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Adani Ports receives LOI for O&M of container terminal at Kolkata port

June 7, 2024 Vinayak Barot

Ahmedabad, 7 June, 2024: Adani Ports and Special Economic Zone Limited (APSEZ), India’s largest port developer-cum-operator, has received the letter of intent (LOI) for the operation and maintenance (O&M) of the container facility at the Netaji Subhas Dock at the Syama Prasad Mookerjee Port in Kolkata. APSEZ won the five-year O&M contract through a competitive […]

Business

Adani Ports signs 30-year concession to operate Container Terminal 2 at Dar es Salaam Port

May 31, 2024 Vinayak Barot

Ahmedabad/Abu Dhabi, 31 May, 2024: Adani International Ports Holdings Pte Ltd. (AIPH), a wholly owned subsidiary of Adani Ports and Special Economic Zone Ltd. (APSEZ), has signed a 30-year concession agreement with the Tanzania Ports Authority to operate and manage Container Terminal 2 at the Dar es Salaam Port, Tanzania. Dar es Salaam Port is […]

Business

Adani Ports, Mundra set a handling record of India’s Largest Fertilizer Shipment

November 25, 2023 Vinayak Barot

Mundra, India – November 25, 2023: Adani Mundra Port proudly celebrates a groundbreaking achievement as it welcomes the largest-ever fertilizer shipment to dock at its premises. Today marks a historic milestone in India’s maritime trade industry with the successful arrival of 100282 metric tons of D-ammonium phosphate (DAP – fertilizer) from Morocco. This monumental cargo, […]

Business

Adani Ports: Three Factors That Led To Goldman Earnings Upgrade

November 23, 2023 Vinayak Barot

Goldman Sachs Group Inc. raised its earnings estimates for Adani Ports and Special Economic Zone Ltd. citing healthy growth and potential market share gains and pricing power from a unique fully integrated logistics business. The management’s focus is shifting towards balancing growth and debt, the research firm said. And it cited organic port volume growth, […]

Business

Adani Ports, Mundra anchors one of the longest vessel

July 2, 2023 Vinayak Barot

Mundra, 02 July 2023; Mundra Port, the flagship port of Adani Ports and Special Economic Zone Ltd (APSEZ), the largest integrated transport utility in India and a part of the diversified Adani Group has achieved a significant accomplishment by berthing the 399 meters long and 54 meters wide vessel, MV MSC Hamburg. The Adani Ports […]

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Business

Adani Ports Revenue and EBITDA jumps over 20% in FY23, Record investments during the year to drive growth

May 30, 2023 Vinayak Barot

Ahmedabad, 30 May 2023: Adani Ports and Special Economic Zone Ltd (“APSEZ”), today announced its results for the fourth quarter and year ended 31 March 2023. (Amounts in Rs Cr) Particulars Q4 FY23 Q4 FY22 Y-o-Y Change FY23 FY22 Y-o-Y Change Cargo (MMT) 86.3 78.1 11% 339.2 312.4 9% Revenue 5,797 4,140 40% 20,852 17,119 […]

Business

Adani Ports raises the bar by handling highest-ever rail cargo of over 120 MMT in FY22-23

May 17, 2023 Vinayak Barot

Ahmedabad, 17 May 2023: Adani Ports and Special Economic Zone Limited (APSEZ), a flagship company of the Adani Group, has set a new benchmark by handling the highest-ever rail cargo of 120.51 MMT in the financial year 2022-23, surpassing the previous best of 98.61 MMT. APSEZ is committed to providing end-to-end logistics. Under the General […]

Business

With 339 MMT, Adani Ports end FY23 on a new high

April 5, 2023 Vinayak Barot

Ahmedabad, 5 April 2023: Adani Ports and Special Economic Zone Ltd (APSEZ), the largest integrated transport utility in India and a part of the diversified Adani Group, handled ~32 MMT of total cargo in March 2023, implying a Y-o-Y growth of ~9.5%. For the first time since July 2022, the volumes crossed the 30-MMT mark. […]

Business

Adani Ports, Mundra has docked its first LNG fueled powered Crude oil Tanker

March 13, 2023 Vinayak Barot

Adani Ports, Mundra has docked its First LNG fueled powered Aframax Crude oil Tanker at its SPM (Single Point Mooring) facility. Korolev Prospect a Korean build dual-fueled Liberian-flagged Crude carrier built in 2019 is with a draft of 14.0 Meters with a total displacement of 126810 MT safety handled at Mundra SPM.

Business

Adani Ports to enhance Haldia Dock’s capacity in Bengal

September 16, 2022 Vinayak Barot

Ahmedabad, 15 September 2022: HDC Bulk Terminal Ltd (HBTL), a wholly owned subsidiary of Adani Ports and Special Economic Zone Limited(APSEZ), India’s largest integrated transport utility and part of the Adani Group, has signed the Concession Agreement with Syama Prasad Mookerjee Port, Kolkata (SMPK) for mechanization of Berth no. 2 at Haldia Port. This is in […]