Page 3 - Apsez

Adani Ports buys Ocean Sparkle for Rs 1700 cr through Adani Harbour Svces

Ocean Sparkle is a leading player in towage, pilotage, and dredging with an asset base of 94 own vessels and 13 third-party-owned vessels

Adani Ports and SEZ highest bidder for West Bengal's Tajpur deep-sea port

As per an analyst, 0.25 per cent revenue share is very low and will lead to an adverse impact on the existing Kolkata Port

Adani Ports forays into Bengal maritime sector, to operate berth at Haldia

The Kolkata port authorities on Thursday officially handed over the letter of award to Gautam Adani controlled Adani Ports and Special Economic Zone Limited (APSEZ) for mechanisation and upgradation of a berth in Haldia Dock Complex (HDC). This marks the entry of the country's largest private port operator in West Bengal's maritime sector. Syama Prasad Mookerjee Port (SMP), formerly the Kolkata Port Trust, said in a statement that the project envisages incorporating environment friendly, fully mechanised technology for handling dry bulk cargo. Berth no. 2, where the company will work, will offer a capacity of 3.744 million metric tons per annum and the investment will be about Rs 298.26 crore. The project is expected to commence in the fourth quarter of FY 2024-25. APSEZ outbid city-based Ripley & Co by quoting a royalty of Rs 75 per tonne for the rights to mechanise and run the dry bulk cargo handling berth at HDC. Adani had initially shown interest in privatisation of ...

Adani Ports shares decline over 2% post earnings

Adani Ports and Special Economic Zone on Tuesday reported a 6.20 per cent decline in consolidated profit to Rs 1,478.76 crore for the third quarter ended December 2021

APSEZ cargo handling jumps 35% to 234.3 MT during April-December

Its ports, excluding Mundra, grew 74 per cent and contributed 52 per cent of the total cargo basket, APSEZ said in a filing to the BSE

Removal from MSCI climate change indices disappointing, says Adani Group

APSEZ has been far ahead of its industry in stating publicly, more than 15 months back, its absolute commitment to achieving carbon neutrality by 2025

Adani Ports to exit Myanmar investment by June next year

Adani Ports and Special Economic Zone Ltd (APSEZ) on Wednesday said it has decided to exit its investment in Myanmar by June next year.

A question of overreach

Adani Ports' selective shipment ban oversteps its mandate

Adani Ports & SEZ raises Rs 1,000 crore through non-convertible debentures

The company has raised Rs 1,000 crores today by allotment of 10,000 rated, listed, secured, redeemable, NCDs of the face value of Rs 10,00,000/- each on private placement basis

Ports' right to bar imports needs review

The advisory applies to all terminals operated by APSEZ and third-party terminals at any of its 13 domestic ports in seven maritime states. This decision raises a number of issues

Have made full disclosures in past, not facing Sebi probe on FPIs: APSEZ

Says absolutely no connection with FPIs based in Mauritius; has applied to operate Myanmar port

Adani Ports' net profit jumps 77% to Rs 1,342 crore in June quarter

Its total income during the latest June quarter rose to Rs 4,938.43 crore, against Rs 2,749.46 crore in the year-ago period

Adani Ports raises $750 mn overseas via long-term bonds in two tranches

Coupon rates for the 20-year bonds and 10.5-year tranche were fixed at 5% and 3.8% respectively

Adani Ports to expand cargo ops, eyes 500 million tonne throughput by 2025

Company enjoys a 25% market share of India's exim cargo, wants to ramp it up to 40%

Fitch Ratings affirms Adani Ports at 'BBB-'; outlook negative

About 56% of firm's cargo is sticky, which includes contractual take-or-pay cargo, or that which is unlikely to be diverted to other ports due to infra curbs

Top headlines: Jubilant FoodWorks Q4 net soars; Fitch downgrades APSEZ

Business Standard brings you the top news of the evening

APSEZ gets CCI nod for 25% more stake purchase in Krishnapatnam port

The Competition Commission of India (CCI) on Tuesday gave nod to proposed acquisition of additional 25 per cent stake of Adani Krishnapatnam Port Ltd by Adani Ports and Special Economic Zone Ltd.

Adani Ports invests Rs 2,800 cr to up stake in Krishnapatnam Port to 100%

Acquires balance 25% Vishwasamudra Holdings' stake

Adani Ports acquire 25% of Vishwasamudra's stake in Krishnapatnam Port

Private sector ports and logistics company Adani Ports and Special Economic Zone Ltd. (APSEZ) is acquiring the residual 25% stake in Adani Krishnapatnam Port for Rs 2,800 crore

Top headlines: Money laundering case on Franklin, APSEZ to buy 31.5% in GPL

The government may cut the reserve price of spectrum ahead of the 5G auction, given 63 per cent of spectrum remained unsold at this week's auction, CLSA said in its investor note