Rorix and Adani Ports Team Up to Revolutionise Commodities Trade

On September 20, 2024, Rorix Holdings, a global trade and finance company based in Abu Dhabi, signed a Memorandum of Understanding (MOU) with Adani Ports and Special Economic Zone Limited, the largest private port operator in India. 

This partnership aims to combine their strengths to incorporate advanced technologies into their logistics and trading platforms, creating synergies that will transform the commodities market.

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 revolutionise 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 is an important move toward promoting innovation and growth in the commodities market. It aims to provide a smoother, safer, and more transparent trading experience for stakeholders worldwide.

About Rorix Holdings

Rorix Holdings, part of International Holding Company/Sirius International Holding, focuses on transforming trade finance, consulting, commodities exchange, and trade insurance. Founded to improve global trade and investment, Rorix uses advanced technologies and complete solutions to help businesses of all sizes, promoting sustainable economic growth and access to global markets.

About Adani Ports and Special Economic Zone Ltd

Adani Ports and Special Economic Zone Ltd (APSEZ), part of the Adani Group, has transformed from a port company into an Integrated Transport Utility. It now offers complete solutions that directly take goods from the port to customers. It is the biggest port developer and operator in India, with 7 key ports on the west coast and 8 ports on the east coast. These ports account for 27% of the country’s total port volume, allowing them to handle large cargo from coastal and inland regions.

On September 20, 2024, the share price of APSEZ opened at ₹1,418.95, touching the day’s high at ₹1,453.05, as of 03:17 PM on the NSE.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.