Adani Port And SEZ

The notification to allow continued petroleum imports at Krishnapatnam Port had a positive impact on the shares of Adani Ports, which gained over 1 per cent intraday on the Bombay Stock Exchange

Shares of Adani Energy Solutions, Adani Ports, Adani Enterprises, Adani Power, Adani Green Energy, Adani Total Gas, Adani Wilmar and Ambuja Cements were up in the range of 2 to 6 per cent.

Adani Ports and Special Economic Zone (APSEZ) on Wednesday said it has signed a concession agreement with DPA to develop Berth No 13 at Deendayal Port, Kandla, Gujarat. APSEZ has incorporated a wholly-owned subsidiary, DPA Container and Clean Cargo Terminal Limited (DPACCCTL), that will carry out operations at the berth, it said in a statement. Berth will handle multipurpose cargo and is expected to be commissioned in FY27. In July 2024, APSEZ had received the LOI for the development, operation and maintenance of the berth for a 30-year concession period. According to the statement, APSEZ will develop the berth under DBFOT (Design, Build, Finance, Operate, and Transfer) model for multipurpose clean cargo, including container cargo. Berth No. 13 is 300 metres long and offers 5.7 MMT capacity annually. It is likely to be commissioned in FY27. APSEZ CEO and whole-time director Ashwani Gupta said, "Berth No. 13 will diversify our presence at Deendayal Port. We will now handle multipu

Shares of the Adani Group company were up 1.2% after the results, while the broader benchmark Nifty 50 gained 0.2%

Other Adani Group entities also saw losses, which include Adani Green 0.45 per cent, Adani Energy Solutions 0.62 per cent, Adani Total Gas 0.53 per cent and Adani Wilmar 0.46 per cent

Adani Ports and Special Economic Zone Ltd (APSEZ) handled its highest-ever monthly cargo volume of 420 MMT in April 2024

Company sets target to achieve 140 MTPA capacity by 2028, aided by greenfield expansions

Adani Ports aims to increase cargo traffic in the Middle East, Southeast Asia, Africa, and the Mediterranean through strategic acquisitions and partnerships over the next 3-5 years

This comes at a time when the group is in the middle of controversies regarding alleged malpractices in corporate governance last year

US defence contractor L3Harris Technologies and China's Weichai Power have also been excluded

Adani Ports issued a clarification on reports stating the company planned to launch a development project in Bataan, Philippines to expand its ports. Here's what they said

Adani Ports and Special Economic Zone Limited (APSEZ) is eyeing Bataan to establish a 25-meter-deep port capable of accommodating Panamax vessels

Six Adani Group firms face Sebi scrutiny for alleged breaches in related party transactions and listing regulations

4 out of the Nifty50 stocks zoomed over 100 per cent in FY24; as per technical charts, here's are the key levels that should be closely monitored.

Adani Ports and Special Economic Zone, India's largest private port operator, reported a nearly 68% surge in third-quarter profit on Thursday, helped by a jump in cargo volumes and higher tariffs

Among the key reasons for the rally in PSUs are undervaluation and hopes of privatisation

Flagship Adani Enterprises Ltd. became the first of Indian billionaire Gautam Adani's firms to sell local-currency bonds, since being targeted by US short seller Hindenburg Research in January

Adani Ports & Special Economic Zone is pursuing a potential Rs 1,100-1,200 crore acquisition of Gopalpur Ports from Shapoorji Pallonji Group, which would bolster its presence along the eastern coast

Nifty50 nears 21,000 mark; Adani stocks emerge biggest market driver

Allegations in a scathing report by US-based Hindenburg Research, which erased around $100 billion from the Adani Group's market value earlier this year