Latest Adani Ports And Special Economic Zone News
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Mint
Top Gainers and Losers Today : The Sensex lost 71.77 points, or -0.09, to settle at 82962.71, while the Nifty lost 32.4 points, or -0.13, to close at 25388.9.
Business Standard
APSEZ, DPA to develop multipurpose berth at Gujarat's Kandla Port
Adani Ports and Special Economic Zone (APSEZ) on Wednesday said it has signed a concession agreement with DPA to develop Berth No 13 at Deendayal Port, Kandla, Gujarat. APSEZ has incorporated a wholly-owned subsidiary, DPA Container and Clean Cargo Terminal Limited (DPACCCTL), that will carry out operations at the berth, it said in a statement. Berth will handle multipurpose cargo and is expected to be commissioned in FY27. In July 2024, APSEZ had received the LOI for the development, operation and maintenance of the berth for a 30-year concession period. According to the statement, APSEZ will develop the berth under DBFOT (Design, Build, Finance, Operate, and Transfer) model for multipurpose clean cargo, including container cargo. Berth No. 13 is 300 metres long and offers 5.7 MMT capacity annually. It is likely to be commissioned in FY27. APSEZ CEO and whole-time director Ashwani Gupta said, "Berth No. 13 will diversify our presence at Deendayal Port. We will now handle multipu
The Economic Times
Adani Ports & SEZ to develop multipurpose berth at Gujarat's Kandla Port
Adani Ports and Special Economic Zone signed a concession agreement to develop Berth No. 13 at Deendayal Port in Kandla, Gujarat. The berth will handle multipurpose cargo and is expected to be operational by FY27. This development will enhance APSEZ's capabilities on the western coast and service customers in Gujarat and north India.
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Wed, Sep 11, 2024
The Economic Times
Adani Ports acquires 80% stake in Dubai's Astro Shipping for $185 million
Adani Ports & Special Economic Zone Ltd has agreed to acquire an 80% stake in Dubai-based Astro Shipping Company for $185 million. This acquisition aims to expand APSEZ's fleet to 168 ships and boost its presence in the Arabian Gulf, Indian subcontinent, and Far East Asia.
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Fri, Aug 30, 2024
Business Standard
Adani Ports and SEZ to buy 80% stake in Astro Offshore for $185 mln
Adani Ports and Special Economic Zone (APSEZ) announced that it will acquire 80% stake in offshore support vessels operator, Astro Offshore for $185 million.
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Fri, Aug 30, 2024
The Economic Times
Adani Ports subsidiary acquires 80% of Astro Offshore Group for $185 million
Adani Ports and Special Economic Zone has announced an all-cash deal to acquire a 80% stake in Astro for $185 million. This acquisition, valued at an EV of $235 million, expands APSEZ's fleet and customer base in strategic regions, enhancing its position in the marine operations market.
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Fri, Aug 30, 2024
Mint
Top Gainers and Losers Today : The Sensex lost 56.99 points, or -0.07, to settle at 79705.91, while the Nifty lost 20.5 points, or -0.08, to close at 24367.5.
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Mon, Aug 12, 2024
The Economic Times
Adani Group to invest Rs 20,000 crore in Vizhinjam port's remaining phases
The Adani Group has announced plans to invest an additional Rs 20,000 crore to complete the remaining phases of the Vizhinjam International Seaport in Kerala. This port, the first transshipment port in India, is being developed by Adani Ports and Special Economic Zone Ltd (APSEZ) under a public-private partnership model at a total cost of approximately Rs 8,867 crore. Managing Director Karan Adani emphasized that the port will significantly reduce logistics costs for Indian manufacturers by 30 to 40 percent.
Business Line
Adani Ports & Special Economic Zone Share Price Highlights 24 June 2024
Adani Ports Share Price Updates: Adani Ports & Special Economic Zone has been included for trading on BSE Sensex starting today, June 24, 2024, as part of the index rejig. The Adani Group stock has replaced Wipro. A report by Nuvama Alternative and Quantitative Research on Friday stated that the stock of Adani Ports would receive inflows worth $259 million. The stock closed at ₹1,460 on the BSE on Monday, down by 1.73%, and at ₹1,460.25 on the NSE, down by 1.70%.
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Mon, Jun 24, 2024
