Revoi.in

Adani Group have concluded the Myanmar Port sale for a total consideration of USD 30 Mn

May 4, 2023 Vinayak Barot

Ahmedabad, 4 May 2023: Adani Ports and Special Economic Zone Ltd (APSEZ), the largest integrated transport utility in India and a part of the diversified Adani Group have concluded the Myanmar Port sale for a total consideration of USD 30 Mn. In May 2022, APSEZ announced signing of a Share Purchase Agreement (SPA) for the […]

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

APSEZ 9M EBITDA grows by 19%, Port EBITDA at 70% & Logistics EBITDA at 29%

February 7, 2023 Vinayak Barot

Ahmedabad, 7 February 2023: Adani Ports and Special Economic Zone Ltd (“APSEZ”), today announced its results for the third quarter and nine months ended 31 December 2022. (Amounts in Rs Cr) Particulars Q3 FY23 Q3 FY22 Y-o-Y Change 9M FY23 9M FY22 Y-o-Y Change Cargo (MMT) 75.4 74.4 1% 252.9 234.3 8% Revenue 4,786 4,072 […]

Business

FY22 – Cargo volume jumps 26% leading to record revenue and EBITDA

May 25, 2022 Vinayak Barot

Ahmedabad, 24 May 2022: Adani Ports and Special Economic Zone Ltd (“APSEZ”), the largest transport utility in India, today announced its results for the fourth quarter and year ended 31 March 2022. Particulars Cargo Revenue EBITDA# Free Cash Flow FY22 FY21 FY22 FY21 FY22 FY21 FY22 FY21 APSEZ* 282 247 15,934 12,550 9,811 8,063 5,261 […]

Business

Adani acquires India’s largest marine services company Ocean Sparkle

April 22, 2022 Vinayak Barot

Ahmedabad, 22 April 2022: Adani Ports and Special Economic Zone Ltd (“APSEZ”) through its subsidiary, The Adani Harbour Services Ltd (“TAHSL”), has entered into a definitive agreement for acquisition of 100% stake in Ocean Sparkle Ltd (‘OSL’), India’s leading third-party marine services provider. Key activities carried by the company include towage, pilotage, and dredging. With […]