Page 6 - Adani Ports

Adani group shares in demand; Enterprises, Total Gas, Power rally up 14%

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.

Adani Ports signs 30-year concession pact to operate Tanzania Port Terminal

The concession agreement for 30 years has been signed with the Tanzania Ports Authority

APSEZ signs 30-yr pact to operate terminal at Tanzania's Dar es Salaam Port

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.

All about MSC Anna, world's largest container ship arrived in India

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.

APSEZ creates record of docking largest container ship at Indian port

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

Adani Ports to be included in Sensex from June 24, Wipro to be excluded

Analysts said Adani Ports could be assigned a weightage of 1.2 per cent in the Sensex

Adani Ports' 0.5% stake worth Rs 1,480 crore changes hands, seller unknown

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 Group plans to invest $3 bn for global ports expansion in 3-5 years

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

Adani Ports & SEZ shares stable a day after Norway's Norges Bank exit

Norges had cited Adani's investment in a port in Myanmar for its decision

RIL, Adani Ports, Vi, Biocon, CONCOR among nine stocks to track on May 17

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

World's largest sovereign wealth fund excludes Adani Ports & SEZ

This comes at a time when the group is in the middle of controversies regarding alleged malpractices in corporate governance last year

Norway excludes Adani Ports from govt pension fund over ethical concerns

US defence contractor L3Harris Technologies and China's Weichai Power have also been excluded

RINL seeks Andhra's intervention for supply of coal from Gangavaram Port

Andhra Pradesh-based steel maker RINL has sought the state government's intervention to ensure immediate supply of coking coal stuck at Adani Gangavaram Port. The coking coal supply has been stuck since last month due to agitation of workers at AGPL (Adani Gangavaram Port Limited), which is operated by Adani group company Adani Ports and SEZ (APSEZ). In a letter to Visakhapatnam district collector, RINL CMD Atul Bhatt said the operation of the firm is in a highly critical position due to lack of the most essential raw material coking coal which has been stuck at Gangaravam Port since April 12 this year due to agitation of AGPL workers. "We request district administration and police to provide necessary security so that the transportation of critical materials i.e. coal is shifted by RINL peacefully through its own loaders and dumpers," Bhatt said. A query sent to AGPL did not elicit an immediate response. According to Bhatt, more than 1,000 employees of RINL and trade union leader

In discussion with various parties: Adani Ports on investing in Philippines

Adani Ports issued a clarification on reports stating the company planned to launch a development project in Bataan, Philippines to expand its ports. Here's what they said

Adani Group stocks see little impact of Sebi notices on disclosure norms

Six group firms say they have received notices; legal experts say allegations don't seem to be very serious

Adani Ports Q4FY24 results: Net profit rises 76% to Rs 2,040 crore

Company expects cargo traffic to rise to 500 mmt in 2025

Adani Ports Q4 results: Net Profit jumps 76% to Rs 2,040 cr, revenue up 19%

Adani Ports Q4FY24 results: The board of Adani Ports and Special Economic Zone has recommended a dividend Rs 6 per equity share of Rs 2 each fully paid-up for the financial year 2023-24

Q4 FY24: Adani Ports, Coal India among 49 firms to post results today

Q4 FY24 results: Dabur, Federal Bank, Digicontent, Blue Star, Khemani Distributors, Aptech are expected to release their financial results too

APSEZ becomes India's 1st large-sized pvt infra developer to get AAA rating

Adani Ports and Special Economic Zone (APSEZ) on Wednesday said it has secured an AAA rating by CARE Ratings. With this development, the company has become the first large-sized private infrastructure developer to get this recognition, APSEZ said in a statement. "The rating is largely driven by APSEZ's robust integrated business model, strong industry position, consistent market share growth with healthy profitability, coupled with high liquidity and low leverage," the agency said. In FY24, APSEZ handled a cargo volume of 419.95 MMT, 24 per cent higher than the previous fiscal. APSEZ managing director Karan Adani said, We cherish the recognition to our financial discipline and commitment to deleveraging, diversified asset base as well as customer base and the highest profitability in this sector globally". APSEZ is a part of the globally diversified Adani Group.

APSEZ's Vizhinjam Port gets nod to run as India's first transshipment hub

In December 2015, Adani Ports and Special Economic Zone Limited (APSEZ) initiated the international transshipment project in Vizhinjam, Kerala