APSEZ

Adani Ports, JSW Infra plan major expansion via capex, target combined volume market share of 42% by FY30

Adani Ports and Special Economic Zone Limited (APSEZ) is India's largest port developer and operator

Adani Ports and Special Economic Zone on Friday said its wholly owned subsidiary Adani International Ports Holdings Pte Ltd (AIPH) has signed a 30-year concession agreement with the Tanzania Ports Authority to operate and manage Container Terminal 2 at the Dar es Salaam Port in Tanzania. The Dar es Salaam Port is a gateway port with a well-connected network of roadways and railways, Adani Ports and Special Economic Zone (APSEZ) said in a statement. East Africa Gateway Ltd (EAGL) has been incorporated as a joint venture of AIPH, AD Ports Group, and East Harbour Terminals Ltd (EHTL), the statement added. APSEZ will be the controlling shareholder and will consolidate EAGL on its books, it said. According to the statement, Container Terminal 2, with four berths, has an annual cargo handling capacity of 1 million twenty-foot equivalent units (TEUs) and managed 0.82 million TEUs of containers in 2023 -- about 83 per cent of Tanzania's total container volumes.

Adani Ports and Special Economic Zone Ltd (APSEZ) on Sunday said its flagship Mundra Port has created yet another record by welcoming the largest container ship to call at an Indian port. The vessel, MSC Anna, docked on May 26 at Mundra Port. MSC Anna is a huge vessel with an overall length of 399.98 m (roughly the length of four football fields) and a staggering capacity of 19,200 TEUs (twenty-foot equivalent units), which makes it the largest container ship by capacity to ever visit an Indian port, APSEZ said in a statement. Its arrival draft is 16.3 m, which can be accommodated only at Adani Ports, Mundra, as no other port in India is capable of berthing a deep-draft vessel, it added. In July 2023, Adani Ports, Mundra created a record by berthing MV MSC Hamburg, one of the longest container ships in the world, with overall length of 399 m and capacity of 16,652 TEUS. Further, the statement said its container terminal CT-3 reached a significant milestone by becoming the first in

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

Firm to bid for mega projects like Rs 77,000 crore Vadhavan Port, Rs 44,000 crore Nicobar Port

In December 2015, Adani Ports and Special Economic Zone Limited (APSEZ) initiated the international transshipment project in Vizhinjam, Kerala

At the start of FY24, the company's guidance for cargo volumes for the fiscal year was 370-390 mmt. 408 mmt of the company's cargo volumes came from its domestic ports

Adani Ports and Special Economic Zone Ltd (APSEZ) on Sunday said it has secured top position for its climate actions and environmental performance in assessments done by four global rating agencies. The assessments were done by CDP, S&P, Sustainalytics and Moody's . While the company secured 'leadership band' in CDP Climate Assessment 2023, it ranked first on the environmental dimension among 324 companies in the transport and transport infrastructure sector by S&P Global CSA 2023, the statement said. The company also secured the top rank in the marine ports sector on a low carbon transition rating by Sustainalytics. It also received the 'advanced' rating in Moody's Energy Transition Rating and the first rank in the overall ESG Assessment and Strategy review in their last update. APSEZ is a part of the globally diversified Adani Group and is the largest port developer and operator in India .

After the completion of the transaction, APSEZ would hold a 51 per cent stake in AECTPL

The net profit was 85.7 per cent higher as compared to Rs 1,140.97 crore in the quarter that ended on March 31

Adani Ports and Special Economic Zone Ltd (APSEZ) on Monday said it has handled 101.4 million metric tonnes (MMT) of cargo during the first quarter of FY24. At 101.4 MMT, the cargo handling was 11.5 per cent higher over April-June period of preceding 2022-23 fiscal, APSEZ said in a regulatory filing. "Growth has been observed across most ports and all three broad cargo segments -- container over 19 per cent, liquids & gas 8 per cent, and dry bulk 7 per cent," it said. In June alone, APSEZ handled 32.8 MMT of cargo. APSEZ is the largest commercial ports operator in India accounting for nearly one-fourth of the cargo movement in the country. It is present across 13 domestic ports in seven maritime states of Gujarat, Maharashtra, Goa, Kerala, Andhra Pradesh, Tamil Nadu and Odisha.

The cargo handling in June was, however, lower at 32.8 MMT as compared to 36 MMT in May

Growth was seen in almost all the ports and in all three segments of its business, the company said

Adani Ports and Special Economic Zone Limited (APSEZ) on Tuesday reported a 2.63 per cent rise in consolidated net profit to Rs 1,140.97 crore for the fourth quarter ended March 2023. The country's largest integrated logistics player had clocked a consolidated net profit of Rs 1,111.63 crore in the corresponding period of the previous fiscal, the company said in a BSE filing. Its consolidated total income increased to Rs 6,179.12 crore for the fourth quarter of the last fiscal against Rs 4,739.08 crore in the year-ago period. The total expenses also rose to Rs 3,993.62 crore in the quarter under review from Rs 3,497.49 crore a year ago.

As per company officials, with the rising traffic at the port, the customs department is targeting to earn Rs 1.15 trillion by the end of the ongoing financial year

Exit in line with guidance of risk committee, says CEO

Four ports recorded significant sequential growth in monthly volumes, says company

India's largest transport utility will spend Rs 850 cr over time to upgrade port infrastructure

Billionaire Gautam Adani's Adani Ports and Special Economic Zone Limited (APSEZ) on Wednesday said its board will meet on Saturday to consider first and a partial buyback of certain of its debt securities, either denominated in rupee or US dollar in the current financial year. "... a meeting of the Board of Directors of Adani Ports and Special Economic Zone Limited is scheduled on Saturday, April 22, 2023, to consider first and a partial buyback of certain of its debt securities, either denominated in INR or USD, in this financial year, subject to market conditions," the company said in a BSE filing. Adani group has been under pressure after the US short-seller Hindenburg Research on January 24 accused it of accounting fraud and stock manipulation, allegations that the conglomerate has denied as "malicious" and "baseless". Earlier this month, APSEZ had reported a 9 per cent growth in cargo handling at seaports it operates for the fiscal ended March 31. At 339 million tonne, this is