Page 15 - Adani Ports

Adani to build power plants in SL, challenge China in support for Modi

Adani has been accused by some Lankan lawmakers of signing opaque port, energy deals closely tied to India's interests, something his group has always denied, saying investments meet Sri Lanka's needs

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

Adani Ports and Special Economic Zone (APSEZ) said that it has acquired a 49.38 per cent stake in Indian Oiltanking, a developer and operator of liquid storage facilities

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

Stocks to Watch: Tech M, Adani Ports, Hero Moto, Voltas, Eicher Motors, RIL

Stocks to watch today: Tech Mahindra's net profit for Q2 FY23 was down 4 per cent at Rs 1,285 crore due to supply-side pressure; NCC received two new orders worth Rs 1,056 crore in October

Adani Ports SEZ Sept quarter profit jumps 62% as cargo volumes surge

Adani Ports and Special Economic Zone, India's largest private operator of ports, reported a 69% surge in quarterly profit on Tuesday, driven by strong cargo volumes.

Stocks to Watch: HDFC Bank, Electronics Mart, Bajaj Auto, Axis Bank, DMart

Stocks to watch today: Electronics Mart will make its debut on the bourses today. As per IPO Watch, the company could list with a healthy premium of up to 50% over issue price of Rs 59 apiece

SC grants relief to CWC in row with Adani Ports on alleged land takeover

SC also asked the Union government to evolve a mechanism so that its departments don't take different stands before the court. Attorney General R Venkataramani has been requested to examine the issue

S&P Global withdraws rating of Adani Transmission at firm's request

S&P Global Ratings withdrew its rating for Adani Transmission Ltd., ending an assessment of barely investment grade at the company's request

Stocks to watch: Infosys, Mindtree, HCL Tech, Wipro, Adani Ports, PVR, SBI

Stocks to watch today: Infosys, MindTree will report September quarter (Q2FY23) results on Thursday, October 13; HCL Tech saw 7 per cent YoY rise in consolidated net profit to Rs 3,489 crore in Q2FY23

West Bengal govt hands over Letter of Award for Tajpur port to Adani Ports

At the event attended by industrialists and CEOs, Banerjee pointed to the growth in agricultural output and said, "Similarly, we have to take care of industry and investment."

Stocks to watch: TCS, Ashok Leyland, AU SFB, Adani Ports, NMDC, IDBI Bank

Stocks to watch today: TCS reported an 8 per cent rise in consolidated net profit to Rs 10,431 crore in Q2FY23; AU SFB re-appointed R V Verma as its non-executive chairman.

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 Group's stock surge at risk of reversal, technical indicator shows

The stock rallies of Gautam Adani's companies, which expanded his fortune at a pace that outran all other billionaires globally, is set for a reversal, according to a technical indicator

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.

World's second-biggest fortune fails to halt rout in bonds of Adani firms

Stocks of firms in Gautam Adani's business empire -- spanning ports to gas distribution and coal mining -- have jumped in part on soaring energy prices

Adani Ports secures Rs 25,000-cr port project in West Bengal

The state government expects to create 25,000 direct jobs and over 100,000 indirect jobs through this port

Stocks to Watch: IRCTC, McLeod Russel, Sugar, Adani Ports, Gail, Dish TV

Stocks to Watch Today: Oil related shares are likely to be in focus on Tuesday as the oil ministry sought a review of the windfall profit tax on domestically produced crude oil.

Gautam Adani's elder son to oversee newly acquired cement companies

An announcement on Karan's appointment could come as soon as Friday, the people said. A representative for Adani Group declined to comment.

Stocks to Watch: Adani Ports, Tata Power, UPL, SBI, Tata Motors, Patanjali

Stocks to Watch: State Bank of India (SBI) has clarified that it has not been identified as a nodal bank for handling Russia-related rupee transactions