Page 12 - Adani Ports

Israel's former envoy to India appointed chairman of Adani's Haifa port

Ron Malka, former envoy of Israel to India, has said that he has assumed charge as the Executive Chairman of the Haifa Port Company (HPC) owned by a consortium led by the ports-to-energy conglomerate Adani Group. A consortium of Adani Ports and Special Economic Zone (APSEZ) and Israel's Gadot Group won the tender in July last year to privatise the strategic Port of Haifa in Israel for USD 1.18 billion. "I'm honoured and privileged to take office today as Executive Chairman of the Haifa Port Company, on behalf of @AdaniOnline. The experience and expertise of Adani and Gadot, combined with the dedication of the port workers, will take Haifa Port to new heights of prosperity," Malka tweeted on Sunday. Malka served as the ambassador of Israel to India from 2018 to 2021. The Port of Haifa is the second largest port in Israel in terms of shipping containers and the biggest in shipping tourist cruise ships. The Adani Group officially took over the Israeli port in January this year at a .

Adani's Dhamra LNG terminal receives 1st cargo, to start gas revolution

Adani Group and French company TotalEnergies' newly built Rs 6,000 crore LNG import facility at Dhamra on the Odisha coast has received its first ever shipment of liquefied natural gas - a fuel that will be used to make steel, produce fertilizers and turned into CNG and cooking gas, helping change the landscape of Eastern India. Qatari ship 'Milaha Ras Laffan' docked at Dhamra Port on April 1 morning, bringing in 2.6 trillion British thermal units of natural gas in its frozen form (LNG) which will be used to commission the facility, officials said. Commissioning and testing operations will take up to 45 days and commercial operations are expected to start thereafter. The start of the 5 million tonne per annum LNG import terminal is crucial to Prime Minister Narendra Modi's plan to boost natural gas use in the country's energy mix to 15 per cent by 2030 from current 6.3 per cent. Dhamra is the only LNG import terminal in eastern India and only second on the entire east coast. The ..

Adani Ports and SEZ Ltd completes acquisition of Karaikkal Port

The National Company Law Tribunal approved the plan for the Adani Group subsidiary to pay 14.85 billion rupees ($181 million) to financial creditors, the company said in a statement Saturday

Six Adani Group stocks locked in 5% lower circuit; ACC hits 52-week low

The slide in the stocks resumed after a report by The Ken claimed that the Adani group has not completely repaid its loans taken against the promoters' shares

Fitch Ratings affirms Adani Ports rating at 'BBB-'; outlook stable

Hindenburg report allegations have limited near term impact

Vinod Adani part of promoter group of various listed firms: Adani Group

This comes after questions were raised about his status following short-seller Hindenburg Research naming him prominently in its January report

Adani's investor Elara also a co-owner with conglomerate in ADTPL: Report

Elara holds a 1.6 per cent stake in Adani Enterprises, 3.62 per cent in Adani Transmission and 1.62 per cent in Adani Total

Motilal Oswal sees 17% upside potential for top-100 stocks by market-cap

Adani Ports, Hindalco among stocks with 100 per cent 'Buy' rating by analysts.

Adani Enterprises, ACC: Time to sell Adani group stocks after a sharp run?

Analyst recommends investors should wait for some constructive growth direction before venturing into the Group stocks.

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 shares gain up to 5% after Group repays Rs 7,374 cr share-backed loan

So far in the last two months, the Adani Group now have prepaid share-backed financing up to $2,016 mn as part of the promoters' commitment to cut overall leverage.

Icra downgrades outlook on Adani Ports, Adani Total to 'negative'

Affirms ratings on long-term loans of both firms

Adani Group shares rally up to 10% as GQG Partners buy Rs 15,446 cr stake

The promoters plan to use the proceeds to retire debt and for other purposes.

Adani Ports to prepay Rs 1,000 cr on commercial papers due in March

"This part prepayment is from the existing cash balance and funds generated from the business operations," the spokesperson said in an email response

Adani Power hits fourth 5% upper circuit; No respite for Adani Green

Adani Power was locked at the 5 per cent upper limit, and has rallied 21 per cent in last four days. Adani Green hit 5 per cent lower circuit, and has shed 70 per cent since the Hindenburg allegation.

Adani Ports to prepay Rs 1,000 cr in commercial papers maturing in March

Aditya Birla Sun Life Mutual Fund has also received the payment, A. Balasubramanian, managing director and chief executive, confirmed in an emailed response

Stocks to Watch: Asian Paints, Adani Green, JK Tyre, Tata Motors, GR Infra

Stocks to Watch: Adani Green Energy (AGEL) has decided to review its capital expenditure (capex) plan of Rs 10,000 crore for financial year 2023-24 (FY24)

Adani rout creates a dent in Quant MF portfolios as key holdings shed 24%

At the end of January, Quant MF had close to Rs 950 crore investment in Adani Ports and Ambuja Cement

Kerala govt to raise Rs 400 cr for Adani Ports as part of Vizhinjam pact

Kerala will have to provide Adani Ports Rs 400 crore when 30 per cent of the breakwater is completed and they have been knocking on the doors of the government for a while

NSE removes Adani Ports, Ambuja Cements from surveillance framework

Shares of eight of the 10 group firms closed in the red, while two companies settled in the green territory on Friday