Stocks to watch on July 10: Emcure Pharmaceuticals' shares are scheduled to make their debut on the stock exchanges on Wednesday
Adani Ports and Special Economic Zone Ltd (APSEZ) handled its highest-ever monthly cargo volume of 420 MMT in April 2024
Kerala Port Minister V N Vasavan on Tuesday said Adani Ports has been given an extension to complete the dredging activities in the navigation channel of nearby Muthalappozhi harbour, which has been witnessing frequent boat accidents and deaths for some years. While giving a reply during the question hour, the minister said the government had entered into an agreement with the Adani Ports in this regard in 2018, and the contract expired on June 11 this year. However, the company was given an extension to complete the work as it was delayed, he said. When legislator Saneesh Kumar Joseph (Congress) asked whether the government would be ready to take action against the port authorities for failing to fulfill its assurance, the minister, who spoke on behalf of Fisheries Minister Saji Cheriyan in his absence, didn't give a clear reply. "It is true that the contract period with Adani Ports was over. So, the port representatives and respective ministers held discussions and gave extension
Adani group shares such as Adani Enterprises, Ambuja Cements, Adani Power and ACC seem favourably placed on the charts, and can potentially rally up to 22 per cent from current levels.
Adani Ports & Special Economic Zone Ltd.'s market capitalisation has climbed to about $37 billion
On the previous day, US markets settled higher, with Nasdaq and S&P 500 reaching record highs
The environmental and coastal regulation zone approvals from the Centre will allow the company to more than double capacity of its flagship Mundra port to 514 million tonnes
Company sets target to achieve 140 MTPA capacity by 2028, aided by greenfield expansions
The uptick in share price came after the company announced that it has secured a Letter of Intent (LoI) for operation and maintenance of container terminal at Kolkata Port
Stocks to watch on June 03: Coal India reported a 7.5 per cent increase in coal production for May, reaching 64.4 million tonnes year-on-year
Adani Power hit a record high of Rs 791.95, as it zoomed 13 % in intra-day trades as India's foremost private power producer, is very well placed to benefit from the long-term power demand outlook.
The concession agreement for 30 years has been signed with the Tanzania Ports Authority
Adani Ports and Special Economic Zone on Friday said its wholly owned subsidiary Adani International Ports Holdings Pte Ltd (AIPH) has signed a 30-year concession agreement with the Tanzania Ports Authority to operate and manage Container Terminal 2 at the Dar es Salaam Port in Tanzania. The Dar es Salaam Port is a gateway port with a well-connected network of roadways and railways, Adani Ports and Special Economic Zone (APSEZ) said in a statement. East Africa Gateway Ltd (EAGL) has been incorporated as a joint venture of AIPH, AD Ports Group, and East Harbour Terminals Ltd (EHTL), the statement added. APSEZ will be the controlling shareholder and will consolidate EAGL on its books, it said. According to the statement, Container Terminal 2, with four berths, has an annual cargo handling capacity of 1 million twenty-foot equivalent units (TEUs) and managed 0.82 million TEUs of containers in 2023 -- about 83 per cent of Tanzania's total container volumes.
MSC Anna, a container ship's arrival at Mundra Port on May 26, marked a significant milestone for both the port and India’s maritime industry. Watch the video to find out why.
Adani Ports and Special Economic Zone Ltd (APSEZ) on Sunday said its flagship Mundra Port has created yet another record by welcoming the largest container ship to call at an Indian port. The vessel, MSC Anna, docked on May 26 at Mundra Port. MSC Anna is a huge vessel with an overall length of 399.98 m (roughly the length of four football fields) and a staggering capacity of 19,200 TEUs (twenty-foot equivalent units), which makes it the largest container ship by capacity to ever visit an Indian port, APSEZ said in a statement. Its arrival draft is 16.3 m, which can be accommodated only at Adani Ports, Mundra, as no other port in India is capable of berthing a deep-draft vessel, it added. In July 2023, Adani Ports, Mundra created a record by berthing MV MSC Hamburg, one of the longest container ships in the world, with overall length of 399 m and capacity of 16,652 TEUS. Further, the statement said its container terminal CT-3 reached a significant milestone by becoming the first in
Analysts said Adani Ports could be assigned a weightage of 1.2 per cent in the Sensex
Adani Ports holds a 65.89% stake in the company, mutual funds owns 3.1% stake, while India's largest insurance company, LIC, holds a 7.86% stake
Adani Ports aims to increase cargo traffic in the Middle East, Southeast Asia, Africa, and the Mediterranean through strategic acquisitions and partnerships over the next 3-5 years
Norges had cited Adani's investment in a port in Myanmar for its decision
At 6:51 AM, GIFT Nifty futures showed a rise of 26 points, trading at 22,478 levels, signaling a subdued start for the stock exchanges