Page 2 - Apsez

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 sells Rs 15,446-cr stake to US equity boutique GQG Partners

"The investment has made GQG a key investor in the development and growth of critical Indian infrastructure," it said

Adani Ports & SEZ repays Rs 1,500-crore SBI MF loan in comback strategy

Adani group's gross debt stood at Rs 2.26 lakh crore as of September 2022 and had cash of Rs 31,646 crore

Moody's maintains ratings of 8 Adani cos, changes outlook on 4 to negative

Affirmation of APSEZ's issuer ratings considers the company's strong market position as the largest port developer and operator in India by cargo volume and its strong liquidity and financial profile

APSEZ Q3 net profit declines 12.94% to Rs 1,336 crore, total expenses rise

The country's largest integrated logistics player had clocked a consolidated profit of Rs 1,535.28 crore a year ago, according to a regulatory filing

APSEZ forms JV with Gadot Chemical Terminals in Israel to buy Haifa Port

Adani Ports and Special Economic Zone (APSEZ) on Monday announced the setting up of a joint venture company with Gadot Chemical Terminals Ltd in Israel. "The company has incorporated a joint venture company with Gadot Chemical Terminals (1985) Ltd in Israel namely 'Mediterranean International Ports A.D.G.D Ltd' on November 13, 2022," APSEZ said in a BSE filing. It said Mediterranean has been incorporated as a joint venture company with Gadot Chemical Terminals (1985) Ltd for the acquisition of Haifa Port Company which currently operates Haifa Port in Israel. Adani Ports and Special Economic Zones, the flagship transportation arm of the diversified Adani group, is India's largest private ports and logistics company.

Adani Ports acquires 49.38% stake in Indian Oiltanking for Rs 1,050 crore

Adani Ports and Special Economic Zone Ltd (APSEZ) on Wednesday said that it has acquired 49.38 per cent stake in Indian Oiltanking Ltd -- developer and operator of liquid storage facilities -- for Rs 1,050 crore. APSEZ in a statement said this agreement also includes acquisition of an additional 10 per cent equity stake in IOT Utkal Energy Services Ltd, a 71.57 per cent subsidiary of IOTL (Indiain Oiltanking Ltd). "APSEZ has entered into a definitive agreement for the acquisition of Oiltanking India GmbH's 49.38 per cent equity stake in Indian Oiltanking Ltd, which is one of India's largest developer and operator of liquid storage facilities," it said. According to the statement, the acquisition is well aligned with APSEZ's strategy of becoming the largest transport utility. The statement said over the last 26 years, IOTL has built a network of six terminals across five states with a total capacity of 2.4 Mn KL (owned capacity of 0.5 Mn KL and BOOT capacity of 1.9 Mn KL) for stora

Adani Ports receives NCLT approval to acquire 58.1% in Gangavaram Port

Deal to be a share swap, with issuance of 47.7 million APSEZ shares to the erstwhile GPL promoters; post-transaction, GPL will become a fully-owned subsidiary of APSEZ

Adani Ports, Vedanta group co-bidders for Puducherry's Karaikal port

The Karaikal Port defaulted on Rs 2,960 crore loans and was taken up for insolvency proceedings in April this year by the Chennai bench of NCLT

Adani Ports incorporates arm for trading in aviation-related fuels

Adani Ports and Special Economic Zone (APSEZ) on Thursday said it has incorporated a wholly-owned subsidiary Adani Aviation Fuels Limited (AAFL) to carry on the business of sourcing, transporting, supplying and trading of aviation related fuels. APSEZ in BSE filing said that AAFL will commenceits business operations in due course. "APSEZ incorporated a WOS namely, Adani Aviation FuelsLimited on 29th September, 2022 with an initial authorized share capital of Rs 5,00,000 and paid-up share capital of Rs 5,00,000 each to, interalia, carry onbusiness of sourcing, transporting, supplying & trading of Aviation related fuels,constructing, developing, managing, maintaining, building, equip, hiring of infrastructure related to the business within and outside India," it said.

West Bengal govt nod to Adani's Tajpur greenfield port development

APSEZ had emerged as the H1 bidder earlier this year, but the state government had not declared it

Adani Ports signs agreement with SPMK to enhance Haldia Dock's capacity

SMPK said in a statement that the project would help increase the cargo handling capacity and also fast evacuation of cargo at Haldia Port

Ports ministry to recast Mormugao monetisation tender to attract more bids

The project is part of the national monetisation pipeline, which is expected to yield Rs 6 trillion by 2024-25

Shipping Ministry looks to make govt ports competitive against pvt peers

Minister asks for plan to build mega ports by 2047, develop new technologies

Adani Ports buys Ocean Sparkle for Rs 1700 cr through Adani Harbour Svces

Ocean Sparkle is a leading player in towage, pilotage, and dredging with an asset base of 94 own vessels and 13 third-party-owned vessels

Adani Ports and SEZ highest bidder for West Bengal's Tajpur deep-sea port

As per an analyst, 0.25 per cent revenue share is very low and will lead to an adverse impact on the existing Kolkata Port

Adani Ports forays into Bengal maritime sector, to operate berth at Haldia

The Kolkata port authorities on Thursday officially handed over the letter of award to Gautam Adani controlled Adani Ports and Special Economic Zone Limited (APSEZ) for mechanisation and upgradation of a berth in Haldia Dock Complex (HDC). This marks the entry of the country's largest private port operator in West Bengal's maritime sector. Syama Prasad Mookerjee Port (SMP), formerly the Kolkata Port Trust, said in a statement that the project envisages incorporating environment friendly, fully mechanised technology for handling dry bulk cargo. Berth no. 2, where the company will work, will offer a capacity of 3.744 million metric tons per annum and the investment will be about Rs 298.26 crore. The project is expected to commence in the fourth quarter of FY 2024-25. APSEZ outbid city-based Ripley & Co by quoting a royalty of Rs 75 per tonne for the rights to mechanise and run the dry bulk cargo handling berth at HDC. Adani had initially shown interest in privatisation of ...

Adani Ports shares decline over 2% post earnings

Adani Ports and Special Economic Zone on Tuesday reported a 6.20 per cent decline in consolidated profit to Rs 1,478.76 crore for the third quarter ended December 2021

APSEZ cargo handling jumps 35% to 234.3 MT during April-December

Its ports, excluding Mundra, grew 74 per cent and contributed 52 per cent of the total cargo basket, APSEZ said in a filing to the BSE

Removal from MSCI climate change indices disappointing, says Adani Group

APSEZ has been far ahead of its industry in stating publicly, more than 15 months back, its absolute commitment to achieving carbon neutrality by 2025