Page 24 - Adani Ports

Adani Ports & SEZ plans $650-mn fund mop-up via unsecured notes issuance

The company intends to use the proceeds of the issue of notes, together with cash on hand of the company, to fund the tender offer and to redeem for cash any and all of its senior notes due in 2020

Adani Ports plans to raise Rs 5,195 crore to fund capex, pare debt

Shares of APSEZ were trading 0.92% lower at Rs 411.20 apiece on BSE

Adani becomes 1st Indian port operator to record 200 MT cargo movement

APSEZ, part of Gautam Adani-led Adani Group had recorded 100 MT cargo in 2013-14

Inter-group transactions, debts once again weigh on Adani Ports stock

While the stock trades at 30-35% discount to its historic valuation, inter-corporate transactions and debt remain an overhang

Adani Ports Q3 net up 42% to Rs 1,419 cr on double-digit cargo growth

About the operational highlights during the quarter, the company said its cargo volume grew by 12%

Adani's port projects catch a tailwind

Capacity constraints at Chennai Port and the promise of quick turnaround are drawing the attention of large shipping lines to its newly opened container terminal at Ennore

Adani Ports slips 6% post Q1 results

The stock slipped 6% to Rs 375 on the BSE after the company reported its consolidated net profit at Rs 6.97 billion in June quarter, due to mark to market loss of Rs 3.83 billion during the quarter.

Adani Ports acquires 97% in Marine Infrastructure for Rs 19.50 billion

Also, GMR Infrastructure announced developing through its subsidiary a deep-draft, multi-cargo greenfield port near Kakinada

Adani Ports to acquire 97% stake in Marine Infrastructure for Rs 19.50 bn

The acquisition will strengthen Adani's presence in East Coast and will enable the company to develop container terminal operation to increase market share

Adani Ports signs deal with IOC to offer LNG regasification services

The terminal will be capable of reloading LNG to service proximate markets via the maritime route

Why Adani must refinance $256 mn of its Carmichael loan by November

The project has drawn ire from environmentalists, who say it will endanger the health of the nation's Great Barrier Reef

Adani Ports names Ex-Air Asia chief Mittu Chandilya as CEO, logistics biz

Adani Ports & Special Economic Zone Ltd (APSEZ), the country's larget private port developer, today announced appointment of Mrithyunjay Chandilya as chief executive officer (CEO) its logistics business.Mrithyunjay Chandilya, who has served as the CEO of AirAsia India, comes with global exposure and a strong experience of working in leadership positions in multinational and consulting organizations, said Adani in its release. "We welcome Mrithyunjay Chandilya to the Adani Group. Our country has laid strong emphasis on manufacturing and initiatives such as "Make in India" are boosting domestic production, which in turn is bolstering the logistics industry. Logistics is the backbone of our economy, providing efficient and cost effective flow of goods on which other commercial sectors depend. As a group we aim to build our identity around an integrated logistics business model, we are not going to be known as just a port company but more as a logistics company led by our ports ...

Adani Ports refines strategy as coal imports dip

India's seaborne coal imports dropped in first 7 months of the year by 13.4% to 105.36 mt

Adani Ports in fray to pick up stake in Dredging Corp

Govt is planning to sell 51% stake in the mini-ratna PSU

Why Dredging Corporation deal makes sense for Adani Ports

Deal might be a strategic fit, as Adani now has the largest capital dredging capacity in the country

Adani Ports: Improving balance sheet offers comfort

Reduction in borrowing, expanding share of non-coal products and non-Mundra ports are positives

Fitch rates Adani Ports' proposed USD notes as BBB-(EXP)

APSEZ owns and operates 10 ports across the Indian coastline

Adani Ports, Motherson Sumi, J&K Bank, VA Tech Wabag hit 52-week high

24 stocks from the S&P BSE 500 index hit their respective 52-week highs on BSE.

S&P ups outlook on Adani Ports to stable from negative

Global ratings agency Standard and Poor's (S&P) today revised up the outlook on Adani Ports to 'stable' from 'negative' on expectation of better operating performance and limiting related-party lending. "Our stable outlook reflects our expectation that Adani Ports & SEZ will maintain consistent operating performance and leverage, and limit related-party transactions over the next 12-24 months," the agency said in a note. The agency, however, affirmed its rating on the company at 'BBB-' as it expects the company, which runs the largest private sector operator port in Mundra in Gujarat, will sustain its improved operating performance supported by healthy revenue growth and strong pre-tax margins at 63-65 per cent levels. The company should also commit to maintain the funds from operations to debt ratio at 15-20 per cent, it added. "We also understand that the management is committed to prevent a recurrence of incidences such as a sharp increase in related-party loans in ...

Adani Ports Q4 net profit up 27% to Rs 1,179 crore

Shares of the company ended 2.41% up at Rs 340.05 on BSE