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Adani Ports and Special Economic Zone on Thursday said it will acquire a 100 per cent stake in Jaypee Fertilizers & Industries from Jaiprakash Associates for Rs 1,500 crore, as part of the NCLT-approved resolution plan for JAL. Adani Ports and Special Economic Zone Ltd (APSEZ), in a regulatory filing, said the acquisition will further consolidate the company's inland logistics presence and service capabilities in North India. The acquisition aligns with the company's ambition to expand its MMLP (Multi-Modal Logistics Park) network from 12 to 16 and warehousing capacity by 4X by 2031, it added. "As part of the implementation of the approved resolution plan, the company has entered into a share purchase agreement with Jaiprakash Associates Limited for the acquisition of 100 per cent of the shareholding of Jaypee Fertilizers & Industries Limited (the holding company of KFCL), held by JAL (Jaiprakash Associates Limited)," the country's largest private port operator said. Jaypee ...
Adani Ports and Special Economic Zone Limited (APSEZ), through its subsidiary Adani Gangavaram Port Ltd, has signed a strategic Memorandum of Understanding with NMDC Ltd and Vale SA to develop an integrated iron ore blending facility and dedicated Special Economic Zone (SEZ) at Gangavaram Port. The MoU was signed at the India-Brazil Business Forum Summit in New Delhi during the official visit of Brazilian President Luiz Inacio Lula da Silva, the company said in a statement. Under the agreement, the three parties will jointly develop, operationalise and manage an SEZ-based ecosystem for blending, value addition and commercialisation of iron ore. The initiative is aimed at strengthening the iron ore export value chain on India's East Coast by improving efficiency, scale and global competitiveness in mineral processing and trade. With the proposed development, the capacity of Gangavaram Port is expected to increase to 75 million tonnes, positioning it as a major export hub for iron ore
Adani Ports and Special Economic Zone Ltd (APSEZ) has signed a memorandum of understanding with France's Port of Marseille Fos to deepen cooperation on trade facilitation, port innovation and energy transition, strengthening connectivity along the IndiaMiddle EastEurope Economic Corridor (IMEC). The initial pact proposes the creation of an IMEC Ports Club to enhance coordination among key ports along the IMEC route and reinforce connectivity between India and the European Union. The development completes the IMEC pathway for India-EU trade, boosted by the Free Trade Agreement between India and the EU, termed "the mother of all deals" by Prime Minister Narendra Modi. The MoU was signed during the visit of French President Emmanuel Macron, aligning the expanding India-France strategic partnership with the broader IMEC and India-EU trade vision, APSEZ said in a statement. Launched at the 2023 G20 Summit in New Delhi, IMEC is a 6,000-km multimodal connectivity initiative linking India a
The Adani Ports will be carrying out the second phase development of the Vizhinjam seaport at an estimated cost of around Rs 16,000 crore, and an announcement in this regard is expected during the inaugural ceremony on Saturday, sources said. The second phase of development will be inaugurated on Saturday evening by Chief Minister Pinarayi Vijayan. The Adani Ports and Special Economic Zone Ltd (APSEZ) expects the second phase of development to make Vizhinjam the largest transhipment hub in the Indian sub-continent, the sources said. It will add 4.1 million Twenty-foot Equivalent Units (TEUs) to the existing capacity of the port, they said. The sources further said that while Vizhinjam was currently the most advanced and fully automated transhipment hub in India, the phase 2 development will be undertaken with updated automation in technologies and equipment. The phase 2 equipment will include 21 automated ship-to-shore (STS) cranes, 45 automated Cantilever Rail-Mounted Gantry (CMR