Adani Ports And Special Economic Zone APSEZ

A parliamentary committee has stressed on the need for increasing the draft depth of almost all the ports of the country under the Sagarmala Programme according to their respective cargo profile. Increased draft depth helps ports handle larger vessels. In its latest report, the department-related parliamentary standing committee on transport, tourism and culture said that the draft depth at major ports, both in the channel and berths, has been historically low and ranges from 7 metres in older ports up to 20 metres in newer ports. The draft depth is not commensurate with the change of ship sizes and changes in cargo trends such as containerisation. "Though the government has taken a number of initiatives to modernise our ports under the Sagarmala Programme, a lot remains to be done to ensure deep-draft availability to handle mega ships," the committee said. It observed that increased competition and economy of scale has fuelled the development of bigger ships and to accommodate suc

Hindenburg report allegations have limited near term impact

This comes after questions were raised about his status following short-seller Hindenburg Research naming him prominently in its January report

Adani Group stocks: Last night, it was reported that Gautam Adani and his family had prepaid all loans backed by the company shares

Adani Group: The repayment of the loan will release the pledge on shares of promoters in four Adani Group companies, Adani Enterprises, Adani Ports, Adani Green Energy and Adani Transmission

Adani Ports and Special Economic Zone (APSEZ) crossed 300 million metric tonne (MMT) of cargo handling on Thursday. The company crossed the cargo handling in just 329 days. APSEZ has registered growth since it started operations over two decades ago and continues to outperform all India cargo volume growth, with its market share rising rapidly, the company said in a statement. "APSEZ's flagship port, Mundra, is outpacing all its closest rivals by comfortable margins and continues to be the largest port in the nation in terms of volumes handled," APSEZ CEO and Whole Time Director Karan Adani said. APSEZ, a part of Adani Group, has evolved from a port company to an integrated transport utility providing an end-to-end solution from its port gate to customer gate.

India's largest private sector ports operator, which reported an earnings miss in the latest quarterly earnings, also said it would roughly halve its capital expenditure next financial year

Prepayment to significantly improve net debt-to-Ebitda ratio, bring it closer to 2.5x by March, says company

Adani Ports and Special Economic Zone (APSEZ) said that it has acquired a 49.38 per cent stake in Indian Oiltanking, a developer and operator of liquid storage facilities

Adani Ports and Special Economic Zone, India's largest private operator of ports, reported a 69% surge in quarterly profit on Tuesday, driven by strong cargo volumes.

At the event attended by industrialists and CEOs, Banerjee pointed to the growth in agricultural output and said, "Similarly, we have to take care of industry and investment."

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

Stocks to Watch on Tuesday: DreamFloks Services to debut on Tuesday; Reliance Industries acquires majority stake in SenseHawk for $32 mn; Delta Corp in F&O ban.

Adani Ports, the country's largest integrated logistics player, had clocked a consolidated net profit of Rs 1,033 crore in Q4FY22, over 21 per cent lower than the same quarter in FY21

Adani Ports and Special Economic Zone Ltd (APSEZ), India's largest integrated transport utility, has clocked a cargo throughput of 100 MMT in the first 99 days of FY23

Adani Ports and Special Economic Zone (APSEZ) will seek shareholders' nod this month for the reappointment of Gautam S Adani as its Managing Director, according to a regulatory filing

CLOSING BELL: The Nifty IT, Bank, and FMCG indices dropped over 1 per cent each

The country's largest integrated logistics player had clocked a consolidated net profit of Rs 1,321 crore in the corresponding period of the previous fiscal, according to a BSE filing

Adani Ports and Special Economic Zone Ltd (APSEZ) on Tuesday said it has achieved the milestone of handling 300 million metric tonnes (MMT) of cargo well ahead of the year end

It took 14 years to achieve 100 MMT annually with five ports in its portfolio, and doubled it to 200 MMT with nine ports in just the next five years