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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 […]

Business

Flipkart enters into Strategic Partnership with Adani Group to Strengthen Logistics and Data Centre Capabilities

October 30, 2021 sanket

New fulfilment centre spread across 5.34 lakh sq. ft. to be opened in Mumbai Data Centre to be established at AdaniConneX’s Chennai facility Partnership to create ~2,500 direct jobs and thousands of indirect jobs Bengaluru & Ahmedabad; 12th April 2021: Flipkart, India’s leading homegrown e-commerce marketplace, today announced a strategic and commercial partnership with the […]

Business

APSEZ – H1 / FY22 – Cargo Volume up 47% & Total Revenue up 56%

October 27, 2021 sanket

Consolidated Revenue of Rs.8,089 Cr – a growth of 56% Consolidated EBITDA of Rs.4,826 Cr – a growth of 47% Port EBIDTA of Rs.4,458 Cr – a growth of 47% Achieved total cargo volume of 144 MMT – a growth of 47% Market share in All India cargo increased by 310 bps to reach 28.6% […]

Business

APSEZ fully unlocks India’s eastern hinterland with Rs. 6,200 Cr acquisition of Gangavaram Port

September 23, 2021 sanket

Completes Government of Andhra Pradesh’s stake Purchase in GPL Board Approves merger of GPL with APSEZ APSEZ acquires Government of Andhra Pradesh’s 10.4% stake for Rs. 645 Cr APSEZ and GPL boards have approved a merger at a swap ratio of 159:1,000 shares With the above, APSEZ achieves full closure on Gangavaram Port Ltd Acquisition […]