Powered by: Motilal Oswal

News

Adani to finance Sri Lankan Port project on its own, withdraws request for US DFC funding The Adani Ports and Special Economic Zones (APSEZ) Ltd on Tuesday said it will use its own resources to fund a Sri Lankan port project and not seek US funding.  In a stock exchange filing, Adani Ports said the project "is on track for commissioning by early next year”. “We would like to inform that Colombo West International Terminal (CWIT) project in Sri Lanka is progressing well and is on track for commissioning by early next year,” said the flagship Adani ...
Adani to finance Sri Lankan Port project on its own, withdraws request for US DFC funding
Adani to finance Sri Lankan Port project on its own, withdraws request for US DFC funding
Source: IANS
2024-12-11 09:19:47 am
Buy Adani Ports & SEZ Ltd For Target Rs.1,530 By Motilal Oswal Financial Services Ltd Targets to double port volumes by 2029; setting itself to transform into a transport utility * We visited the Vizhinjam Port of Adani Group and attended Adani Ports & SEZ (ADSEZ)’s analyst day. The management highlighted its focus on doubling its handled volumes over the next five years. The growth would be driven by Domestic ports, and volume guidance excludes any inorganic opportunities that come ahead. The logistics business is expected to ramp up significantly and would be a ...
Buy Adani Ports & SEZ Ltd For Target Rs.1,530 By Motilal Oswal Financial Services Ltd
Buy Adani Ports & SEZ Ltd For Target Rs.1,530 By Motilal Oswal Financial Services Ltd
Source: Motilal Oswal Financial Services
2024-12-03 11:58:06 am
Adani Ports gains on recording 21% growth in cargo volumes in November 2024 Adani Ports is currently trading at Rs. 1205.20, up by 15.55 points or 1.31% from its previous closing of Rs. 1189.65 on the BSE. The scrip opened at Rs. 1213.45 and has touched a high and low of Rs. 1213.45 and Rs. 1192.85 respectively. So far 105875 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 1607.95 on 03-Jun-2024 and a 52 week low of Rs. 825.25 on 1-Dec-2023. Last one week high and low of the scrip stood...
Adani Ports gains on recording 21% growth in cargo volumes in November 2024
Adani Ports gains on recording 21% growth in cargo volumes in November 2024
Source: Accord Fintech
2024-12-02 10:35:58 am
Buy Adani Ports & SEZ Ltd For Target Rs.1,780 By Motilal Oswal Financial Services Ltd In-line performance; outlook remains bright * Adani Ports & SEZ (APSEZ) reported a revenue growth of 6% YoY to INR70.7b in 2QFY25 (in line). Ca rgo volumes grew 10% YoY to 111mmt. The growth was primarily driven by containers (+19% YoY). In 1HFY25, APSEZ managed ~27% of the country’s total cargo and ~45% of container cargo. EBITDA margin came in at 61.8% (est. 59%), up 90bp YoY/240bp QoQ. EBITDA grew 13% YoY to INR43.7b (in line). * APAT rose 11% YoY to INR24.6b (in line). Du...
Buy Adani Ports & SEZ Ltd For Target Rs.1,780 By Motilal Oswal Financial Services Ltd
Buy Adani Ports & SEZ Ltd For Target Rs.1,780 By Motilal Oswal Financial Services Ltd
Source: Motilal Oswal Financial Services Ltd
2024-11-10 04:31:18 pm
Adani Group stocks surge, add Rs 54,381 cr in market cap The share price of all the companies in the Adani Group surged on Wednesday, adding Rs 54,381.06 crore worth of wealth to the investors' kitty.  The market cap of Adani Group companies rose to Rs 16 lakh crore. Shares of Adani Group companies gained, while the NSE Nifty 50 recorded the best session since September 20 and the BSE Sensex since October 28. The Nifty 50 ended 270.75 points or 1.12 per cent higher at 24,484.05, and the Sensex closed 901.50 points or 1.13 per cent up...
Adani Group stocks surge, add Rs 54,381 cr in market cap
Adani Group stocks surge, add Rs 54,381 cr in market cap
Source: IANS
2024-11-07 10:01:16 am
Adani Ports clocks 42 pc surge in net profit at Rs 5,520 crore in H1 FY25 Adani Ports and Special Economic Zone Ltd (APSEZ) on Tuesday reported 42 per cent surge in net profit at Rs 5,520 crore in the first half this fiscal (H1 FY25), compared to Rs 3,881 crore in the same period last fiscal (H1 FY24).  On a quarterly basis, the flagship company of the diversified Adani Group saw its net profit rise 37 per cent to Rs 2,413 crore in Q2 FY25, from Rs 1,762 crore in the year-ago period. The operating revenue grew by 13 per cent YoY to Rs 14,627 crore in H1 ...
Adani Ports clocks 42 pc surge in net profit at Rs 5,520 crore in H1 FY25
Adani Ports clocks 42 pc surge in net profit at Rs 5,520 crore in H1 FY25
Source: IANS
2024-10-29 02:21:35 pm
CM N. Chandrababu Naidu discusses investment opportunities with Adani Group Andhra Pradesh Chief Minister N. Chandrababu Naidu met with a delegation from the Adani Group to discuss investment opportunities in the state.  The delegation was led by Rajesh Adani, Managing Director of Adani Exports Ltd and Karan Adani, Managing Director of Adani Ports and SEZ Ltd. CM Naidu posted on ‘X’ that they discussed a range of investment opportunities in Andhra Pradesh. “Their presentation covered projects with the potential to drive comprehensive g...
CM N. Chandrababu Naidu discusses investment opportunities with Adani Group
CM N. Chandrababu Naidu discusses investment opportunities with Adani Group
Source: IANS
2024-10-29 01:48:56 pm
Adani Ports inches up on completing acquisition of 95% stake in Gopalpur Port Adani Ports and Special Economic Zone is currently trading at Rs. 1408.50, up by 0.90 points or 0.06% from its previous closing of Rs. 1407.60 on the BSE. The scrip opened at Rs. 1410.50 and has touched a high and low of Rs. 1426.00 and Rs. 1407.60 respectively. So far 21417 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 1607.95 on 03-Jun-2024 and a 52 week low of Rs. 754.50 on 26-Oct-2023. Last one week high a...
Adani Ports inches up on completing acquisition of 95% stake in Gopalpur Port
Adani Ports inches up on completing acquisition of 95% stake in Gopalpur Port
Source: Accord Fintech
2024-10-14 12:52:57 pm
3 Adani Group firms join World Economic Forum's 'Industrial Clusters' initiative In yet another feat for the Adani Group, three portfolio companies -- Adani Enterprises (via its subsidiary Adani New Industries Ltd), Adani Ports and Special Economic Zone (APSEZ), and Ambuja Cements -- have joined the World Economic Forum’s (WEF) 'Transitioning Industrial Clusters' initiative, forming the Adani Mundra Cluster, it was announced on Monday.  The Adani Mundra Cluster will become one of the world’s largest integrated green hydrogen hubs, with a planne...
3 Adani Group firms join World Economic Forum's 'Industrial Clusters' initiative
3 Adani Group firms join World Economic Forum's 'Industrial Clusters' initiative
Source: IANS
2024-10-01 09:01:19 am
Buy Adani Ports & SEZ Ltd For Target Rs. 1,850 By Motilal Oswal Financial Services Ltd Temporary volume hit in 1H; growth outlook intact * Adani Ports & SEZ (APSEZ) handled 183mmt of cargo volumes over AprAug’24. Volumes in 1QFY25 grew 7% YoY but were affected by a worker strike at Gangavaram port during Apr-May’24, which normalized in Jun’24. Aug’24 volumes were also impacted by severe weather in Kutch, affecting operations at Mundra and Tuna. Despite these disruptions in 1HFY25, the management maintains its volume guidance of 460-480mmt for FY25...
Buy Adani Ports & SEZ Ltd For Target Rs. 1,850 By Motilal Oswal Financial Services Ltd
Buy Adani Ports & SEZ Ltd For Target Rs. 1,850 By Motilal Oswal Financial Services Ltd
Source: Motilal Oswal Financial Services Ltd
2024-09-22 04:44:12 pm
Adani Group honoured in TIME’s World’s Best Companies of 2024 Leading integrated business conglomerate Adani Group on Friday said it has been featured in TIME magazine’s prestigious ‘World’s Best Companies of 2024’ list.  The list was prepared in collaboration with Statista, a global industry ranking and statistics portal.  Notably, eight out of 11 listed Adani portfolio companies were considered in the evaluation, reflecting a comprehensive performance across the group. The other three listed companies are subsid...
Adani Group honoured in TIME’s World’s Best Companies of 2024
Adani Group honoured in TIME’s World’s Best Companies of 2024
Source: IANS
2024-09-14 09:05:14 am
Adani Ports climbs on signing concession agreement with DPA to develop berth Adani Ports and Special Economic Zone is currently trading at Rs. 1463.85, up by 33.65 points or 2.35% from its previous closing of Rs. 1430.20 on the BSE. The scrip opened at Rs. 1440.00 and has touched a high and low of Rs. 1469.70 and Rs. 1440.00 respectively. So far 22760 shares were traded on the counter.  The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 1607.95 on 03-Jun-2024 and a 52 week low of Rs. 754.50 on 26-Oct-2023. Last one week...
Adani Ports climbs on signing concession agreement with DPA to develop berth
Adani Ports climbs on signing concession agreement with DPA to develop berth
Source: Accord Fintech
2024-09-12 12:22:11 pm
Adani Ports to develop berth at Gujarat`s Kandla Port for multi-purpose cargo Adani Ports and Special Economic Zone Ltd (APSEZ) on Wednesday announced it will develop a multi-purpose berth at Kandla Port in Gujarat.  The Berth No 13 at Deendayal Port in Kandla will handle multipurpose cargo and is expected to be commissioned in FY27, India’s largest port developer-cum-operator said in a statement. "Berth No 13 will diversify our presence at Deendayal Port. We will now handle multipurpose clean cargo at the port, in addition to dry bulk cargo that ...
Adani Ports to develop berth at Gujarat`s Kandla Port for multi-purpose cargo
Adani Ports to develop berth at Gujarat`s Kandla Port for multi-purpose cargo
Source: IANS
2024-09-11 05:07:17 pm
Adani Ports acquires 80 pc stake in Astro Offshore for $185 mn to boost marine portfolio  Adani Ports and Special Economic Zone (APSEZ) on Friday announced its acquisition of an 80 per cent stake in global offshore support vessel operator Astro Offshore for $185 million in an all-cash deal.  Astro will enhance Adani Ports’ global marine portfolio and help add new Tier-1 customers. The transaction, implying an enterprise value of $235 million, is expected to be value accretive from the first year itself, said the flagship company of the Adani Group. "...
Adani Ports acquires 80 pc stake in Astro Offshore for $185 mn to boost marine portfolio
Adani Ports acquires 80 pc stake in Astro Offshore for $185 mn to boost marine portfolio
Source: IANS
2024-08-30 03:26:43 pm
Buy Adani Ports & SEZ Ltd For Target Rs. 1,850 By Motilal Oswal Financial Services In-line performance; outlook remains bright * Adani Ports & SEZ (APSEZ) reported a revenue growth of 11% YoY to INR69.6b in 1QFY25 (in line). Cargo volumes grew 8% YoY to 109mmt. Volumes at Gangavaram port were affected by a worker strike in AprMay’24; however, the operations returned to normalcy in Jun’24. * EBITDA margin came in at 61% (est. 58.7%), up 90bp YoY/240bp QoQ. EBITDA grew 13% YoY to INR42.4b (in line). * APAT rose 29% YoY to INR26.3b (13% ...
Buy Adani Ports & SEZ Ltd For Target Rs. 1,850 By Motilal Oswal Financial Services
Buy Adani Ports & SEZ Ltd For Target Rs. 1,850 By Motilal Oswal Financial Services
Source: Motilal Oswal Financial Services Ltd
2024-08-11 09:20:40 am
Stock Picks : Adani ports Ltd And HPCL Ltd By ICICI Direct Adani ports Ltd Buy Adani ports Ltd @ 1515-1520 Target 1536.00 Stop Loss 1508.40   HPCL Ltd Buy HPCL Ltd @ 389-397 Target 426.00 Stop Loss 376.00   Please refer disclaimer at https://secure.icicidirect.com/Content/StaticData/Disclaimer.html SEBI Registration number INZ000183631
Stock Picks : Adani ports Ltd And HPCL Ltd By ICICI Direct
Stock Picks : Adani ports Ltd And HPCL Ltd By ICICI Direct
Source: ICICI Direct
2024-08-08 10:17:08 am
Buy Adani Ports & SEZ Ltd For Target Rs.1,790 By Motilal Oswal Financial Services Robust volume growth aided by ramp up and expansion In this note, we present the key takeaways from Adani Ports & SEZ (APSEZ)’s FY24 Annual Report. On track to become India’s largest transport utility company *  APSEZ ended FY24 with 24% volume growth, taking the total volumes to 420 MMT, well surpassing even its guidance. This was supported by a network of 15 ports across the country’s coastline, including India’s largest port at Mundra that handled ...
Buy Adani Ports & SEZ Ltd For Target Rs.1,790 By Motilal Oswal Financial Services
Buy Adani Ports & SEZ Ltd For Target Rs.1,790 By Motilal Oswal Financial Services
Source: Motilal Oswal Financial Services
2024-08-06 10:31:27 am
Adani Ports gains on reporting stellar Q1 numbers; consolidated net profit up 47% Adani Ports and Special Economic Zone is currently trading at Rs. 1597.70, up by 8.30 points or 0.52% from its previous closing of Rs. 1589.40 on the BSE. The scrip opened at Rs. 1588.85 and has touched a high and low of Rs. 1598.60 and Rs. 1551.00 respectively. So far 143292 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 1607.95 on 03-Jun-2024 and a 52 week low of Rs. 753.50 on 03-Aug-2023. Last one week high ...
Adani Ports gains on reporting stellar Q1 numbers; consolidated net profit up 47%
Adani Ports gains on reporting stellar Q1 numbers; consolidated net profit up 47%
Source: Accord Fintech
2024-08-02 11:56:54 am
India`s Adani Ports to invest $1.2 billion in transshipment terminal, Bloomberg News reports India's Adani Ports and Special Economic Zone plans to ramp up its investment to 100 billion rupees ($1.20 billion) to boost its southern India transshipment container port, Bloomberg News reported on Thursday. The investment in Vizhinjam port in the state of Kerala is part of the second phase of the project that is expected to finish by 2028, the report, which cited people with knowledge of the matter, added. Construction of the $900 million port had seen a four month-long standsti...
India`s Adani Ports to invest $1.2 billion in transshipment terminal, Bloomberg News reports
India`s Adani Ports to invest $1.2 billion in transshipment terminal, Bloomberg News reports
Source: Reuters
2024-07-12 09:12:52 am
Buy Adani Ports & SEZ Ltd For Target Rs.1,700 By Motilal Oswal Financial Services Healthy expansion in the scale of operations and robust profitability to continue * Adani Ports & SEZ (APSEZ) ended FY24 on a strong note with >20% volume growth. The outlook remains bright, and growth momentum is likely to sustain as APSEZ continues to gain market share from other operators and grow at twice the industry growth rate. * APSEZ invested significantly in FY24 to expand its portfolio, cementing its position as India’s largest private port player and integrated...
Buy Adani Ports & SEZ Ltd For Target Rs.1,700 By Motilal Oswal Financial Services
Buy Adani Ports & SEZ Ltd For Target Rs.1,700 By Motilal Oswal Financial Services
Source: Motilal Oswal Financial Services
2024-07-11 05:22:12 pm
Adani Ports moves up on getting LOI for Berth No. 13 at Deendayal Port Adani Ports and Special Economic Zone is currently trading at Rs. 1489.40, up by 11.50 points or 0.78% from its previous closing of Rs. 1477.90 on the BSE. The scrip opened at Rs. 1494.40 and has touched a high and low of Rs. 1494.40 and Rs. 1483.65 respectively. So far 12807 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 1607.95 on 03-Jun-2024 and a 52 week low of Rs. 714.65 on 14-Jul-2023. Last one week high ...
Adani Ports moves up on getting LOI for Berth No. 13 at Deendayal Port
Adani Ports moves up on getting LOI for Berth No. 13 at Deendayal Port
Source: Accord Fintech
2024-07-10 10:18:18 am
Buy Adani Ports & SEZ Ltd For Target Rs.1,590 Motilal Oswal Financial Services Volume growth trajectory to continue * We released our Initiating Coverage (IC) report on Adani Ports & SEZ Ltd (APSEZ) in Oct’23 (LINK). In this report, we highlighted that the company’s improving utilization levels at its current ports, along with its ramping up of volumes at newly acquired ports, will position the company to exceed its FY24 volume guidance and expand its market share in cargo handling. We reiterated our strong conviction with APSEZ being one of our top i...
Buy Adani Ports & SEZ Ltd For Target Rs.1,590 Motilal Oswal Financial Services
Buy Adani Ports & SEZ Ltd For Target Rs.1,590 Motilal Oswal Financial Services
Source: Motilal Oswal Financial Services
2024-07-02 02:24:45 pm
Adani Ports features on honour list of companies in Asia Pacific, only Indian firm in transport sector  Adani Ports and Special Economic Zone Limited (APSEZ) on Monday said it has made it to the honour list of the Institutional Investor Asia Pacific (ex-Japan) Executive Team Survey and in the transportation sector, the Adani Group company is the only Indian firm to feature on the list, at the second rank.  Of 1,669 Asian companies voted in by investors, 55 featured on the honour list. This includes only four from India, including APSEZ that scored 1st rank across four parameters &...
Adani Ports features on honour list of companies in Asia Pacific, only Indian firm in transport sector
Adani Ports features on honour list of companies in Asia Pacific, only Indian firm in transport sector
Source: IANS
2024-06-25 10:52:06 am
4 Adani ports make it to World Bank's global 'Container Port Performance Index' Adani Ports and Special Economic Zone Limited (APSEZ) on Wednesday said four of its ports have been featured in the prestigious 'Container Port Performance (CPP) Index 2023', developed by the World Bank and S&P Global Market Intelligence.   While Mundra port was ranked 27th, Kattupalli came in at number 57th, Hazira at 68th, and Krishnapatnam at 71th in the Top 100 list. "It reaffirms our position as a key player in the global container port industry. This accompli...
4 Adani ports make it to World Bank's global 'Container Port Performance Index'
4 Adani ports make it to World Bank's global 'Container Port Performance Index'
Source: IANS
2024-06-20 09:21:42 am
Buy Adani Ports & SEZ Ltd. For Target Rs.1,590 By Motilal Oswal Financial Services Volume growth trajectory to continue * We released our Initiating Coverage (IC) report on Adani Ports & SEZ Ltd (APSEZ) in Oct’23 (LINK). In this report, we highlighted that the company’s improving utilization levels at its current ports, along with its ramping up of volumes at newly acquired ports, will position the company to exceed its FY24 volume guidance and expand its market share in cargo handling. We reiterated our strong conviction with APSEZ being one of our top i...
Buy Adani Ports & SEZ Ltd. For Target Rs.1,590 By Motilal Oswal Financial Services
Buy Adani Ports & SEZ Ltd. For Target Rs.1,590 By Motilal Oswal Financial Services
Source: motilal oswal financial services Ltd
2024-06-12 05:59:17 pm
NDTV shares surge more than 4.8 pc as market reaches all-time high As the stocks of Adani Group portfolio companies surged on Friday while the Sensex and Nifty climbed over 2 per cent to close at record high levels, the shares of NDTV climbed more than 4 per cent, the highest among the group companies.   The shares of Adani Group Portfolio made a strong comeback.  NDTV climbed 4.85 per cent, the highest among the Adani Group companies.  Adani Enterprises’ stock went up by 1.1 per cent, Adani Ports and SEZ saw a gain of 1.9 per c...
NDTV shares surge more than 4.8 pc as market reaches all-time high
NDTV shares surge more than 4.8 pc as market reaches all-time high
Source: IANS
2024-06-08 11:27:17 am
Adani Ports gets 5-year contract to run container terminal at Kolkata port Adani Ports and Special Economic Zone Limited (APSEZ) said on Friday that it has received the letter of intent (LoI) for the operation and maintenance of the container facility at the Netaji Subhas Dock at the Syama Prasad Mookerjee Port in Kolkata for five years.  With this, India’s largest port developer-cum-operator has established its presence at the largest container handling facility on the eastern coast. “The contract for container handling facilities at the Neta...
Adani Ports gets 5-year contract to run container terminal at Kolkata port
Adani Ports gets 5-year contract to run container terminal at Kolkata port
Source: IANS
2024-06-07 04:59:26 pm
Adani Ports moves up on getting LoI for O&M of container facility at Syama Prasad Mookerjee Port Adani Ports and Special Economic Zone is currently trading at Rs. 1362.50, up by 9.70 points or 0.72% from its previous closing of Rs. 1352.80 on the BSE. The scrip opened at Rs. 1359.95 and has touched a high and low of Rs. 1381.00 and Rs. 1355.35 respectively. So far 83653 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 1607.95 on 03-Jun-2024 and a 52 week low of Rs. 702.85 on 23-Jun-2023. Last one week high a...
Adani Ports moves up on getting LoI for O&M of container facility at Syama Prasad Mookerjee Port
Adani Ports moves up on getting LoI for O&M of container facility at Syama Prasad Mookerjee Port
Source: Accord Fintech
2024-06-07 10:34:27 am
Wipro secures $500 million deal from US communication service provider IT major Wipro on Thursday announced it has secured a $500 million deal from a leading US communication service provider over a period of five years.  In a stock exchange filing, the IT services company said it would provide managed services for some products and industry-specific solutions to the US-based firm. "Wipro has been awarded a $500 million deal by a leading US Communication Service Provider," it said in the filing, adding that the agreement is for a period of f...
Wipro secures $500 million deal from US communication service provider
Wipro secures $500 million deal from US communication service provider
Source: IANS
2024-06-07 09:22:20 am
Adani Ports signs 30-year pact to operate key terminal at Tanzania`s Dar es Salaam Port  Adani International Ports Holdings on Friday said it has signed a 30-year concession pact with the Tanzania Ports Authority to operate and manage Container Terminal 2 (CT2) at the Dar es Salaam Port in the eastern African country.   Adani International Ports Holdings is a wholly-owned subsidiary of Adani Ports and Special Economic Zone Ltd. (APSEZ). "The signing of the concession for Container Terminal 2 at Dar es Salaam Port is in line with APSEZ’s ambition of bec...
Adani Ports signs 30-year pact to operate key terminal at Tanzania`s Dar es Salaam Port
Adani Ports signs 30-year pact to operate key terminal at Tanzania`s Dar es Salaam Port
Source: IANS
2024-06-01 09:12:03 am
Adani Ports & SEZ eyes significant expansion into the Philippines Adani Ports and Special Economic Zone (APSEZ) is planning to invest significantly in the Philippines, and is looking at Bataan for its port development plan, the Philippines government has said. Bataan is a province on the Philippine island of Luzon. According to a statement from the Philippines Presidential Office, APSEZ is planning to invest owing to the "stability in regulation and business environment" under the President Ferdinand R Marcos Jr administration. “You...
Adani Ports & SEZ eyes significant expansion into the Philippines
Adani Ports & SEZ eyes significant expansion into the Philippines
Source: IANS
2024-05-04 02:08:39 pm
India's Adani Ports posts bigger Q4 profit on strong cargo volumes  Adani Ports and Special Economic Zone, India's largest private port operator, posted a 76% rise in its fourth-quarter profit on Thursday, helped by a jump in cargo volumes. The company, part of billionaire Gautam Adani's conglomerate, said its consolidated net profit rose to 20.40 billion rupees ($244.6 million) in the quarter ended March 31, from 11.58 billion rupees a year earlier. ($1 = 83.3970 Indian rupees)
India's Adani Ports posts bigger Q4 profit on strong cargo volumes
India's Adani Ports posts bigger Q4 profit on strong cargo volumes
Source: Reuters
2024-05-02 01:50:46 pm
Adani Ports & SEZ secures AAA rating - India`s 1st in private infra development space Adani Ports and Special Economic Zone Limited (APSEZ), one of the largest profit contributors for the Adani Group, has been upgraded to AAA rating by Care Ratings. This is the highest possible rating given to an issuer by the credit-rating agencies in India, signifying the strongest level of creditworthiness and the capacity to repay the investors. This achievement also holds major significance for India’s private infrastructure sector, marking APSEZ as the first and only private ...
Adani Ports & SEZ secures AAA rating - India`s 1st in private infra development space
Adani Ports & SEZ secures AAA rating - India`s 1st in private infra development space
Source: IANS
2024-04-30 04:12:53 pm
How Adani Ports unlocked growth potential of India's seaports after acquisitions India's largest private port operator, Adani Ports and Special Economic Zone Ltd (APSEZ), announced earlier this month that it handled a record 420 MMT (million metric tonne) cargo in FY24 (including international ports), setting a new milestone in its journey. It was an impressive 24 per cent growth (year-on-year), with domestic ports contributing over 408 MMT cargo. While it took 14 years for the company to achieve the first 100 MMT of annual cargo throughput, the second and third...
How Adani Ports unlocked growth potential of India's seaports after acquisitions
How Adani Ports unlocked growth potential of India's seaports after acquisitions
Source: IANS
2024-04-20 09:30:11 am
Adani Ports handles record 420 MMT cargo globally with impressive 24 pc growth Adani Ports and Special Economic Zone Ltd (APSEZ) handled record 420 MMT (million metric tonne) cargo in FY24 (including international ports), which is an impressive 24 per cent growth (year-on-year), with domestic ports contributing over 408 MMT cargo, it announced on Monday. The company handled its highest ever monthly cargo volumes (including international ports) of over 38 MMT in the month of March alone. “While it took 14 years for the company to achieve the first 100 MMT of ...
Adani Ports handles record 420 MMT cargo globally with impressive 24 pc growth
Adani Ports handles record 420 MMT cargo globally with impressive 24 pc growth
Source: IANS
2024-04-01 10:52:47 am
Stock Picks : Adani ports and Special Economic Zone Ltd And Petronet LNG Ltd By ICICI Direct Adani ports & Special Economic Zone Ltd Buy Adani ports & Special Economic Zone Ltd @ 1299-1301 Target 1318.00 Stop Loss 1290.80   Petronet LNG Ltd  Buy Petronet LNG Ltd @ 263.80-264.40 Target 267.20 Stop Loss 262.40   Please refer disclaimer at https://secure.icicidirect.com/Content/StaticData/Disclaimer.html SEBI Registration number INZ...
Stock Picks : Adani ports and Special Economic Zone Ltd And Petronet LNG Ltd By ICICI Direct
Stock Picks : Adani ports and Special Economic Zone Ltd And Petronet LNG Ltd By ICICI Direct
Source: ICICI Direct
2024-03-27 11:26:23 am
Adani Ports acquires Gopalpur Port in Odisha for Rs 3,080 crore Adani Ports and Special Economic Zone Ltd (APSEZ) on Tuesday said it has acquired 56 per cent stake of the SP Group and 39 per cent of Orissa Stevedores Limited (OSL) in Gopalpur Port Limited (GPL) for Rs 3,080 crore. Gopalpur port is located on the east coast of the country and has the capacity to handle 20 MMTPA (million metric tonne per annum). The Odisha government awarded a 30-year concession to GPL in 2006, with the provision of two extensions of 10 years each. In addition to t...
Adani Ports acquires Gopalpur Port in Odisha for Rs 3,080 crore
Adani Ports acquires Gopalpur Port in Odisha for Rs 3,080 crore
Source: IANS
2024-03-26 10:42:42 am
India`s Adani Ports to buy 95% of Odisha`s Gopalpur Port for $162 million India's largest private port operator Adani Ports and Special Economic Zone said on Tuesday it will buy a 95% stake in Odisha's Gopalpur Port for an equity value of 13.49 billion rupees ($161.74 million) to bolster its east coast presence. Adani Ports will purchase a 56% stake in Gopalpur Port from real-estate conglomerate Shapoorji Pallonji Group (SP Group) and a 39% stake from Orissa Stevedores. The enterprise value of the deal is 30.80 billion rupees. Gopalpur handles a di...
India`s Adani Ports to buy 95% of Odisha`s Gopalpur Port for $162 million
India`s Adani Ports to buy 95% of Odisha`s Gopalpur Port for $162 million
Source: Reuters
2024-03-26 09:14:08 am
India Adani Group`s dollar bonds, shares tumble on US probe report Most dollar bonds of Adani Group companies fell to their lowest level in two months on Monday following a report indicating that U.S. prosecutors have widened their investigation of the conglomerate to examine potential bribery. Shares of all 10 group and related companies also fell over 5% in early trading in India, with Adani Total Gas leading the decline. Bond prices fell, resulting in a 38 basis points increase in the yield on a note from Adani Ports & Special Economic Zone due ...
India Adani Group`s dollar bonds, shares tumble on US probe report
India Adani Group`s dollar bonds, shares tumble on US probe report
Source: Reuters
2024-03-18 10:50:21 am
Our biggest investment outside Gujarat to be in Uttar Pradesh: Karan Adani The Adani Group will make its biggest investment outside Gujarat in Uttar Pradesh, says Adani Ports & Special Economic Zone Ltd Managing Director Karan Adani. Talking to IANS, Karan Adani said: "Our vision for the Chaudhary Charan Singh International Airport (CCSIA) is big and far-reaching. The master plan aims to expand the airport's capacity to ultimately serve 38 million passengers annually by 2047-48. This will generate employment for 50,000 to 60,000 persons." &qu...
Our biggest investment outside Gujarat to be in Uttar Pradesh: Karan Adani
Our biggest investment outside Gujarat to be in Uttar Pradesh: Karan Adani
Source: IANS
2024-03-10 05:26:13 pm
Adani Ports trades in green on recording 33% growth in cargo volumes in February Adani Ports is currently trading at Rs. 1347.95, up by 9.15 points or 0.68% from its previous closing of Rs. 1338.80 on the BSE. The scrip opened at Rs. 1345.00 and has touched a high and low of Rs. 1356.50 and Rs. 1336.05 respectively. So far 89829 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 1,356.50 on 04-Mar-2024 and a 52 week low of Rs. 571.35 on 28-Mar-2023. Last one week high and low of the scrip stood...
Adani Ports trades in green on recording 33% growth in cargo volumes in February
Adani Ports trades in green on recording 33% growth in cargo volumes in February
Source: Accord Fintech
2024-03-04 10:45:02 am
Adani Portfolio posts record 63.6 per cent profit growth, sets stage for unrivalled green investments The Adani Portfolio of companies on Thursday reported a record quarterly profit growth of 63.6 per cent (year-on-year), as trailing 12-month EBITDA (as of December 2023) stood at Rs 78,823 crore ($9.5 billion), which is 2.5 times the EBITDA in FY21 and 37.8 per cent higher than FY23 EBITDA. The company said that high liquidity is maintained with a healthy cash balance of Rs 44,572 crore ($5.4 billion) at the end of December 31, 2023. The core infrastructure platform generated Rs 66,208 ...
Adani Portfolio posts record 63.6 per cent profit growth, sets stage for unrivalled green investments
Adani Portfolio posts record 63.6 per cent profit growth, sets stage for unrivalled green investments
Source: IANS
2024-03-01 09:56:28 am
Stock Picks : Adani Ports & SEZ Ltd And Larsen & Toubro Ltd By ICICI Direct Adani Ports & SEZ Ltd Buy Adani Ports & SEZ Ltd @ 1318-1320 ; Target 1334.00; Stop Loss 1310.80   Larsen & Toubro Ltd Buy Larsen&Toubro Ltd @ 3385-3388 ; Target 3421.00; Stop Loss 3369.00   Please refer disclaimer at https://secure.icicidirect.com/Content/StaticData/Disclaimer.html SEBI Registration number INZ000183631
Stock Picks : Adani Ports & SEZ Ltd And Larsen & Toubro Ltd By ICICI Direct
Stock Picks : Adani Ports & SEZ Ltd And Larsen & Toubro Ltd By ICICI Direct
Source: ICICI Direct
2024-02-26 10:12:26 am
Adani Ports surges after its arm incorporates wholly owned subsidiary Adani Ports and Special Economic Zone is currently trading at Rs. 1255.40, up by 9.80 points or 0.79% from its previous closing of Rs. 1245.60 on the BSE. The scrip opened at Rs. 1254.85 and has touched a high and low of Rs. 1268.60 and Rs. 1231.75 respectively. So far 213529 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 1290.80 on 05-Feb-2024 and a 52 week low of Rs. 533.65 on 23-Feb-2023. Last one week high ...
Adani Ports surges after its arm incorporates wholly owned subsidiary
Adani Ports surges after its arm incorporates wholly owned subsidiary
Source: Accord Fintech
2024-02-09 12:33:51 pm
Buy Adani Portsand Special Economy Zone Ltd For Traget Rs.1,470- Motilal Oswal Financial Service Ltd In-line performance; well placed to surpass volume guidance of FY24 * Adani Ports & SEZ Ltd (APSEZ) reported a revenue growth of 45% YoY to INR69.2b in 3QFY24 (in line). During the quarter, APSEZ recorded ~44% YoY growth in cargo volumes to reach 108.6 MMT. * EBITDA margin came in at 60.5% in 3QFY24 vs. our estimate of 59.5% (down 240bp YoY, up 210bp QoQ). While EBITDA grew 39% YoY to INR41.9b, APAT increased 52% YoY to INR23.5b (our estimate was INR 21.1b). * In 3QFY24, Port rev...
Buy Adani Portsand Special Economy Zone Ltd For Traget Rs.1,470- Motilal Oswal Financial Service Ltd
Buy Adani Portsand Special Economy Zone Ltd For Traget Rs.1,470- Motilal Oswal Financial Service Ltd
Source: Motilal Oswal Financial Services Ltd
2024-02-02 01:54:58 pm
India`s Adani Ports posts Q3 profit climb Adani Ports and Special Economic Zone, India's largest private port operator, reported a nearly 68% surge in third-quarter profit on Thursday, helped by a jump in cargo volumes and higher tariffs. Consolidated net profit rose to 22.08 billion rupees ($266.1 million) in the October-December quarter, the company, which is part of billionaire Gautam Adani's conglomerate, said. ($1 = 82.9730 Indian rupees)
India`s Adani Ports posts Q3 profit climb
India`s Adani Ports posts Q3 profit climb
Source: Reuters
2024-02-01 12:56:45 pm
S&P Global upgrades Adani Ports, Adani Electricity on cash flow optimism S&P Global Ratings revised its outlook for India's Adani Ports and Special Economic Zone and Adani Electricity Mumbai to stable from negative on signs of robust cash flow in the next 12 to 24 months. Adani Ports' ratio of adjusted net debt to earnings before interest, tax, depreciation and amortization - a measure of its ability to pay off liabilities - is expected to be in the range of 3x to 4x over the next two years, S&P said. For Adani Electricity, the agency expects...
S&P Global upgrades Adani Ports, Adani Electricity on cash flow optimism
S&P Global upgrades Adani Ports, Adani Electricity on cash flow optimism
Source: Reuters
2024-01-23 09:22:14 am
Buy Adani Ports & SEZ For Target Rs. 1407- JM Financial Anchored in growth Ports, a key growth enabler for India Given that Indian ports handle 95%/70% of seaborne trade by volume/value, the recent announcement by the government to up India’s port capacity to 10,000mtpa by 2047 from 2,600mtpa (at implied CAGR of 5-6%) takes center stage. And current capacity utilization is at 57%, with all-India cargo volume likely posting a CAGR of 3% in FY19-24E to 1,487mt. The target is to increase it to 1,750mt by FY28E at a CAGR of 4%, per Indian ...
Buy Adani Ports & SEZ For Target Rs. 1407- JM Financial
Buy Adani Ports & SEZ For Target Rs. 1407- JM Financial
Source: Elara Capital
2024-01-18 11:21:00 am