The central government has allowed the Adani Group-owned port at Krishnapatnam in Andhra Pradesh to import petroleum into India by sea in public interest.
"The ability to scale and grow using internal cash flows in the case of Adani Ports gives us strong comfort on the intrinsic equity value of such a business, which in turn reduces the scope for credit stress" says JP Morgan report.
The balance sheet and performance of Adani Group's key businesses, including ports, cement, and green energy improves over time says a report by Bernstein.
The credit rating of Gopalpur Ports Limited (GPL) has been upgraded to CARE AA; Stable by Care Edge Ratings following its acquisition by Adani Ports and Special Economic Zone Limited (APSEZ).
Sardar Vallabhbhai Patel International Airport (SVPIA), managed by Adani Airport Holdings Limited, a subsidiary of Adani Enterprises Ltd., the flagship incubator of the globally diversified Adani Portfolio, has undertaken several pioneering initiatives - many of which are first-of-their-kind
Adani Power Ltd., a part of Adani portfolio companies, said on Thursday that it has achieved an exceptional score of 67 (out of 100) in the Corporate Sustainability Assessment (CSA) by global rating agency S&P Global for FY 2023-24.
The Kerala government has extended its agreement with Adani Vizhinjam Port for an additional five years, with a revised deadline for the commissioning of the port by December.
When adjusted for previous period incomes, the TTM EBITDA growth accelerates to a remarkable 34.3 per cent, highlighting the Group's robust operational performance and solid growth trajectory.
Adani Ports and SEZ CEO Ashwani Gupta on Tuesday informed shareholders that it has delivered growth across the top line, bottom line and market share as they continued to strengthen value proposition as a transport utility company.
Earnings momentum continues for Adani Ports and SEZ, with the Adani Group company registering Profit After Tax or net profit at Rs 5,520 crore in the first half of 2024-25. The net profits were up 42 per cent year-on-year.
"Met with a delegation from the Adani Group led by the MD of Adani Exports Ltd., Rajesh Adani, and the MD of Adani Ports and SEZ Ltd, Karan Adani to discuss a range of investment opportunities in Andhra Pradesh," CM Naidu said.
Three Adani portfolio companies -- Adani Enterprises Ltd (AEL) (through its subsidiary Adani New Industries Ltd), Adani Ports and Special Economic Zone Ltd (APSEZ) and Ambuja Cements Ltd -- have joined the World Economic Forum's 'Transitioning Industrial Clusters' initiative, forming the Ada