Page 2 - Adani Ports And Special Economic Zone

Adani Group firms face busy HR year, see internal rejig as businesses grow

Spokesperson says similar adjustments made in the past while expanding into new sectors

This Adani Group stock has zoomed 40% in 5 weeks, hit new high today

The company said it is, now, targeting over 400 MMT of cargo volumes in FY24, surpassing the upper end of the guidance range (370-390 MMT) provided at the start of the current financial year

Stocks to Watch today, Jan 4: Adani Ports, NTPC, LIC, IT, Vedanta, OIL, IEX

Stocks to Watch on Thursday, January 4, 2024: The board of directors of Adani Ports and Special Economic Zone Limited (APSEZ) has approved raising funds up to Rs 5,000 crore

Adani Ports plans to issue $120 million rupee bond sale, first since 2021

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 in talks for acquisition of SP Group's Gopalpur Ports in Odisha

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

Adani's AICTPL becomes 1st in India to handle 300,000 containers in a month

Adani International Container Terminal Pvt Ltd (AICTPL) has become the first terminal in India to handle over 3 lakh containers in a month. AICTPL is a joint venture terminal of Adani Ports and Special Economic Zone (APSEZ) in Mundra. "AICTPL created a national record by handling 3,00,431 TEUs across 97 vessels in November 2023, breaking its own record of 2,98,634 TEUs in March 2021, by handling approximately 10,000 TEUs every day," APSEZ said in a BSE filing. TEU refers to twenty-foot equivalent unit. "AICTPL becomes the first terminal in India to handle over 3,00,000 containers in a month," the filing added. The company also informed that APSEZ handled about 36 million metric tonne (MMT) of the total cargo in November 2023, up 42 per cent year-on-year. In the initial 8 months of FY24, APSEZ handled 275 MMT of cargo. APSEZ's Dhamra & Ennore Ports recorded their highest-ever monthly volumes. According to the statement, logistics volumes continue to witness record growth with ..

CWIT first phase likely to be operational by Dec 2024: Karan Adani

The first phase of Colombo West International Terminal (CWIT) is likely to be operational by December 2024, Adani Ports and Special Economic Zone (APSEZ) Whole Time Director and CEO Karan Adani has said. The US International Development Finance Corporation (DFC) will provide USD 553 million in financing to Colombo West International Terminal Pvt Ltd a consortium of India's largest port operator Adani Ports and SEZ Ltd, Sri Lanka's leading enterprise John Keells Holdings (JKH) and the Sri Lanka Ports Authority. "So, on the Colombo port, we expect commissioning and operationalizing of Phase 1 by December of 2024. Now, we have already given our...capex guidance," Adani said in a conference call. DFC is the US government's development finance institution. "As you know, in Colombo port, we have a JV partner as well, where we have 51 per cent and 49 per cent shared by the other two partners, SLPA and John Keells. So, they bring in their respective equity into that project as well," he .

Adani hikes stake in two group companies to work on claw back strategy

Billionaire Gautam Adani-led promoter group has increased stake in two of the group's listed companies, as the ports-to-energy conglomerate continues to work on a claw back strategy after being hit by damaging reports. The promoter group has increased stake in flagship Adani Enterprises to 71.93 per cent from 69.87 per cent, according to stock exchange filings. This is the second time in less than a month that the promoters have raised stake in the flagship firm that incubates new businesses. The promoters had last month increased stake in Adani Enterprises Ltd from 67.65 per cent to 69.87 per cent. The promoter group has also increased stake in Adani Ports and Special Economic Zone Ltd from 63.06 per cent to 65.23 per cent, the filings showed. Resurgent Trade and Investment Ltd bought almost one per cent stake in Adani Ports and Special Economic Zone Ltd in open market transactions and another 1.2 per cent was purchased by Emerging Market Investment DMCC. Both are promoter group .

What is OCCRP that has levelled allegations against Adani and Vedanta?

A report published by OCCRP has accused Adani Group of routing investments in its publicly traded stocks through "opaque" Mauritius funds. But what is OCCRP, and why is it accusing the Adani Group

Adani Ports for minimum 50 yrs of concession period in PPP projects

Adani Ports and Special Economic Zone (SEZ) on Monday emphasised the need for an "extended" concession period of at least 50 years and a comprehensive dispute resolution mechanism in the Public-Private Partnership (PPP) model in infrastructure projects. The suggestions made by Adani Ports and SEZ CEO (Ports) Subrat Tripathy at the roadshow of the 3rd Global Maritime India Summit 2023 here were in sync with the ongoing discussions aimed at bolstering India's maritime infrastructure and attracting significant global investments. "I want to highlight to the minister and the offices of the Ministry of Shipping for both shipping and that a 30-year concession period may not be adequate. The new concession regime already recognises the ability to roll over, but I believe that a 50-year concession period would be more beneficial, Tripathy said. This would provide a greater incentive for investors to come forward and ensure that adequate revenues are met, he said. It would also help mitigat

Adani Ports Q1FY24 results: Consolidated net profit up 80% to Rs 2,119 cr

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 & SEZ total cargo volumes jump 7% YoY to 34 MMT in July

The company's logistics volumes continue to record significant jump with year-to-date (YTD) rail volumes of 178,689 TEUs

Total cargo handling at APSEZ ports jump 19% in May, YTD numbers up 16%

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

Adani Ports completes sale of Myanmar Port at discounted price of $30 mn

Exit in line with guidance of risk committee, says CEO

APSEZ cargo handling rises 13% in April YoY, credits improved infra

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

Adani Ports bond buyback allays refinancing risk: S&P Global Ratings

The company, part of the beleaguered Adani Group, should be able to lower its debt well ahead of the maturity of its unsecured notes worth $650 million, due in July 2024, S&P added

Adani Ports closes FY23 with 9% higher cargo at 339 million metric tonnes

Container rakes handled by the logistics arm of the company crossed 500,000 TEUs in the previous fiscal, showing a growth of 24 per cent

Adani Group loan repayment: How do promoters raise money through pledging?

Adani Group: The repayment of the loan will release the pledge on shares of promoters in four Adani Group companies, Adani Enterprises, Adani Ports, Adani Green Energy and Adani Transmission

Adani group shares extend fall; Adani Total Gas tanks 79% in one month

Adani Power (Rs 162.60), Adani Transmission (Rs 788.75), Adani Total Gas (Rs 834.95), Adani Green Energy (Rs 539.30) and Adani Wilmar (Rs 390.35) were locked at 5 per cent lower circuit today

6 out of 10 Adani group stocks locked at 5% lower circuit in firm market

The Central government has agreed to form an expert committee to strengthen the regulatory regime in order to ensure that market investors are protected.