Adani Ports and Special Economic Zone (APSEZ) crossed 300 million metric tonne (MMT) of cargo handling on Thursday. The company crossed the cargo handling in just 329 days. APSEZ has registered growth since it started operations over two decades ago and continues to outperform all India cargo volume growth, with its market share rising rapidly, the company said in a statement. "APSEZ's flagship port, Mundra, is outpacing all its closest rivals by comfortable margins and continues to be the largest port in the nation in terms of volumes handled," APSEZ CEO and Whole Time Director Karan Adani said. APSEZ, a part of Adani Group, has evolved from a port company to an integrated transport utility providing an end-to-end solution from its port gate to customer gate.
Govt has already told agitators that construction work won't be stopped, but is said to have accepted all their demands
The protests are expected to cast shadow on the completion of the first phase of the project in December 2023
For Adani, the world's third-richest person according to Forbes, it's a high-stakes impasse with no apparent easy solution
Adani was far ahead of Reliance Industries' chairman Mukesh Ambani (Mukesh Ambani & family), whose wealth rose 11 per cent in the last one year
Sector experts feel the court has cleared the air on an issue which saw multiple stands from high courts across the country
The broader markets have pulled back sharply, with the benchmarks Sensex and Nifty 50 now up 15 per cent each from the June lows.
Israel in recent years has been selling its government-owned ports and allowing new, private piers to be built in an effort to shorten wait times for cargo ships and lower the costs of imports
Minister asks for plan to build mega ports by 2047, develop new technologies
The contract was for upgrading a container terminal in Navi Mumbai; Adani counsel urges top court to restrain JNPA from proceeding with other bids
If the stock of Adani Enterprises fails to hold the support of Rs 1,300 levels, it may slip to Rs 1,000-mark, translating into a downside of 23 per cent from the current levels, charts suggest
T E NarasimhanThe Governemnt of Kerala has said that it is analysing the request of Adani Group to review an earlier decision on imposing a penalty on the company for allegedly not complying with the project schedule as per the agreement. It has also said that the government, through the Vizhinjam International Seaport Ltd (VISL), has wrote a letter to the Adani Group refusing its request for more time to complete the project, said Ramachandran Kadannappally, Minister for Ports, Museums, Archaeology and Archives. Adani Group has earlier informed the government that the project could take 16 months more than what was expected, owing to the damages caused by the Ockhi cyclone in November, 2017.As per the concession agreement between the government and the company, the Rs 75.25 billion project is scheduled to be completed by December 4, 2019. However, the company said that the cyclone Ockhi occured on November 30, 2017 has damaged various equipment and construction activities in the ...
Adani Enterprises, Adani Transmission, Adani Power and Adani Ports have recovered between 9% and 18% from their respective intra-day lows.
Adani Enterprises, Adani Transmission, Adani Power and Adani Ports were up 3% to 5% on the BSE in early morning trade.
Adani Ports, Adani Enterprises, Adani Power and Adani Transmission hit 52-week highs on BSE