Page 8 - Adani Ports

This Adani Group stock has zoomed 40% in 5 weeks, hit new high today

The company said it is, now, targeting over 400 MMT of cargo volumes in FY24, surpassing the upper end of the guidance range (370-390 MMT) provided at the start of the current financial year

Stocks to Watch today, Jan 4: Adani Ports, NTPC, LIC, IT, Vedanta, OIL, IEX

Stocks to Watch on Thursday, January 4, 2024: The board of directors of Adani Ports and Special Economic Zone Limited (APSEZ) has approved raising funds up to Rs 5,000 crore

Adani Ports to raise up to $601 million funds by selling debentures

Billionaire Gautam Adani was re-designated as executive director from managing director and his son Karan Adani was re-designated as managing director from CEO, the company added

ICRA assigns AA+ rating to Adani Ports on strong business profile

While ICRA said its rating factors in the company's strong business profile, India Ratings said it continues to take a consolidated view of the company and its subsidiaries

Stocks to Watch: Adani Group, TaMo, SJVN, Power Grid, Axis Bank, Zee Learn

Stocks to watch on Wednesday, December 27, 2023: Shares of Adani Group and three debutants' namely Happy Forgings, Mufti Menswear and RBI Jewellers likely to be in focus today.

Centre plans national ranking of all ports amid rapid rise of private ports

The ministry of ports, shipping and waterways has communicated to all port authorities its intent of setting up this database. It has sought various datasets for these rankings, officials said

MSC arm acquires 49% in Adani Ennore Container Terminal for Rs 247 cr

After the completion of the transaction, APSEZ would hold a 51 per cent stake in AECTPL

Adani Ports plans to issue $120 million rupee bond sale, first since 2021

Flagship Adani Enterprises Ltd. became the first of Indian billionaire Gautam Adani's firms to sell local-currency bonds, since being targeted by US short seller Hindenburg Research in January

Adani Ports in talks for acquisition of SP Group's Gopalpur Ports in Odisha

Adani Ports & Special Economic Zone is pursuing a potential Rs 1,100-1,200 crore acquisition of Gopalpur Ports from Shapoorji Pallonji Group, which would bolster its presence along the eastern coast

Adani Ports board to meet on December 12, to consider raising funds

Adani Ports and Special Economic Zone on Wednesday said its board will meet on December 12 to consider a proposal to raise funds through the issue of non-convertible debentures or issue or renew preference shares on a private placement or preferential basis. In November, the Gautam Adani-owned company recorded strong cargo volumes of around 36 MMT (million metric ton) -- a robust 42 per cent on-year increase. "...we would like to inform you that the meeting of the board of directors of the company will be held on Tuesday, December 12 to consider the proposal for (i) issuance of non-convertible debentures and (ii) issuance/renewal of non-cumulative redeemable preference shares, on private placement basis/preferential basis, in one or more tranches," the company said in a regulatory filing.

This Adani group stock has nearly doubled investor wealth in 8 days

Shares of Adani Total Gas zoomed 20 per cent to Rs 1,053.80 in intraday trade today on the back of heavy volumes

Adani group adds Rs 73,000 crore in mcap as investors lap up shares

Power-to-port conglomerate's mcap nears Rs 12 trillion

Adani group shares rally; Adani Green, Enterprises, Power surge up to 15%

Last week, the Supreme Court reserved its judgement on the charges made by the Hindenburg report

Tajpur port project: Adani awaits LoA, Bengal seeks clarity on MHA nod

West Bengal Industry Minister, Shashi Panja, said that there was a provisional letter of intent (LoI), which was given to APSEZ (Adani Ports and Special Economic Zone) last year

CWIT first phase likely to be operational by Dec 2024: Karan Adani

The first phase of Colombo West International Terminal (CWIT) is likely to be operational by December 2024, Adani Ports and Special Economic Zone (APSEZ) Whole Time Director and CEO Karan Adani has said. The US International Development Finance Corporation (DFC) will provide USD 553 million in financing to Colombo West International Terminal Pvt Ltd a consortium of India's largest port operator Adani Ports and SEZ Ltd, Sri Lanka's leading enterprise John Keells Holdings (JKH) and the Sri Lanka Ports Authority. "So, on the Colombo port, we expect commissioning and operationalizing of Phase 1 by December of 2024. Now, we have already given our...capex guidance," Adani said in a conference call. DFC is the US government's development finance institution. "As you know, in Colombo port, we have a JV partner as well, where we have 51 per cent and 49 per cent shared by the other two partners, SLPA and John Keells. So, they bring in their respective equity into that project as well," he .

With US funding in pocket, Adani plans expansion of overseas port empire

The announcement marked a welcome reprieve for India's Adani Group following a damaging short-seller attack and a number of corporate fraud allegations leveled against it this year

Adani Ports and SEZ profit rises 4.2% to Rs 1,748 crore in Q2FY24

Net sales of the port operator and logistics company rose by 27.6 per cent Y-o-Y to Rs 6,646 crore. This was a 6.4 per cent increase quarter-on-quarter (Q-o-Q)

Adani Ports Q2 result: Consolidated profit at Rs 1,761 cr; revenue up 27%

The company's revenue from operations was up 27.55 per cent to Rs 6,646.41 crore during the quarter under review against Rs 5,210.80 crore last year

US invests $553 mn in Adani's Sri Lanka port to curb China's influence

The financing from International Development Finance Corp. for the deepwater West Container Terminal in Colombo is the US government agency's largest infrastructure investment in Asia

Adani Ports & SEZ total cargo volumes rise 48% Y-o-Y to 37 MMT in October

The total cargo volume of the company's ports in India touched 36 MMT, recording a 43 per cent Y-o-Y growth