Rorix Holdings and Adani Ports and Special Economic Zone Limited have signed a monumental Memorandum of Understanding (MOU) that could dramatically alter the global commodities market. This strategic partnership, announced during the UAE-India Business Forum, brings together Rorix Holdings, a global leader in trade facilitation and finance based in Abu Dhabi, with Adani Ports, India’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 a strategic move to enhance infrastructure and promote economic development, the U.S. International Development Finance Corporation (DFC) has committed a substantial investment to the tune of $553 million. This funding is allocated for the Colombo West International Terminal Pvt. Ltd. (CWIT) — a collaboration between India’s Adani Ports, Sri Lanka’s John Keells Holdings, and […]
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 […]
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, […]
Adani Ports and Special Economic Zone (APSEZ) will take full ownership of Adani Krishnapatnam Port Ltd., the holding company of Krishnapatnam Port in Andhra Pradesh by acquiring the remaining 25% stake for INR28 billion ($380 million). The 25% residual stake in the all-weather, deep water port will be purchased by Adani Ports and Special Economic […]
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 […]