Adani Ports and Special Economic Zone Ltd (APSEZ), India’s largest ports and logistics company, part of the globally diversified Adani Group, has witnessed a significant leadership transition. The company has promoted CEO Mr. Karan Adani to the role of Managing Director, a position previously held by Mr. Gautam Adani, Chairman of the Adani Group. In […]
In November 2023, Adani Ports and Special Economic Zone (APSEZ) reported a remarkable 42% year-on-year increase in cargo volumes, handling around 36 Million Metric Tonnes (MMT). This substantial growth was consistent across all three broad cargo categories – dry bulk, containers, and liquids and gas. During the first eight months of Fiscal Year 24 (April-November […]
Mundra Port, the jewel in the crown of Adani Ports and Special Economic Zone (APSEZ), has etched its name in the annals of Indian maritime history by handling an unparalleled volume of 16.1 million metric tonnes (MMT) of cargo in October. This achievement not only sets a new benchmark for Mundra but also for any […]
Adani Ports and Special Economic Zone Limited (Adani Ports) has successfully wrapped up the early settlement of its previously announced tender offer for the 3.375% Senior Notes due 2024. This move is in alignment with the company’s commitment to fortifying its financial position and building stakeholder confidence. Financial Highlights of the Settlement Adani Ports had […]
Adani Ports and Special Economic Zone Ltd (APSEZ), an influential entity of the globally-recognized Adani Group, has released its financial outcomes for Q1 FY24, which concluded on 30 June 2023. The findings showcased a robust 24% Y-o-Y surge in revenue, reaching Rs 6,248 Cr. Additionally, the EBITDA saw an astounding 80% Y-o-Y hike, settling at […]
American equity investment boutique GQG Partners has completed a secondary equity transaction worth INR 15,446 crores ($1.87 billion) with the Adani Portfolio companies. The companies that secured the investment include Adani Ports and Special Economic Zone, Adani Green Energy, Adani Transmission, and Adani Enterprises. According to Adani Enterprises, the investment makes GQG Partners an important […]
Adani Ports and Special Economic Zone (APSEZ), an Indian transport utility, has agreed to acquire a 49.38% equity stake in Indian Oiltanking (IOTL) from Oiltanking India GmbH for Rs 1,050 Cr, in a bid to become India’s largest third-party liquid tank storage player. The agreement also facilitates the acquisition of an additional stake of 10% […]
Adani Ports and Special Economic Zone Limited said that Adani Agri Logistics Ltd (AALL) is set to build and operate food grain silo complexes at Kanpur, Gonda, and Sandila in Uttar Pradesh and Katihar in Bihar. Following competitive bidding, the fully-owned subsidiary of Adani Logistics has been issued a letter of award (LoA) from the […]
India-based Adani Ports and Special Economic Zone (APSEZ) in consortium with Israeli chemical company Gadot Group has bagged the Port of Haifa privatization tender in Israel. The consortium’s offer for the Port of Haifa privatization tender was NIS 4.1 billion (1.18 billion). Adani Ports and Special Economic Zone has a 70% stake in the consortium, […]
Adani Ports and Special Economic Zone Limited has incorporated a new fully-owned subsidiary called HDC Bulk Terminal Limited. The newly founded subsidiary belongs to the port industry and is yet to begin its business, said Adani Ports and Special Economic Zone. According to the Adani Group company, HDC Bulk Terminal has been created for the […]