On Thursday, the Board of Directors of Adani Port approved the appointment of D Muthukumaran as Chief Financial Officer (CFO) and key managerial personnel of the company with effect from July 25, 2022

D Muthukumaran is a Chartered Accountant (CA) and Cost Accountant of the passing year 1995. He has an experience of 25 years in the same disciplines of finance and accounts. Also, he has driving experience in different businesses, MBA deals, and raising funds in debt and equity. Muthukumaran specializes in structured finance, leveraged buyouts and regulatory & tax structuring.

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Adani Ports & Special Economic Zone (APSEZ) is in the business of development, operations and maintenance of port infrastructure (port services and related infrastructure development) and has linked multi-product Special Economic Zone (SEZ) and related infrastructure contiguous to the port at Mundra.

APSEZ reported a 21.8 per cent fall in consolidated net profit to Rs 1033.02 crore in Q4 FY22 from Rs 1320.69 crore recorded in Q4 FY21. Net sales rose 6.6 per cent YoY to Rs 3,845.03 crore for March 31 2022.

The script rose 1.27 per cent to settle at Rs 703.20 on Thursday, July 7 2022.