Adani Ports acquires 80% stake in global OSV operator Astro Offshore for USD 185 million

Ahmedabad: Adani Ports and Special Economic Zone Ltd (APSEZ) is set to acquire an 80 percent stake in Astro, a global offshore service vehicle operator, in an all-cash deal for $185 million, implying an EV of $235 million and EV/FY25E EBITDA at 4.4x, said a company press release.

Adani Ports gets big relief as Supreme Court suspends Gujarat HC's order on 108 hectares land near Mundra Port

New Delhi: Adani Ports received a big relief as the Supreme Court on Wednesday suspended a Gujarat High Court order that directed the state government to reclaim 108 hectares of grazing land granted to the ports company, media reported.

Adani Ports bags 5-year O&M contract of container facility in Kolkata's Syama Prasad Mookerjee Port

New Delhi/IBNS: Adani Ports and Special Economic Zone Limited (APSEZ) announced that it has received the letter of intent (LOI) for the operation and maintenance (O&M) of the container facility in Kolkata's Syama Prasad Mookerjee Port, reports said.

Adani Ports to replace Wipro in BSE Sensex on June 24

Mumbai: Adani Ports and Special Economic Zone Ltd (APSEZ) will replace Wipro Ltd in the 30-stock blue-chip S&P BSE Sensex starting June 24, according to an announcement made by the index operator on Friday, reported Reuters.

Adani Ports announces changes in its top leadership: Gautam Adani redesignated as Executive Chairman, Karan Adani becomes MD

Mumbai: Adani Ports and SEZ, the port and logistics division of the Adani Group, on Wednesday announced a restructuring in its leadership.

Adani Ports to raise up to Rs 5,000 cr via non-convertible debentures

Mumbai: The board of directors of Adani Ports and Special Economic Zone Limited approved the raising of funds up to Rs 5,000 crores through public issuance of non-convertible debentures of the face value of Rs1,000 each amounting up to Rs 5,000 crore through one or more tranches, the company informed stock exchanges on Wednesday.

Adani Ports and Special Economic Zone Q4FY23 net profit grows 5.1% to Rs 1,158.88 cr

Mumbai: Adani Ports and Special Economic Zone (ASPEZ) reported a consolidated net profit of Rs 1,158.88 crore in the fourth quarter of FY23, marking a growth of 5.1% compared to Rs 1,102.61 crore in the same quarter of the previous year.

Adani Ports reports 9 pc growth in FY23, largest port cargo volume ever

Ahmedabad/IBNS: Adani Ports and Special Economic Zone Ltd (APSEZ) has reported a 9 percent growth in cargo handling in the seaports it runs for FY23 ended March 31.

ICRA revises outlook for two Adani companies to 'negative'

Ratings agency ICRA has changed the outlook for two Adani group companies, namely Adani Ports and Adani Total Gas, from "stable" to "negative".

TMILL, a subsidiary of Tata Steel sells its tug business to Adani Ports

Mumbai, Dec 7 (IBNS): Tata Steel Limited on Wednesday announced that its subsidiary, TM International Logistics Limited (TMILL) has divested entire stake in its wholly owned step down subsidiary TM Harbour Services Pvt. Ltd. (TMHSPL) to Adani Ports and Special Economic Zone Limited (APSEZ) for a total consideration of Rs. 106 crore in an all cash deal.