Page 2 - Apsez

APSEZ Q4 results: Consolidated net profit rises 2.63% to Rs 1,140.97 cr

Adani Ports and Special Economic Zone Limited (APSEZ) on Tuesday reported a 2.63 per cent rise in consolidated net profit to Rs 1,140.97 crore for the fourth quarter ended March 2023. The country's largest integrated logistics player had clocked a consolidated net profit of Rs 1,111.63 crore in the corresponding period of the previous fiscal, the company said in a BSE filing. Its consolidated total income increased to Rs 6,179.12 crore for the fourth quarter of the last fiscal against Rs 4,739.08 crore in the year-ago period. The total expenses also rose to Rs 3,993.62 crore in the quarter under review from Rs 3,497.49 crore a year ago.

Adani's Mundra port cargo adds Rs 80,732 crore to Customs' coffers

As per company officials, with the rising traffic at the port, the customs department is targeting to earn Rs 1.15 trillion by the end of the ongoing financial year

Adani Ports completes sale of Myanmar Port at discounted price of $30 mn

Exit in line with guidance of risk committee, says CEO

APSEZ cargo handling rises 13% in April YoY, credits improved infra

Four ports recorded significant sequential growth in monthly volumes, says company

APSEZ cargo handling up 9% in FY23, customs receipts rise 96% in 2 yrs

India's largest transport utility will spend Rs 850 cr over time to upgrade port infrastructure

APSEZ board to consider partial buyback of debt securities on Saturday

Billionaire Gautam Adani's Adani Ports and Special Economic Zone Limited (APSEZ) on Wednesday said its board will meet on Saturday to consider first and a partial buyback of certain of its debt securities, either denominated in rupee or US dollar in the current financial year. "... a meeting of the Board of Directors of Adani Ports and Special Economic Zone Limited is scheduled on Saturday, April 22, 2023, to consider first and a partial buyback of certain of its debt securities, either denominated in INR or USD, in this financial year, subject to market conditions," the company said in a BSE filing. Adani group has been under pressure after the US short-seller Hindenburg Research on January 24 accused it of accounting fraud and stock manipulation, allegations that the conglomerate has denied as "malicious" and "baseless". Earlier this month, APSEZ had reported a 9 per cent growth in cargo handling at seaports it operates for the fiscal ended March 31. At 339 million tonne, this is

Adani Ports closes FY23 with 9% higher cargo at 339 million metric tonnes

Container rakes handled by the logistics arm of the company crossed 500,000 TEUs in the previous fiscal, showing a growth of 24 per cent

Adani Group sells Rs 15,446-cr stake to US equity boutique GQG Partners

"The investment has made GQG a key investor in the development and growth of critical Indian infrastructure," it said

Adani Ports & SEZ repays Rs 1,500-crore SBI MF loan in comback strategy

Adani group's gross debt stood at Rs 2.26 lakh crore as of September 2022 and had cash of Rs 31,646 crore

Moody's maintains ratings of 8 Adani cos, changes outlook on 4 to negative

Affirmation of APSEZ's issuer ratings considers the company's strong market position as the largest port developer and operator in India by cargo volume and its strong liquidity and financial profile

APSEZ Q3 net profit declines 12.94% to Rs 1,336 crore, total expenses rise

The country's largest integrated logistics player had clocked a consolidated profit of Rs 1,535.28 crore a year ago, according to a regulatory filing

APSEZ forms JV with Gadot Chemical Terminals in Israel to buy Haifa Port

Adani Ports and Special Economic Zone (APSEZ) on Monday announced the setting up of a joint venture company with Gadot Chemical Terminals Ltd in Israel. "The company has incorporated a joint venture company with Gadot Chemical Terminals (1985) Ltd in Israel namely 'Mediterranean International Ports A.D.G.D Ltd' on November 13, 2022," APSEZ said in a BSE filing. It said Mediterranean has been incorporated as a joint venture company with Gadot Chemical Terminals (1985) Ltd for the acquisition of Haifa Port Company which currently operates Haifa Port in Israel. Adani Ports and Special Economic Zones, the flagship transportation arm of the diversified Adani group, is India's largest private ports and logistics company.

Adani Ports acquires 49.38% stake in Indian Oiltanking for Rs 1,050 crore

Adani Ports and Special Economic Zone Ltd (APSEZ) on Wednesday said that it has acquired 49.38 per cent stake in Indian Oiltanking Ltd -- developer and operator of liquid storage facilities -- for Rs 1,050 crore. APSEZ in a statement said this agreement also includes acquisition of an additional 10 per cent equity stake in IOT Utkal Energy Services Ltd, a 71.57 per cent subsidiary of IOTL (Indiain Oiltanking Ltd). "APSEZ has entered into a definitive agreement for the acquisition of Oiltanking India GmbH's 49.38 per cent equity stake in Indian Oiltanking Ltd, which is one of India's largest developer and operator of liquid storage facilities," it said. According to the statement, the acquisition is well aligned with APSEZ's strategy of becoming the largest transport utility. The statement said over the last 26 years, IOTL has built a network of six terminals across five states with a total capacity of 2.4 Mn KL (owned capacity of 0.5 Mn KL and BOOT capacity of 1.9 Mn KL) for stora

Adani Ports receives NCLT approval to acquire 58.1% in Gangavaram Port

Deal to be a share swap, with issuance of 47.7 million APSEZ shares to the erstwhile GPL promoters; post-transaction, GPL will become a fully-owned subsidiary of APSEZ

Adani Ports, Vedanta group co-bidders for Puducherry's Karaikal port

The Karaikal Port defaulted on Rs 2,960 crore loans and was taken up for insolvency proceedings in April this year by the Chennai bench of NCLT

Adani Ports incorporates arm for trading in aviation-related fuels

Adani Ports and Special Economic Zone (APSEZ) on Thursday said it has incorporated a wholly-owned subsidiary Adani Aviation Fuels Limited (AAFL) to carry on the business of sourcing, transporting, supplying and trading of aviation related fuels. APSEZ in BSE filing said that AAFL will commenceits business operations in due course. "APSEZ incorporated a WOS namely, Adani Aviation FuelsLimited on 29th September, 2022 with an initial authorized share capital of Rs 5,00,000 and paid-up share capital of Rs 5,00,000 each to, interalia, carry onbusiness of sourcing, transporting, supplying & trading of Aviation related fuels,constructing, developing, managing, maintaining, building, equip, hiring of infrastructure related to the business within and outside India," it said.

West Bengal govt nod to Adani's Tajpur greenfield port development

APSEZ had emerged as the H1 bidder earlier this year, but the state government had not declared it

Adani Ports signs agreement with SPMK to enhance Haldia Dock's capacity

SMPK said in a statement that the project would help increase the cargo handling capacity and also fast evacuation of cargo at Haldia Port

Ports ministry to recast Mormugao monetisation tender to attract more bids

The project is part of the national monetisation pipeline, which is expected to yield Rs 6 trillion by 2024-25

Shipping Ministry looks to make govt ports competitive against pvt peers

Minister asks for plan to build mega ports by 2047, develop new technologies