GQG Partners bought 2.2 million shares of Adani Ports, increasing its ownership of the business to 5.03 per cent, the firm disclosed. Adani Ports And Special Economic Zone already has a 4.93 per cent share owned by the investment company. Days prior to the development, Deloitte’s auditor position with the corporation was terminated. As per […]
The the Board of Directors at Adani Ports and Special Economic Zone Limited has appointed M S K A and Associates, an independent member firm of BDO International, as the statutory auditors of the company to fill the vacancy caused by the resignation of Deloitte Haskins and Sells LLP. The new auditor will hold office […]
Adani Ports and Special Economic Zone, an Adani group firm, on Tuesday, reported a consolidated net profit of Rs 2,114.72 crore for the quarter that ended June 2023, which is 83 per cent higher compared with Rs 1,158.28 crore in the same quarter last year. Revenue from operations rose 23.51 per cent year-on-year (YoY) to […]
Mundra Port, the flagship port of Adani Ports and Special Economic Zone (APSEZ) achieved a significant accomplishment by berthing the 399 meters long and 54 meters wide vessel, MV MSC Hamburg, equaling 4 football fields, at Mundra port here, an official statement, issued by Adani Group, said on Sunday. The Adani Ports & Special Economic […]
Adani Ports and Special Economic Zone on Tuesday announced its results for the fourth quarter and the entire financial year 2022-23. Its net profits (Profit After Tax) increased three per cent in the January-March 2023 quarter to Rs 1,141 crore and 9 per cent for the entire year 2022-23 to Rs 5,393 crore. The Adani […]
Adani Ports and Special Economic Zone (APSEZ), a flagship company of the Adani Group on Wednesday said it has set a new benchmark by handling the highest-ever rail cargo of 120.51 million tonne (MT) in the financial year 2022-23, surpassing the previous best of 98.61 MT. The company said it was committed to providing end-to-end […]
Adani Ports and Special Economic Zone (APSEZ), a subsidiary of the Adani Group, announced on Tuesday that it would pay USD 130 million of its debt early, after roughly USD 413 million worth of debt had been tendered for early payment. In an effort to boost investors’ confidence after the conglomerate’s stock price plummeted early […]
Adani Ports and Special Economic Zone (APSEZ) said in an regulatory filing on Thursday that it has completed the sale of its Myanmar port Coastal International Terminals Pte for USD 30 million. In May 2022, APSEZ declared that it had signed a Share Purchase Agreement (SPA) for the sale of its Myanmar port. This decision […]
Adani Ports and Special Economic Zone (APSEZ) handled 32.3 million tonnes of total cargo in April 2023, a yearly growth of 12.8 per cent. According to the company, the growth in cargo volumes was supported by dry cargo volumes, which increased by 9 per cent (iron ore by 64 per cent, non-coking coal by 22 […]
The National Company Law Tribunal has approved the acquisition of Karaikal Port (KPPL) by the Adani Ports and Special Economic Zone (APSEZ), the largest transport utility in India, the Adani Group firm said on Monday. Earlier, APSEZ was declared as the successful resolution applicant under the Corporate Insolvency Resolution Process (CIRP) of KPPL. The amount […]
