Business

Adani Places India’s Largest Order for 8 Tugs Under the Make in India Initiative for 450 Cr with Cochin Shipyard

December 27, 2024 revoi editor

Ahmedabad, 27 December 2024: Adani Ports and Special Economic Zone Ltd (APSEZ), India’s largest integrated transport utility company, is pleased to announce the procurement of eight state-of-the-art harbour tugs, all to be constructed by Cochin Shipyard Ltd. This initiative aligns with the government’s Make in India and Aatmanirbhar Bharat initiatives by boosting local manufacturing and […]

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Business

Adani Ports & SEZ to develop multipurpose berth at Gujarat’s Kandla Port

September 11, 2024 Vinayak Barot

Ahmedabad, 11 September 2024: Adani Ports and Special Economic Zone Ltd (APSEZ), India’s largest port developer-cum-operator, has signed a concession agreement with DPA to develop Berth No. 13 at Deendayal Port, Kandla, Gujarat. APSEZ has incorporated a wholly owned subsidiary, DPA Container and Clean Cargo Terminal Limited (DPACCCTL), that will carry out operations at the […]

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Business

APSEZ acquires 80% stake in global OSV operator Astro Offshore for USD 185 Mn

August 30, 2024 Vinayak Barot

Ahmedabad, 30 August 2024: Adani Ports and Special Economic Zone Ltd (APSEZ), India’s largest ports and logistics company, has entered into a definitive agreement to acquire 80% stake in Astro, in an all-cash deal for USD 185 million, implying an EV of USD 235 million and EV / FY25E EBITDA at 4.4x. The transaction is expected […]

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Business

Largest container ship to arrive in India drops anchor at Adani Ports, Mundra

May 26, 2024 Vinayak Barot

Mundra Port, the flagship of Adani Ports and Special Economic Zone Ltd (APSEZ), India’s largest port and logistics company, has created yet another record by welcoming the largest container ship ever to call at an Indian port. The vessel, MSC Anna, docked on 26 May, marking a significant milestone for both the port and the […]

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Business

APSEZ FY24 net profit jumps 50%, Delivers 3x the India cargo growth rate and a record volume of 420 MMT

May 2, 2024 Vinayak Barot

Ahmedabad, 2 May 2024: Adani Ports and Special Economic Zone Ltd (“APSEZ”) today announced its results for the quarter and twelve months ending 31 March, 2024.  Particulars (Rs Cr) Q4 FY24 Q4 FY23 Y-o-Y Change FY24 FY23 Y-o-Y Change Cargo (MMT) 108.7 86.3 26% 419.9 339.2 24% Revenue 6,897 5,797 19% 26,711 20,852 28% EBITDA# […]

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Business

APSEZ handles 420 MMT cargo globally, Domestic ports handle over 408 MMT

April 1, 2024 Vinayak Barot

Ahmedabad, 1 April, 2024: Adani Ports and Special Economic Zone Ltd (APSEZ), India’s largest ports and logistics company, has handled 420 MMT (+24% Y-o-Y) cargo in FY24 (including international ports), with domestic ports contributing Over 408 MMT cargo. It has also handled its highest ever monthly cargo volumes (incl. international ports) of over 38 MMT […]

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Business

APSEZ acquires Gopalpur Port in Odisha for INR 3,080 crore

March 26, 2024 Vinayak Barot

Ahmedabad, 26 March, 2024: Adani Ports and Special Economic Zone Ltd (APSEZ), India’s largest ports and logistics company, has entered into a definitive agreement to purchase the 56% stake of the SP Group and 39% of Orissa Stevedores Limited (OSL) in Gopalpur Port Limited (GPL). The acquisition is made at an enterprise value of INR […]

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Business

Adani Ports secures top position for its climate actions and environmental performance

February 12, 2024 Vinayak Barot

Ahmedabad, 11 February 2024: Adani Ports and Special Economic Zone Ltd (APSEZ) has secured top position for its climate actions and environmental performance in assessments done by four global rating agencies. The CDP  assigned leadership band “A-“ to APSEZ, recognising the company’s efforts in implementing the current best practices to tackle climate change risks and […]

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Defence

APSEZ Q3 FY24 PAT jumps 65% Y-o-Y, EBITDA grows 59% to Rs 4,293 Cr & Leverage at 2.5x Net Debt to EBITDA

February 1, 2024 Vinayak Barot

Ahmedabad, 1 February 2024: Adani Ports and Special Economic Zone Ltd (“APSEZ”) today announced its results for the quarter and nine months ending 31 December, 2023.  Particulars (Rs Cr) Q3 FY24 Q3 FY23 Y-o-Y Change 9M FY24 9M FY23 Y-o-Y Change Cargo (MMT) 108.6 75.4 44% 311.2 252.9 23% Revenue 6,920 4,786 45% 19,814 15,055 […]

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Business

Adani Electricity And Adani Ports Outlook Revised To Stable From Negative; Ratings Affirmed

January 22, 2024 Vinayak Barot

S&P has affirmed the ratings of Adani Ports and Special Economic Zone Ltd. and Adani Electricity Mumbai Ltd., while revising its outlook to ‘Stable’ from ‘Negative’, due to strong business fundamentals and robust cash flows. The global rating agency said that the conclusion of most regulatory investigations into the Adani Group without evidence of wrongdoing […]

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