Adani Ports and Special Economic Zone (APSEZ) was ranked among the Top 10 global transportation and transportation infrastructure companies in the 2024 S&P Global Corporate Sustainability Assessment (CSA), with a score of 68 (out of 100)--three points improvement over last year.
This initiative aligns with the government's Make in India and Aatmanirbhar Bharat initiatives by boosting local manufacturing and enhancing self-reliance in the maritime sector. The order for eight 70-tonne bollard pull tugs will increase Adani's total fleet to 152.
Adani Ports and Special Economic Zone (APSEZ) Mundra welcomed CMA CGM Fort Diamant, the first-ever Liquefied Natural Gas (LNG) powered container vessel to dock at the port's Container Terminal-CT4, the APSEZ stated in a release on Thursday.
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 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).
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.
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
Ashwani Gupta, Whole-time Director and CEO, APSEZ, "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 we already handle. The berth will further consolidate our position on the western coast
Adani Ports and Special Economic Zone (APSEZ) has entered into a definitive agreement to acquire 80 per cent stake in Astro Offshore, the Adani Group company said in a statement on Friday.
Adani Ports and Special Economic Zone on Thursday reported that its net profit or profit after tax jumped 47 per cent year-on-year during the April-June quarter to Rs 3,107 crore, its earnings results showed.