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APSEZ subsidiary upgraded by 6 notches post acquisition

December 2, 2024 revoi editor

CAREEDGE has upgraded Gopalpur Port from BBB (RWP) to AA/Stable (upgraded by 6 notches) post acquisition by APSEZ in March 24. CARE notes that “APSEZ has an established track record of successfully turning around port assets including Dhamra port post acquisition through bringing sticking cargo and operational efficiency”. CARE notes the substantial prepayment of 64% […]

Business

APSEZ kicks off FY25 with a strong 47% PAT growth in Q1

August 1, 2024 Vinayak Barot

Ahmedabad, 1 August 2024: Adani Ports and Special Economic Zone Ltd (“APSEZ”) today announced its results for the quarter ending 30 June, 2024. # Proforma 114.7 MMT cargo, a 13% increase in volume assuming 5.7 MMT loss in Gangavaram port, now fully restored. “FY25 has begun on a strong note for us with stellar […]

Business

Adani Ports Mundra Achieves Multiple Milestones, Setting New Records

July 18, 2024 Vinayak Barot

Adani Ports and Special Economic Zone Limited (APSEZ), India’s leading commercial port operator, is proud to announce a series of remarkable achievements that underscore its commitment to excellence and operational efficiency. Historic Cargo Handling in Q1 FY25: Mundra Port continues to set new benchmarks, handling an impressive 51.2 million metric tonnes (MMT) of cargo in […]

Business

APSEZ strengthens its ESG leadership, gains recognition for Climate initiatives

June 14, 2024 Vinayak Barot

Ahmedabad, 14 June, 2024: APSEZ has been recognized by CDP for its exceptional efforts in tackling climate change and implementing best practices across its supply chain through a robust engagement program. The award was presented at the ‘Climate Action in India: Role of Businesses & Supply Chain’ ceremony, co-hosted by the Federation of Indian Chambers […]

Business

APSEZ scripts a turnaround story, unlocks growth potential after acquisitions

April 19, 2024 Editor In Chief

New Delhi, Apr 19 : The first 100 million tonne took 14 years, the second 5 and the third 3. But the fourth took less than 2 years as Adani Ports and Special Economic Zone (APSEZ) handled a record 420 million tonne of cargo in fiscal year ended March 31 (FY24). Cargo handled by India’s […]

Business

By 2025, we will set a national benchmark being the only carbon-neutral port operations and be Net Zero for APSEZ by 2040: Gautam Adani

December 8, 2023 Vinayak Barot

Thrilled to share Adani’s continued groundbreaking climate initiatives! By 2025, we will set a national benchmark being the only carbon-neutral port operations and be Net Zero for APSEZ by 2040. Our climate-friendly transformation includes electrifying all cranes, switching all diesel-based Internal Transfer Vehicles to battery-based ITVs, and installing an additional 1000 MW of captive renewable […]

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Business

With 48% Y-o-Y growth, APSEZ Delivers Record Cargo Volumes in October

November 3, 2023 Vinayak Barot

Ahmedabad, 3 November 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 37 MMT of total cargo in October 2023, implying a Y-o-Y growth of 48%. For the first time in the company’s history, the total cargo volume of our […]

Business

The Audit Committee/ Board is pleased to appoint MSKA & Associates as APSEZ’s auditor

August 12, 2023 Vinayak Barot

The Audit Committee/ Board is pleased to appoint MSKA & Associates (an independent member firm of BDO International, a Top 6 global audit firm,) as APSEZ’s auditor. Since May 2017, Deloitte has been Adani Ports and Special Economic Zone’s (APSEZ) statutory auditor. In July 2022, APSEZ reappointed Deloitte as its statutory auditor for another term […]

Business

Adani Ports acquires 49.38% stake in Indian Oiltanking Ltd for Rs 1,050 Cr

November 9, 2022 Vinayak Barot

Ahmedabad, 9 November 2022: Adani Ports and Special Economic Zone Ltd (APSEZ), the largest transport utility in India, has entered into a definitive agreement for the acquisition of Oiltanking India GmbH’s 49.38% equity stake in Indian Oiltanking Ltd (IOTL), which is one of India’s largest developer and operator of liquid storage facilities. This agreement also […]

Business

APSEZ Q2 PAT grows by 65%, Record Revenue and EBITDA

November 1, 2022 Vinayak Barot

Ahmedabad, 1 November 2022: Adani Ports and Special Economic Zone Ltd (“APSEZ”), the largest transport utility in India, today announced its results for H1 FY2023. Particulars Q2 FY23 Q2 FY22 Y-o-Y Change Cargo 86.6 75.5 15% Revenue 5,211 3,923 33% EBITDA# 3,260 2,483 31% PAT 1,738 1,050 65% All numbers include Gangavaram port numbers; […]