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Adani Ports signs 30-year concession to operate Container Terminal 2 at Dar es Salaam Port

May 31, 2024 Vinayak Barot

Ahmedabad/Abu Dhabi, 31 May, 2024: Adani International Ports Holdings Pte Ltd. (AIPH), a wholly owned subsidiary of Adani Ports and Special Economic Zone Ltd. (APSEZ), has signed a 30-year concession agreement with the Tanzania Ports Authority to operate and manage Container Terminal 2 at the Dar es Salaam Port, Tanzania. Dar es Salaam Port is […]

WhatsApp Image 2024-05-27 at 11.54.35 AM (1)

Business

Largest container ship to arrive in India drops anchor at Adani Ports, Mundra

May 26, 2024 Vinayak Barot

Mundra Port, the flagship of Adani Ports and Special Economic Zone Ltd (APSEZ), India’s largest port and logistics company, has created yet another record by welcoming the largest container ship ever to call at an Indian port. The vessel, MSC Anna, docked on 26 May, marking a significant milestone for both the port and the […]

Business

Torrent Pharma Q4 Results, Net profit jumps 57%

May 24, 2024 Vinayak Barot

Drug firm Torrent Pharmaceuticals Ltd on Friday (May 24) reported a 56.5% year-on-year (YoY) jump in net profit at ₹449 crore for the fourth quarter that ended March 31, 2024. In the corresponding quarter, Torrent Pharmaceuticals posted a net profit of ₹287 crore, the company said in a regulatory filing. The company’s revenue from operations […]

Business

Adani Group stocks rally; Adani Enterprises jumps 8 pc

May 22, 2024 Vinayak Barot

New Delhi, May 23 (PTI) Shares of Adani Group companies continued to remain in the limelight on Thursday, with the flagship Adani Enterprises rallying 8 per cent, amid reports of likely inclusion in the 30-share BSE Sensex. The stock of Adani Enterprises jumped 8.01 per cent to Rs 3,391.20 apiece on the BSE. The BSE […]

Business

Adani group mcap regains USD 200 bn-mark as company rebuts coal invoicing allegations

May 22, 2024 Vinayak Barot

Mumbai, May 22, Adani Group’s market capitalisation on Wednesday regained USD 200 billion-mark (Rs 16.9 lakh crore) after its listed firms gained Rs 11,300 crore as investors reposed faith on the company denying any wrongdoing in supply of coal to Tamil Nadu power company. With Rs 11,300 crore gain on Wednesday, the apples-to-airport conglomerate gained […]

Business

Adani Ports Mundra Enhances Global Connectivity with ONE

May 15, 2024 Vinayak Barot

Today, Adani Mundra Port handled the inaugural vessel call of the WIN service of Ocean Network Express (ONE) line. This new service aims to enhance the connectivity of Adani Ports Mundra and Hazira catering North West India to North America, promising weekly connections and efficient commercial operations. This service connects Mundra to New York, Norfolk, […]

Business

Adani Wilmar Limited : FY’24 revenue at INR 51,262 Crores

May 1, 2024 Vinayak Barot

The Company’s sales volume continues to grow well, and we have witnessed strong volume growth in both edible oils and foods businesses during the quarter and for the full year, driven by increased retail penetration. The Company recorded revenue of INR 13,238 crores in Q4’24. While edible oils grew by 11% and Food & FMCG […]

Business

Ambuja Cements delivers lifetime highest annualised PAT

May 1, 2024 Vinayak Barot

Ahmedabad, 1st May 2024: Ambuja Cements, the cement and building materials flagship of the diversified Adani Group, today announced a record-setting standalone and consolidated financial results for Q4 and full year ended March 31, 2024. This strong performance is driven by improved KPIs in all operational parameters. Mr. Ajay Kapur, Whole Time Director & CEO, […]

Business

APSEZ Secures AAA Rating – India’s First Private Infrastructure Developer With AAA

May 1, 2024 Vinayak Barot

Ahmedabad, 01 May 2024: Adani Ports and Special Economic Zone (APSEZ), proudly announces revision of its credit rating to AAA by CARE Ratings. The top most rating signifies highest level of credit worthiness and the ability to fulfill all its financial guidance. With this development, APSEZ has become the first large sized private infrastructure developer […]

Business

Adani portfolio’s record profit growth, robust credit profile set stage for unrivalled green investments

February 29, 2024 Vinayak Barot

Ahmedabad, 29 February 2024: In line with our commitment to upholding the highest standards of transparency, we are pleased to release the Adani portfolio’s results, credit and ESG compendium. It offers insights into the quarterly and trailing twelve-month (TTM) financial performance of the portfolio, reinforcing our dedication to providing clear and detailed information to stakeholders […]