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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 […]

Adani Ports and Special Economic Zone (APSEZ) becomes India’s first infrastructure company to raise 20-year money from international markets

July 27, 2021 sanket

Adani Ports and Special Economic Zone (APSEZ) raises USD 750 Mn. of dual tranche 10.5-year and 20-year unsecured bonds in global capital markets Issuance increases the average life of long-term debt to over 7 years and reconfigures the ratio of APSEZ’s debt from overseas investors from 69% to 73% Marquee investors participated in APSEZ’s senior […]

Business

Cyclone Tauktae: Media statement of APSEZ regarding the preparedness to tackle the emerging situation

May 17, 2021 sanket

Ahmedabad: We have initiated all actions in line with our Disaster Management Plan and SOPs thereof at Dighi, Hazira, Dahej, Mundra, and Tuna terminal. The SOPs are all-encompassing covering people safety, vessel safety, equipment safety, backup yard safety, vehicle & Railway safety as well as storm water drainage, etc. We have simultaneously stocked medicines, dry […]

Business

APSEZ announces Q4 and FY21 Results

May 4, 2021 sanket

PBT at Rs.6,292 cr. a growth of 48% and PAT at Rs.5,049 cr. a growth of 33% in FY21 FY21 (Y o Y) Handled a cargo volume of 247 MMT, registering a growth of 11% Container volume at 7.2 million TEUs, market share improves by 5% to 41% Total Revenue at Rs.12,550 cr., a growth […]