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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 […]

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 […]

Business

APSEZ Achieves Highest Vessel Exchange at Kattupalli Port

March 24, 2022 Vinayak Barot

Chennai: Adani Ports and Special Economic Zone Ltd (“APSEZ”), the largest integrated transport utility in India and a part of the diversified Adani Group, today announced that it has achieved the highest exchange of 7078 TEUs (Twenty-Foot Equivalent Unit) at the Kattupalli Port. This exchange was handled on the Vessel MV Cosco Hamburg, which sailed between Kattupalli Port and […]

Business

APSEZ 9M FY22 – Cargo Volume up 22% & Total Revenue up 35

February 1, 2022 Vinayak Barot

Achieved total cargo volume of 212 MMT – a growth of 22% Market share in All India cargo increased by 350 bps to reach 28.1% Market share in container segment increased by 189 bps to 42.2% Consolidated Revenue Rs.12,089 Cr– a growth of 35% Consolidated EBITDA Rs.7,428 Cr– a growth of 29% Port EBIDTA of […]

Business

APSEZ receives NCLT approval – Amalgamation of Sarguja Rail Corridor

January 30, 2022 Vinayak Barot

Ahmedabad, 30 January 2022 : Adani Ports and Special Economic Zone Ltd’s (APSEZ)composite scheme of arrangement to acquire Sarguja Rail Corridor Pvt Ltd (SRCPL)has been approvedby the Ahmedabad Bench of the National Company Law Tribunal (NCLT) and will be effective from the Appointed Date of 1 April 2021. APSEZwill nowconsolidate all rail assets under a […]