Page 9 - Adani Ports

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

Adani has been given Indian ports, airports by PM Modi, says Rahul Gandhi

Congress leader Rahul Gandhi on Tuesday said that the moment we talk about Adani, intelligence agencies such as the ED and the CBI start approaching us

Adani Ports and SEZ incorporates wholly-owned aircraft leasing unit

Adani Ports and Special Economic Zone Ltd (APSEZL) on Monday said it has incorporated a wholly-owned aircraft leasing unit, Udanvat Leasing IFSC Ltd. The entity will have an authorised and paid-up share capital of Rs 2.5 crore. Udanvat has been incorporated with the objective to carry out business activity of owning and leasing of aircraft, the compay said in a regulatory filing. APSEZL has incorporated a wholly-owned subsidiary company "Udanvat Leasing IFSC Ltd" on October 23, 2023, the company said in the filing. It also said Udanvat Leasing IFSC Ltd has been incorporated with an authorised and paid-up share capital of Rs 2,50,00,000 divided into 25,00,000 equity shares of Rs 10 each. Last month, Tata Group-owned Air India had also announced setting up an aircraft leasing unit at IFSC (International Financial Services Centre) Gift City while budget carrier IndiGo also plans to establish a shop at IFSC Gift City. Aircraft leasing firms that commence operations from the IFSC in .

Political stability must for investment in ports overseas: Karan Adani

Karan Adani, chief executive officer (CEO), Adani Ports & SEZ, and chairman of ACC, talked about the future plans for ports, airports and cement businesses in an interaction with Dev Chatterjee

Adani's new mega port at Vizhinjam can lure world's biggest ships to India

Located near the southernmost tip of the country, the Vizhinjam transshipment container port will allow India to grab a bigger slice of the international maritime trade currently dominated by China

Adani Ports sees more offers worth $213 mn at dollar bond buyback

The outstanding for this bond stands at $520 million, according to data from LSEG

Stocks to Watch: Dr Reddy's, Mazagon Dock, Adani Ports, Concor, Inox Green

Stocks to Watch on October 10, 2023: CLSA said that the war presented an even better buying opportunity in Adani Ports

Israel-Hamas conflict: Rising energy costs likely to weigh on India Inc

An Adani Ports & SEZ statement said the company is closely monitoring the situation at its port, which is situated in the North - far away from the conflict zone

Israel-Hamas conflict: Cloud over India-Middle East corridor project

The project was also believed to be one of the icebreakers in the relationship between the Kingdom of Saudi Arabia and Israel

Adani Ports stock drops 4.5% on Haifa port worries over Israel conflict

Adani Ports is closely monitoring the conflict in Israel and is prepared with a business continuity plan, the company said in a statement

Measures in place to ensure safety of employees at Haifa port: APSEZ

Adani Port and Special Economic Zone (APSEZ) on Monday said the company has taken measures to ensure safety of its employees in Israeli port of Haifa and all of them are safe. Israel witnessed an unprecedented multi-front attack by air, land and sea by Hamas, which rules the Gaza Strip, in its southern parts on Saturday morning. APSEZ in a statement said that the company remains fully alert and prepared with a business continuity plan that will enable it to respond effectively to any eventuality. "We are closely monitoring the action on ground which is concentrated in south Israel, whereas Haifa port is situated in the north. "We have taken measures to ensure safety of our employees and all of them are safe," spokesperson of Adani Ports and SEZ Limited said. Earlier this year, the Adani Group acquired the strategic Israeli port of Haifa for USD 1.2 billion. "At a time like this, our thoughts continue to be with the people of Israel," the statement said. According to the statem

Adani Ports & SEZ total cargo volumes rise 26% YoY to 32.8 MMT in September

APSEZ said that growth was recorded across all cargo segments, including containers (20 per cent), dry bulk (32 per cent), and liquid & gas (21 per cent)

Stocks to Watch today, Sep 28: Adani Ports, Apollo Hosp, NBCC, Zee, KEC

Stocks to watch on Thursday, September 28 2023: Telecom stocks too may see some action after Trai data for July showed considerable new subscriber additions for Jio and Airtel; and loss of market shar

Adani Ports offers to buy back $195 mn of its 2024 dollar bond at discount

The company, part of the conglomerate backed by billionaire Gautam Adani, said it would fund the purchase from its cash reserves, according to a statement on Wednesday

Adani Group shares rally up to 10%; Adani Power zooms 200% from 52-week low

Adani Ports, NDTV, Adani Enterprises, Adani Energy Solutions, Adani Total Gas, Adani Wilmar, Ambuja Cements and ACC were up in the range of 2 per cent to 10 per cent on the BSE.

CHATROOM: DGFT should review circular on sale of IPA from SEZ to DTA

Section 4(1) of the Competition Act, 2002 says that no enterprise or group shall abuse its dominant position