Adani Ports will raise ₹6,000 crore via non-convertible debentures for capex, debt refinancing and corporate use as it targets 1 billion tonnes cargo capacity by 2030
Leading port companies plan capex, acquisitions to expand in the sector
Shares of Adani Group can rally up to 20% from present levels, as key stocks - Adani Ports, Adani Green and Adani Total Gas crossed their key moving averages after a long-gap, technical charts show.
Adani Ports and Special Economic Zone (APSEZ) managing director Karan Adani has said that India's biggest private port operator is focusing on scaling up its marine, logistics and agri-logistics businesses. In an interview with PTI, Adani said that APSEZ, the flagship company of the Adani group, will invest Rs 13,000 crore in Vizhinjam International Seaport in phase 2, which will take this deep-water port's cargo handling capacity from current 1.2 million TEUs (twenty-foot equivalent units) to almost 5 million TEUs by 2028. Prime Minister Narendra Modi on May 2 commissioned the Vizhinjam International Seaport which was completed at an estimated cost of Rs 8,867 crore. "Within APSEZ, we have three big verticals that we are building on -- marine business, logistics business and agri-logistics business," he said. While pointing out that APSEZ is the the largest operator in the country in marine business, Adani said, "the idea now is to keep scaling that (marine business) business up .
Port to bring back 75% of India's transshipment cargo from foreign shores
Karan Adani says US-China tariff war is boosting India's container trade, APSEZ to invest Rs 12,000 crore in FY26 and targets Vizhinjam port completion by 2028
The Vizhinjam transshipment terminal, which began operations in July and has handled about 250 container ships so far, is forecast to attract about Rs 9,500 crore ($1.1 billion)
Private ports handled 739 million metric tonnes (mmt) of cargo in the previous financial year, according to data released by the Ministry of Ports, Shipping and Waterways
The company posted a profit of ₹3,014.22 crore for the quarter under review, beating the Bloomberg analysts' estimate of ₹2,662.1 crore
Adani Ports had clocked a profit of Rs 2,040 crore in the year-ago period
Adani Ports and SEZ Ltd, India's biggest private port operator, announced on Thursday a USD 2.4 billion non-cash acquisition of a coal export terminal in Australia from a group company to strengthen its presence in the Asia-Pacific region. The Board of APSEZ "approved the acquisition of Abbot Point Port Holdings Pte Ltd (APPH), Singapore, from Carmichael Rail and Port Singapore Holdings Pte Ltd, Singapore (CRPSHPL)", the company said in a statement. CRPSHPL is a related party. APPH owns the entities which own and operate the North Queensland Export Terminal, a dedicated export terminal with a current nameplate capacity of 50 million tonnes per annum (MTPA). The terminal is located at the Port of Abbot Point, approximately 25 km north of Bowen in North Queensland on Australia's east coast. APSEZ had originally, in 2011, acquired the North Queensland Export Terminal (NQXT) at Abbott Point for USD 2 billion. Two years later, in 2013, the Adani family purchased the asset from APSEZ for
MSC Turkiye is run by the Mediterranean Shipping Company (MSC) and is considered a modern engineering wonder
The CWIT project represents an investment of $800 million and features a 1,400-metre quay length and 20-metre depth
On Friday, Fitch Ratings affirmed Adani Energy Solutions Limited's (AESL) Long-Term Foreign- and Local-Currency Issuer Default Ratings (IDRs) at 'BBB-'
The YoY cargo growth of 3.6 per cent in Q3 FY25 was offset by coal cargo handled by the company
Adani Ports Q3 results: Consolidates revenue from operations stood at Rs 7,963.55 crore for the quarter that ended on December 31
Adani group stocks have tumbled up to 47% since the start of December quarter. In case of a pullback Adani Green, Adani Ports and Adani Power can potentially rally up to 32%, show tech charts.
AEL will use the proceeds from the sale to turbocharger its investments in the core infrastructure platforms in energy & utility, transport & logistics and other adjacency in primary industry.
Delivery of these boats will start from December 2026, and will continue till May 2028, the company said
Cochin Shipyard share price: The surge in Cochin Shipyard shares came after Adani Ports said it has placed the "largest" order of Tugs worth Rs 450 crore