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The Latest Breaking News from APSEZ

Govt approval mandatory for Adani stake transfer in Vizhinjam port: Kerala CM

Kerala Chief Minister V.D. Satheesan stated that Adani Ports requires state government approval to transfer its shares in the Vizhinjam International Seaport. This clarification follows reports of Switzerland-based MSC acquiring a 49% stake for approximately USD 1.4 billion. Satheesan emphasized that no such approval request has been received by the…

The Economic Times

MSC-Adani deal: Vizhinjam port can generate Rs 1,410 crore EBITDA, says Axis Capital

Axis Capital expects Vizhinjam port to become a major earnings driver for Adani Ports & SEZ, estimating it could generate around Rs 1,410 crore in EBITDA after the Phase 2 expansion. The brokerage believes MSC's $1.4 billion investment strengthens volume visibility while reinforcing the port's long-term strategic and valuation potential.

The Economic Times

Adani Ports says MSC’s terminal arm TiL will invest $1.4 billion for 49% stake in Vizhinjam Port

Adani Ports has partnered with MSC Group's TiL, which will invest $1.397 billion for a 49% stake in Vizhinjam Port. This significant foreign investment aims to bolster Vizhinjam's role as a major transshipment hub in the Indian Ocean. The collaboration is expected to boost cargo volumes and enhance India's global…

The Economic Times

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Adani Ports to invest up to $100 million with Kaleris to accelerate terminal automation

Adani Ports is partnering with Kaleris to deploy AI-powered systems across its container terminals. This expansion aims to significantly increase cargo handling capacity by 2030. The technology will enhance operational efficiency and customer experience. This digital upgrade supports Adani Ports' ambitious growth plans and its goal to handle one billion…

The Economic Times

Dividend rush! Buy these 5 Adani stocks, 4 Tata Group stocks today to lap up payout rewards

More than 30 companies, including five Adani Group firms and four Tata Group companies, have fixed June 12 as the record date for dividend payouts totaling nearly ₹300 per share. Investors looking to qualify for these dividends must buy the shares by June 11.

The Economic Times

Adani Ports bags 10-year contract for Argentina’s first LNG export project

Adani Ports has secured a significant 10-year contract for Argentina's first liquefied natural gas export project. This deal, worth an estimated $70 million, marks Adani's entry into South America. Commercial operations are set to begin in September 2027. The project is poised to boost Argentina's role as a future LNG…

The Economic Times

Dalmia Bharat nears deal for JAL cement assets after Adani insolvency takeover: sources

Dalmia Bharat is set to acquire Jaiprakash Associates' cement assets for over Rs 2,500 crore. This follows Adani Group's acquisition of Jaiprakash Associates under insolvency. The deal settles past disputes. Adani Ports is also acquiring a fertilizer holding company. Adani Power has acquired Jaiprakash Associates' power assets. These moves signal…

The Economic Times

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Adani Ports to acquire indirect control of Kanpur Fertilizers for Rs 1,500 crore under Jaiprakash Associates resolution plan

Adani Ports will acquire Jaypee Fertilizers & Industries for Rs 1,500 crore. This deal gives Adani Ports control of land in Kanpur. This land is suitable for a large logistics park. The acquisition will boost Adani Ports' inland logistics network in North India. It supports their plan to expand multimodal…

The Economic Times

Adani Group is jumping into Europe's deep waters. What can happen

Adani Ports is making a significant leap beyond traditional port operations, venturing into Europe's complex offshore and subsea market. Through a new partnership with Oceaneering International and its Astro Offshore arm, the company aims to become a global maritime infrastructure and offshore-services platform, focusing on deepwater engineering and underwater infrastructure…

The Economic Times

Adani Ports bets Rs 13,000 crore by FY31 for Europe subsea expansion

Adani Ports is expanding its marine services into Europe. Its platform Astro Offshore has partnered with Oceaneering International. This move targets specialized subsea and offshore services. The company plans significant capital expenditure to build a large global marine fleet. This expansion aims to create a major integrated marine platform.

The Economic Times

India’s finance ministry ‘pushed’ for LIC investments in Adani Group: WaPo report

Officials of India’s finance ministry fast-tracked a proposal in May this year to direct approximately $3.9 billion in investments from the Life Insurance Corporation of India, a state-owned insurance and investment company, to an Adani group firm despite being aware of the risks, The Washington Post has reported.

Newslaundry

Where Modi goes, Adani follows: Inside the billionaire’s latest deal in Qatar

Days before the Emir of Qatar, Tamim bin Hammad Thani, arrived in India to a warm welcome from Prime Minister Narendra Modi, an Adani company and a Qatar company signed a joint venture that increases Gautam Adani’s footprint in maritime operations in the Gulf region – a morale booster for…

Newslaundry

Adani Group to pay ₹1 crore as compensation to family of road accident victim

Adani Ports to compensate family of accident victim with ₹1 crore; district tightens enforcement measures to prevent future accidents.

The Hindu

Only 55% of Vizhinjam port work completed; commissioning in May unlikely

Though the Adani Ports and Special Economic Zone Ltd (APSEZ) is hopeful of completing the much-touted and delayed international container transshipment port at Vizhinjam by May 2024, it is unlikely given the current pace of the port work.

The Hindu

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The Times of India

Adani Ports enters Bengal with Rs 298 crore Haldia project

NEW DELHI: Adani Ports and Special Economic Zone (APSEZ) subsidiary HDC Bulk Terminal Ltd will modernise the Haldia port in West Bengal at an estimated cost of Rs 298 crore, marking the Ahmedabad-based conglomerate’s entry in the state’s ports sector.

The Times of India

Adani Logistics to acquire ICD Tumb from Navkar Corporation for Rs 835 crore

NEW DELHI: Adani Logistics, a wholly-owned subsidiary of Adani Ports and Special Economic Zone Ltd, on Tuesday said it has signed a definitive agreement to acquire ICD Tumb (Vapi) from Navkar Corporation for Rs 835 crore.

The Times of India

Adani highest bidder for West Bengal's Tajpur deep-sea port

KOLKATA: India's largest private port operator Adani Ports and SEZ (APSEZ) Ltd has emerged as the highest bidder for the West Bengal government's greenfield deep-sea port project at Tajpur in a neck-to-neck fight with JSW Group, a source said on Friday.

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