Page 4 - Adani Ports

Adani Ports to acquire Australian terminal in $2.4 bn non-cash deal

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, world's largest green container ship, docks at Vizhinjam Port

MSC Turkiye is run by the Mediterranean Shipping Company (MSC) and is considered a modern engineering wonder

Adani Ports begins operations at Colombo West International Terminal

The CWIT project represents an investment of $800 million and features a 1,400-metre quay length and 20-metre depth

Adani Grp stocks rally: Power, Ports, Enterprises jump up to 6% on March 10

On Friday, Fitch Ratings affirmed Adani Energy Solutions Limited's (AESL) Long-Term Foreign- and Local-Currency Issuer Default Ratings (IDRs) at 'BBB-'

Adani Ports Q3: Profit rises 14% amid moderation in cargo volume growth

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: Net profit rises 14% to Rs 2,520 cr, revenue up 15%

Adani Ports Q3 results: Consolidates revenue from operations stood at Rs 7,963.55 crore for the quarter that ended on December 31

Adani Enterprises tests 9-yr trend line support; tech view on group stocks

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.

Adani Ent to exit Adani Wilmar JV; Group shares rally up to 15% in weak mkt

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.

APSEZ places order with Cochin Shipyard for 8 tugs in Rs 450 cr deal

Delivery of these boats will start from December 2026, and will continue till May 2028, the company said

Cochin Shipyard freezes at 5% upper circuit on order boost from Adani Ports

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

Stocks to Watch, Dec 11: RIL, Adani Ports, Awfis Space, Maruti Suzuki, IOB

Stocks to Watch, Dec 11: From RIL to Awis Space Solutions, here is a list of stocks that will be in the spotlight today

Will use own resources: Adani opts out of US funding for Colombo project

Billionaire Gautam Adani-led conglomerate on Tuesday said it will use its own resources to fund a Sri Lankan port project and not seek US funding. In an exchange filing late on Tuesday, Adani Ports and SEZ Ltd said the project "is on track for commissioning by early next year" and added that the company will fund the ongoing project through "internal accruals", aligning with its capital management strategy. The company said it has withdrawn its 2023 "request for financing from the US International Development Finance Corporation (DFC)". The US International Development Finance Corp, in November last year, agreed to provide a USD 553 million loan to support the development, construction, and operation of a deep-water container terminal called the Colombo West International Terminal (CWIT) at the Port of Colombo in Sri Lanka. The CWIT is being developed by a consortium of Adani Ports, Sri Lankan conglomerate John Keells Holdings Plc, and the Sri Lanka Ports Authority (SLPA). DFC ...

Stocks to Watch on Dec 10: Vi, Metropolis, MapmyIndia, TaMo, LIC, PFC

Stocks to Watch on Dec 10: From Vodafone Idea (Vi) to Tata Motors, here is a list of stocks that will remain in limelight today

Govt allows Adani Krishnapatnam Port to import petroleum up to March 2026

The Centre has allowed Adani Krishnapatnam Port in Andhra Pradesh to import petroleum into India up to March 1, 2026, according to an official notification. The port has been allowed to import petroleum by sea from August 28, 2024, till March 1, 2026, in public interest, according to the notification by the Ministry of Ports, Shipping and Waterways. Owned and operated by Adani Ports and Special Economic Zone Limited (APSEZ), Adani Krishnapatnam Port Ltd is an all-weather deep water port located on the East Coast of India in Andhra Pradesh. Adani Ports & SEZ shares were trading higher by 0.56 per cent at Rs 1,267.30 on BSE in the pre-close session.

Govt nod to Adani Krishnapatnam Port for petro import in 'public interest'

The notification to allow continued petroleum imports at Krishnapatnam Port had a positive impact on the shares of Adani Ports, which gained over 1 per cent intraday on the Bombay Stock Exchange

Group to invest over Rs 7.5 trillion in Rajasthan, says Karan Adani

As part of its investments, it plans to set up four new cement plants to build additional capacity of 6 million tonnes per annum

We will not disturb Adani port at Vizhinjam: Kerala industries minister

Says Kerala does not see labour unrest unlike many other states

JP Morgan gives 'overweight' rating to 4 Adani bonds on growth capability

US investment banker JP Morgan has given 'overweight' rating on four Adani group bonds, comforted by ability to scale and grow using internal cash flows which reduces the scope for credit stress. In a report, JP Morgan gave 'overweight' rating on three bond issues of Adani Ports & SEZ and one by Adani Electricity Mumbai Ltd (a subsidiary of Adani Energy Solutions Ltd). It has taken neutral stand on other five Adani bonds and is underweight on one bond issued by Adani Green Energy Ltd. JP Morgan gives three kinds of ratings for bonds - 'Overweight' rating which falls into a buy rating category; Neutral rating which falls into a hold rating category; and 'Underweight' which rating falls into a sell rating category. Under the risks section, it said that Adani bonds could do well than anticipated if there is a quick resolution of the US SEC and Department of Justice indictments of founder chairman Gautam Adani and key aides on bribery charges, successful refinancing of the upcoming ...

Adani Ports up 6% on healthy volume guidance; Motilal reiterates BUY call

Motilal Oswal Financial Services believes that the company is very well placed to continue to outpace industry growth and gain market share.

Stocks to Watch, Dec 3: Cipla, Axis Bank, Swiggy, TaMo, Adani Ports, SBI

Stocks to Watch, Dec 3: From Adani Group to Cipla here are few stocks that will be eyed today