rorix"), the Abu Dhabi-based global trade facilitation and finance company, announces the signing of a Memorandum of Understanding (MOU) during the UAE-India Business Forum with Adani Ports and Special Economic Zone Limited ("Adani Ports"), India's largest private multi-port operator. This strategic partnership aims to leverage the strengths of both organizations to integrate advanced technologies into their logistics and trading platforms and create synergies that will transform the commodities market ecosystem.

Dr. Thani bin Ahmed Al Zeyoudi, Executive Chairman of Rorix Holdings, stated: "Our partnership with Adani Ports will create an innovative and efficient commodities market ecosystem. By combining our expertise in regulated financial platforms and market infrastructure with Adani Ports' strength in logistics and port management, we aim to revolutionize the way commodities are traded, stored, and managed."

Mr. Karan Adani, Managing Director of APSEZ added: "This partnership represents a unique opportunity to transform the commodities trade landscape. By leveraging next-generation technologies and combining our expertise, we aim to redefine how commodities markets operate. The collaboration between Rorix and Adani Ports is a significant step towards our ambition to become one of the largest integrated transport and logistics infrastructure companies globally, providing comprehensive end-to-end services."

This initiative marks a significant step towards fostering innovation and growth in the commodities market, offering a more seamless, secure, and transparent trading environment for stakeholders worldwide.

Shares of Adani Ports and Special Economic Zone Limited was last trading in BSE at Rs. 1408.00 as compared to the previous close of Rs. 1428.60. The total number of shares traded during the day was 63858 in over 5241 trades.

The stock hit an intraday high of Rs. 1439.05 and intraday low of 1394.95. The net turnover during the day was Rs. 90145467.00.

Source : Equity Bulls

Keywords

AdaniPortsandSpecialEconomicZone INE742F01042 MoU RorixHoldings UAEIndiaBusinessForum