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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; […]

Education

APSEZ fire services team awarded two national level awards in Safe-Tech awards & conference

September 10, 2022 Vinayak Barot

Fire Services team of Adani Ports & SEZ (APSEZ) got two national level awards for bravery and technical paper presentation in Safe-Tech awards & conference organized by Kings ExpoMedia recently at Hotel Taj Mahal Palace, Mumbai. The Fire Services team at APSEZ aims towards achieving zero accident in the workplace and as a part of […]

Business

Adani Logistics Ltd acquires ICD “Tumb” (Vapi) from Navkar Corporation Ltd

August 16, 2022 Vinayak Barot

Ahmedabad, 16 August 2022: Adani Logistics Ltd (ALL), a wholly owned subsidiary of Adani Ports and Special Economic Zone Ltd (APSEZ), has signed a definitive agreement to acquire the ICD “Tumb” (Vapi) from Navkar Corporation Ltd for an enterprise value of Rs 835 Cr. The deal comprises acquisition of the operational ICD with capacity to […]

Business

APSEZ announces Q1 FY23 results, Record Cargo Volumes and EBITDA

August 8, 2022 Vinayak Barot

Ahmedabad, 8 August 2022: Adani Ports and Special Economic Zone Ltd (“APSEZ”), the largest transport utility in India, today announced its results for the first quarter of FY2023. Particulars Cargo Revenue EBITDA# PAT$ 1Q FY23 1Q FY22 Y-o-Y Change 1Q FY23 1Q FY22 Y-o-Y Change 1Q FY23 1Q FY22 Y-o-Y Change 1Q FY23 1Q […]

Business

APSEZ Fire Services honoured with Garv Award

May 27, 2022 Vinayak Barot

Fire Services team of Adani Ports & SEZ (APSEZ) was recognized and conferred the prestigious Gujarat Fire Rescue & Safety Award organized by Garv at the Swarnimpark, Gandhinagar. APSEZ received the award in recognition for saving six lives of truck drivers in critical road accident rescue operation and for going beyond their call of duty […]