Adani International Ports Holdings Pte Ltd. (AIPH), a subsidiary of Adani Ports and Special Economic Zone Ltd. (APSEZ), has signed a 30-year concession agreement to operate and manage Container Terminal 2 (CT2) at the Dar es Salaam Port in Tanzania. This strategic move is part of APSEZ’s broader ambition to become one of the world’s […]
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 […]
In response to ongoing developments in South Israel, Adani Ports and Special Economic Zone Limited (APSEZ) has issued a reassuring statement regarding the safety and operations of Haifa Port in the North of Israel. The Adani Group company expressed its continued solidarity with the people of Israel while emphasizing its commitment to safeguarding its employees […]
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% […]
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, […]
The Adani Ports and Special Economic Zone (APSEZ) has signed a deal to acquire the 58.1% stake owned by DVS Raju and family in Gangavaram Port Limited (GPL), the holding company of the Gangavaram Port in Visakhapatnam (Vizag), Andhra Pradesh for INR 36.04 billion ($500 million). In this regard, the Adani Group company, subject to […]
The Adani Ports and Special Economic Zones (Adani Ports or APSEZ) will acquire the 31.5% stake owned by Windy Lakeside Investment in the Gangavaram Port (GPL) in Visakhapatnam (Vizag), Andhra Pradesh for INR 19.54 billion ($270 million). The Adani Group company is acquiring nearly 16.3 crore shares at INR 120 per share from the Warburg […]