[ad_1] MUMBAI: Adani Ports will buy Shapoorji Pallonji Group‘s Gopalpur Port in Odisha for an enterprise value of Rs 3,080 crore, adding to its pan-India network and enhancing its cargo volume. In addition to the enterprise value, there is a contingent consideration of Rs 270 crore to be payable after 5.5 years, subject to fulfilment…
[ad_1] AHMEDABAD: Adani Ports and Special Economic Zone (APSEZ), the ports and logistics arm of Gautam Adani-owned Adani Group on Tuesday announced it has acquired a controlling 95% stake in Odisha-based Gopalpur Port. APSEZ has agreed to acquire the stake for an equity value of Rs 1,349 crore and an enterprise value of Rs 3,080…
[ad_1] Mumbai: Shapoorji Pallonji Group is set to sell its 56% stake in Gopalpur Port in Odisha to Adani Ports for an enterprise value of Rs 3,000-3,300 crore, of which the equity consideration is Rs 1,300 crore. In Dec 2023, the construction-to-real estate group, led by Shapoor Mistry, had sold its 50% share in Dharamtar…
[ad_1] AHMEDABAD: Adani Ports and Special Economic Zone Ltd (APSEZ) has secured the top position for its climate actions and environmental performance in assessments done by four global rating agencies.According to a press release by Adani, the CDP assigned leadership band “A-” to APSEZ, recognising the company’s efforts in implementing the current best practices to…
[ad_1] BENGALURU: 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…
[ad_1] LIC (Life Insurance Corporation of India), a state-owned company and one of the largest investors in the Adani Group, has taken advantage of the recent rise in the conglomerate’s stock prices to book profits. According to the shareholding pattern for the December quarter, LIC has reduced its stakes in Adani Energy Solutions, Adani Enterprises,…
[ad_1] Shares of Adani Ports and Special Economic Zone witnessed a nearly 4% surge, hitting an all-time high of Rs 1,213.25 on the National Stock Exchange on Tuesday. This uptick follows Motilal Oswal‘s reaffirmation of a buy rating for the stock, setting a target price of Rs 1,410, signaling a 21% upside from Monday’s closing…
[ad_1] NEW DELHI: Adani Ports and Special Economic Zone Ltd (APSEZ) on Wednesday elevated CEO Karan Adani to the role of MD, a position that was held by Adani Group chairman Gautam Adani who has now re-designated as the port major’s executive chairman. Former global COO of Nissan Motors Ashwani Gupta will be the company’s…
[ad_1] Investors in Adani stocks received a setback in 2023 as the conglomerate’s market capitalization fell by approximately Rs 6 lakh crore due to the Hindenburg controversy. The combined market value of all 10 listed Adani companies, which was Rs 19.6 lakh crore at the end of 2022, has now declined to Rs 13.6 lakh…
[ad_1] CHENNAI: Adani Ports is divesting its 49% stake in Adani Ennore Container Terminal (AECTPL) to Terminal Investment (TiL) for Rs 247 crore.The box terminal located at Kamarajar Port in Ennore, 24km from Chennai, handles multiple types of cargo. AECTPL with concession ending in 2044 has an annual capacity of 0.8 million TEUs (twenty-foot equivalent…
