Page 25 - Adani Ports

Adani Port rally: A good time for investors to cash in

With a year-to-date gain of nearly 33 per cent, Adani Ports' stock has convincingly entered the list of large-cap winners in 2017. Many factors have led to this rally, the most significant one being the closure of inter-corporate loans and advances. While announcing the September 2016 quarter's results, the management promised its investors that loans extended to group companies, worth Rs 3,500 crore, would be fully repaid by the end of the financial year (end-March). The announcement on April 4 showed this had been done. Analysts view this development very positively, as a demonstration of the management's commitment. Group stocks such as Adani Enterprise, Adani Power and Adani Transmission also recently touched their 52-week highs, as a ripple effect of closure on inter-corporate borrowings. Also interesting is that Adani Ports' stock price movement mirrors the 30 per cent year-to-date increase in the Baltic Dry Index, the global measure of change in the cost to ship various raw ...

Adani Ports Q3 net profit jumps 26% to Rs 850 cr

Company said it handled 41 mt cargo during the quarter, up 8% from corresponding quarter last year

Adani Ports to develop 3rd phase of Mundra Port for Rs 6,000cr

It is touted as one of the top multi-purpose ports in the country in terms of traffic

Adani Ports to raise $500 mn via foreign currency bonds

Earlier this week, APSEZ had said it is contemplating issuing foreign currency denominated bonds

Adani Ports: Sailing beyond Mundra

Capex on newly acquired ports & expansion on eastern coastline strengthen its strategy

Ports, shipping shares gain as Cabinet approves bill to empower major ports

Adani Ports, Gujarat Pipavav, SCI, GE Shipping, Allcargo Logistics and Essar Shipping were up 2% to 10% on BSE

Adani Ports to deleverage further: Fitch Ratings

APSEZ is looking to deleverage further on the back of higher income, loan recoveries and capital expenditure

Adani Ports' standalone net profit dips by 13.48% in Q2FY17

The company's net income for the same period has declined by 16.52 per cent to Rs 1,301.87 crore as against Rs 1,559.67 crore

Adani Ports soars as Q2 profit beats forecast

The stock surged 9% to Rs 312 after the company reported 61% YoY jump in profit at Rs 1,091 crore in Q2FY17.

Adani Ports surges on heavy volumes

The stock up 5% to Rs 286 after the company announced a fund raising plan by issuing NCDs on private placement basis.

Adani Ports gains as RBI raises FII limit to 49%

The stock moved higher by 4% to Rs 267 on the NSE.

Adani Ports inks pact to acquire Australia's APB

Under the agreement, APO will acquire 100% of shares in APB from Glencore Coal Queensland Pty Limited upon receiving certain approvals

New strategy clicks for Adani Ports

Sustained volume growth, incremental gains from new ports and plans to reduce inter-corporate loans to keep stock momentum going

Adani Ports extends rally post strong Q1 earnings

In past one-week the stock gained 13% as compared to a marginal 0.3% rise in the S&P BSE Sensex.

APSEZ's consolidated Q1 net up 31% at Rs 836 cr

Company's total income up 11.28% at Rs 2,084 cr; consolidated cargo volumes rise by 7% y-o-y

Adani Ports to complete terminal expansion at Mundra next year

Strategy is part of Adani Group's plans to develop a world-class portfolio of ports and allied logistics facilities

Adani Ports raises Rs 252 crore via NCDs

Adani Ports and Special Economic Zone (APSEZ) on Tuesday said it has raised Rs 252 crore through issuance of non-convertible debentures (NCDs) on a private placement basis.

Govt cancels Rs 200-crore green fine on Adani

Adani Ports & SEZ was ordered to pay for damage to environment during the UPA govt

Moody's lowers outlook on Adani Ports to negative

Negative outlook reflects company's lower volume growth mainly due to lower coal volumes and an increase in capital expenditure and financial leverage, when compared to previous expectations, says rat

Adani Ports: High debt remains a key concern

The surge in advances and debt are bigger worries, apart from flat volume growth