Page 2 - Adani Ports & Special Economic Zone Ltd News

Adani Ports Q2 result: Net profit rises 40% YoY but misses estimates

During the quarter, the company handled a total cargo of 111 MMT, up 10 per cent YoY

Q2 results today: Maruti, Cipla and Adani among 139 firms to post earnings

Q2FY25 company results: Adani Ports, Adani Enterprises, Canara Bank, Muthoot Capital, and SBI Cards and Payment Services will be releasing their second-quarter earnings report on October 29

Adani Group stocks in focus; Energy Solutions, AEL rally up to 6%

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.

Sensex plunges 950 pts intraday, SmallCap index 4%; Why markets fell today?

Stock market crash: The BSE Sensex crashed up to 962 points or 1.17 per cent to 80,726.06 levels, while NSE's Nifty50 fell 244 points or 0.97 per cent at 24,770 levels in intraday deals

APSEZ, DPA to develop multipurpose berth at Gujarat's Kandla Port

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

Adani Group to develop multipurpose berth at Gujarat's Kandla Port

The development will add a capacity of 5.7 MMT to the port operator's existing capacity of 580 MMT

Adani Ports acquires 80% stake in Astro Offshore for Rs 1,551 crore

Astro Offshore is a leading global OSV operator in the Middle East, India, Far East Asia, and Africa

Adani Ports to acquire 80% stake in Astro Offshore for $185 million

The company in a statement said the existing promoters of Astro will hold the remaining 20 per cent stake

Adani Ports to set up 2 projects in MP with Rs 3,500 cr investment

Adani Group firm APSEZ on Wednesday announced setting up a 2 million tonne capacity cement grinding unit in Guna and a propellant production facility at Shivpuri in Madhya Pradesh with a total investment of Rs 3,500 crore. Adani Ports and Special Economic Zone Ltd (APSEZ) MD Karan Adani made the announcement at the Gwalior Regional Industry Conclave here. He said the unit in Shivpuri is strategically aligned with the Aatmanirbhar mission to transform India from a defence importer to a defence exporter. These two projects would create over 3,500 direct and indirect jobs. Referring to the investment made by Adani Group in Madhya Pradesh, he said "we have already invested Rs 18,250 crore and created 12,000 jobs. Gwalior is fast becoming a tourism hotspot and a pool of high-quality talent and also a key transportation and trade hub. These developments are making Gwalior one of India's emerging economic centers, attracting investments across sectors." The Adani defence facility at Gwali

Gujarat govt helping Adani Ports 'secure monopoly', JPC essential: Congress

The Congress on Wednesday reiterated its demand for a joint parliamentary committee into the Adani issue and alleged that the Gujarat government was helping Adani Ports to "secure a monopoly" on the state's port sector. Congress general secretary in-charge communications Jairam Ramesh said the Gujarat government grants private ports a 30-year concession period on a Build-Own-Operate-Transfer (BOOT) basis, after which ownership gets transferred to the government of Gujarat. On the basis of this model, Adani Ports currently has control over Mundra, Hazira, and Dahej ports, he said. Before the 2024 Lok Sabha Elections, Adani Ports requested the Gujarat Maritime Board (GMB) to extend this concession period by another 45 years to 75 years in total, Ramesh claimed. "This was much beyond the maximum permissible period of 50 years, but the GMB hastened to request the Gujarat Government to do so anyways. The GMB was in such a hurry that it did so without approval from its Board, resulting

Adani group stocks dip up to 17% on new allegations by Hindenburg Research

Adani Energy Solutions, Adani Total Gas, NDTV and Adani Power dropped between 11 per cent and 17 per cent on the BSE in Monday's intra-day trade

Hindenburg vs Sebi chief: How to trade Adani stocks now? Levels to track

As Hindenburg saga resurfaces, here's a technical check on Gautam Adani-led Group stocks for the likely trend ahead.

Adani Ports registers 47% jump in Q1 profit on strong cargo volumes

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

Nifty hits 25,000: Next 5,000-pt rally could be led by banks, IT, autos

Devarsh Vakil, Deputy Head of Retail Research, HDFC Securities suggests that for the Nifty50 index to move up from the current levels, bank and IT sectors need to perform and do the heavy lifting

Bhutan king visits Adani's project sites, commends Mundra, Khavda

A high-level delegation from Bhutan led by its King and the Prime Minister on Tuesday visited Adani Group's flagship infrastructure project sites at Mundra and Khavda as part of their two-day visit to Gujarat. "Immensely grateful to His Majesty King Jigme Khesar Namgyel Wangchuck of Bhutan and Hon. @PMBhutan Dasho Tshering Tobgay for visiting Adani's 30 GW Renewable Energy site at Khavda and Mundra Port. Deeply inspired by Bhutan's vibrant spirit and steadfast commitment to eco-friendly initiatives. We are excited about doing our part to foster collaboration with the Land of the Thunder Dragon for a sustainable and greener future," group chairman Gautam Adani said in a post on X. Adani also posted pictures with the two. The primary aim of their visit was to explore extensive collaboration opportunities with the Adani Group across multiple sectors, sources said. In Mundra, Adani Group operates India's largest commercial port, while at Khavda it is developing the world's largest ...

Adani group's Vizhinjam port to see up to Rs 20K crore investment

Adani Ports to put in Rs 10K cr, may complete Phase-I in Sep, all phases by 2028

Adani Ports aims to complete phase one of long-delayed port by year-end

Adani Ports, a part of billionaire Gautam Adani's ports-to-power conglomerate, aimed to start operations at the port in the state of Kerala in 2018 but faced delays due to land acquisition issues

Adani Ports planning to invest $1.2 bn in new transshipment terminal

Transshipment refers to transferring cargo from an original ship to another, bigger mother ship at a port on the way to the cargo's final destination

History scripted as mothership lands at Adani Group's Vizhinjam port

The mothership is around 300 metres long and 48 meters wide and carries around 2,000 containers

Supreme Court stays Gujarat HC order on recovering land from Adani Ports

On July 5, the Additional Chief Secretary notified the court that the state administration had opted to reclaim 108 hectares of 'gauchar' land previously allocated to APSEZ