Adani Ports & Special Economic Zone Ltd (ADANIPORTS)

Adani Ports Gains on Government Support and Modi Stocks in Limelight - 23 Jul, 2024

Adani Ports & Special Economic Zone Ltd gained after the Indian government pledged financial support for the fisheries sector. Additionally, Adani Ports is among the 'Modi stocks' expected to be in the limelight following a recent subdued performance.

Adani Ports' Rating Upgraded by ICRA - 19 Jul, 2024

Rating agency ICRA has upgraded Adani Ports and Special Economic Zone Ltd.'s rating to AAA/stable from AA+/stable, indicating a positive outlook for the company. Additionally, the company is expected to benefit from government initiatives aimed at improving port infrastructure.

Adani Ports Rating Upgraded by ICRA - 18 Jul, 2024

ICRA has upgraded the ratings of Adani Ports and Special Economic Zone Ltd's long-term fund-based/non-fund-based instruments worth Rs 10,020 crore and non-convertible debentures worth Rs 17,000 crore to AAA with a stable outlook. The short-term commercial papers worth Rs 6,700 crore have been reaffirmed at A1+. APSEZ reported a 77% YoY jump in consolidated net profit to Rs 2,014.77 crore for Q1 FY25.

Adani Ports Aims to Double International Traffic by 2030 - 16 Jul, 2024

Adani Ports and SEZ aims to double its international traffic share by 2030, with Indian operations expected to double in volume within five years. The company plans to transform into a global ports hub, with revenue from the ports segment growing to Rs 20,972 crore in FY24.

Adani Ports Expands Operations in Vietnam and India - 15 Jul, 2024

Adani Ports receives in-principle approval for a greenfield development in Da Nang, Vietnam. The company's Vizhinjam port in Kerala is set to handle one million TEUs per annum. Axis Direct gives a buy rating on Adani Ports.

Adani Ports Plans to Build State-of-the-Art Port in Vietnam - 14 Jul, 2024

Adani Ports and Special Economic Zone Ltd. has received approval from the Vietnamese government for a greenfield development in Da Nang, marking its fourth international port. The company aims to double its volume from international operations by 2030 and is eyeing opportunities in Southeast Asia, East Africa, and other regions pivotal to India's trade.

Adani Ports Expands with Investments in Vizhinjam and Vietnam - 13 Jul, 2024

Adani Ports is doubling its investment in Vizhinjam mega port to $2.4bn and has received approval for a new greenfield development in Vietnam. The company plans to capture transshipment traffic and reduce India's reliance on overseas ports. Additionally, Adani and the Kerala government will invest Rs 20,000 crore in a PPP mode for transshipment hub development at Vizhinjam. Meanwhile, Adani Ports expresses interest in acquiring Container Corporation of India at the right value.

Adani Ports' Vizhinjam Port Welcomes First Mothership - 12 Jul, 2024

Adani Ports' Vizhinjam Port welcomed its first mothership, positioning it as a critical player in international trade routes. The port is set to receive a total investment of Rs 20,000 crore by 2028 and will reduce logistics costs and time for Indian manufacturers.

Adani Ports Receives Supreme Court Relief and Begins Trial Operations at Vizhinjam Port - 11 Jul, 2024

The Supreme Court stayed an order for Adani Ports & SEZ to return grazing land near Mundra port. Meanwhile, the Vizhinjam International Seaport received its first mothership, starting trial operations. The port is expected to become one of Asia's busiest ports and trans-shipment hubs.

Adani Ports Receives LoI for Berth Development, Supreme Court Grants Interim Relief on Land Recovery Directive - 10 Jul, 2024

Adani Ports & Special Economic Zone Ltd receives a letter of intent for the development, operation, and maintenance of Berth No. 13 at Deendayal Port. The company also gains interim relief from the Supreme Court regarding land recovery directives. Gautam Adani plans to expand Mundra port and build green ships. Shares gained nearly 1 percent on July 10.

Adani Ports Expands Infrastructure Portfolio - 09 Jul, 2024

Adani Ports and Special Economic Zone Limited (APSEZ) expands its infrastructure portfolio by securing a 30-year concession to develop, operate, and maintain Berth No. 13 at Deendayal Port and planning to launch shipbuilding operations at the flagship Mundra Port.

Adani Ports Reports Strong Cargo Volume Growth - 02 Jul, 2024

Adani Ports and Special Economic Zone Limited (APSEZ) reported a 12% YoY surge in cargo volumes for June, primarily driven by containers and liquids & gas. The company was also granted an extension to complete dredging activities at Muthalappozhi harbour. Hindenburg Research received a show cause notice from SEBI in the Adani Group case. APSEZ's Q1 FY25 total cargo volume rose 7.5% YoY.

Adani Ports Receives Buy Rating from Motilal Oswal - 01 Jul, 2024

Motilal Oswal has recommended a 'Buy' rating for Adani Ports & SEZ (APSEZ) with a target price of INR 1,700. The company is expected to continue gaining market share and record an 11% volume growth over FY24-26.

Adani Ports Awaits Award for L1 Bidder Status - 30 Jun, 2024

Adani Ports and SEZ Ltd (APSEZ) is still waiting for an award after emerging as the L1 bidder in October 2022. Adani officials remain committed to the project and are in touch with the state administration.

Adani Ports Receives Outlook Upgrade from S&P Global Ratings - 27 Jun, 2024

S&P Global Ratings has upgraded the outlook of Adani Ports & Special Economic Zone Ltd. to Positive from Stable, while reaffirming its BBB- rating. The ratings agency cited greater scale and diversification leading to resilient earnings growth and cash flow at Adani Ports as reasons for the upgrade.

Adani Ports Receives Positive Outlook from S&P - 26 Jun, 2024

Adani Ports receives a positive outlook from S&P after the ratings agency revised its outlook to Positive from Stable. The company's improving financials are expected to help accommodate high capital expenditure, while its diversified portfolio reduces concentration at Mundra port. Additionally, Adani Green Energy plans to ramp up its renewable energy capacity to 50 GW by 2030 with a significant investment in renewables.

Adani Ports Replaces Wipro on BSE Sensex; Features on Honour List for Investors Engagement - 24 Jun, 2024

Adani Ports & Special Economic Zone Ltd replaced Wipro on the BSE Sensex, receiving inflows worth $259 million. The company also featured on the Institutional Investor Asia Pacific (ex-Japan) Executive Team Survey honour list for investors engagement, coming in at 2nd rank in the transportation sector.