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Adani Ports Crosses 500 MMT Cargo Milestone In FY26
April 2 (Reuters) - Adani Ports and Special Economic Zone Ltd APSE.NS:
ADANI PORTS - CROSSES 500 MMT CARGO MILESTONE IN FY26
ADANI PORTS - HAIFA PORT DELIVERED 0.77 MMT IN MAR'26
ADANI PORTS - DURING MAR'26, APSEZ HANDLED ITS HIGHEST EVER MONTHLY CARGO VOLUME AT 46 MMT , UP 11% YOY
Source text: ID:nBSE2jSpr4
Further company coverage: APSE.NS
April 2 (Reuters) - Adani Ports and Special Economic Zone Ltd APSE.NS:
ADANI PORTS - CROSSES 500 MMT CARGO MILESTONE IN FY26
ADANI PORTS - HAIFA PORT DELIVERED 0.77 MMT IN MAR'26
ADANI PORTS - DURING MAR'26, APSEZ HANDLED ITS HIGHEST EVER MONTHLY CARGO VOLUME AT 46 MMT , UP 11% YOY
Source text: ID:nBSE2jSpr4
Further company coverage: APSE.NS
AAHL, Blinkit Launch India’S First In-Terminal Quick Commerce Service At Mumbai Airport- Statement
April 1 (Reuters) - Ambuja Cements Ltd ABUJ.NS:
AAHL, BLINKIT LAUNCH INDIA’S FIRST IN-TERMINAL QUICK COMMERCE SERVICE AT MUMBAI AIRPORT- STATEMENT
Source text: [ID:]
Further company coverage: ABUJ.NS
April 1 (Reuters) - Ambuja Cements Ltd ABUJ.NS:
AAHL, BLINKIT LAUNCH INDIA’S FIRST IN-TERMINAL QUICK COMMERCE SERVICE AT MUMBAI AIRPORT- STATEMENT
Source text: [ID:]
Further company coverage: ABUJ.NS
Adani Ports Sets Up India's First Port Of Refuge For Maritime Safety
March 27 (Reuters) - Adani Ports and Special Economic Zone Ltd APSE.NS:
APSEZ SETS UP INDIA'S FIRST PORT OF REFUGE TO BOOST MARITIME SAFETY
APSEZ WILL DESIGNATE TWO SITES AS POR: DIGHI PORT ON WEST COAST, GOPALPUR PORT ON EAST COAST
Source text: ID:nBSE59Sfbt
Further company coverage: APSE.NS
March 27 (Reuters) - Adani Ports and Special Economic Zone Ltd APSE.NS:
APSEZ SETS UP INDIA'S FIRST PORT OF REFUGE TO BOOST MARITIME SAFETY
APSEZ WILL DESIGNATE TWO SITES AS POR: DIGHI PORT ON WEST COAST, GOPALPUR PORT ON EAST COAST
Source text: ID:nBSE59Sfbt
Further company coverage: APSE.NS
Adani Ports To Be One Of The Entities For Insolvency Resolution Plan Of Jaiprakash Associates Limited
March 19 (Reuters) - Adani Ports and Special Economic Zone Ltd APSE.NS:
ADANI PORTS- TO BE ONE OF THE ENTITIES FOR INSOLVENCY RESOLUTION PLAN OF JAIPRAKASH ASSOCIATES LIMITED
Source text: ID:nBSE15JbFl
Further company coverage: APSE.NS
March 19 (Reuters) - Adani Ports and Special Economic Zone Ltd APSE.NS:
ADANI PORTS- TO BE ONE OF THE ENTITIES FOR INSOLVENCY RESOLUTION PLAN OF JAIPRAKASH ASSOCIATES LIMITED
Source text: ID:nBSE15JbFl
Further company coverage: APSE.NS
Adani Group Says Mundra Port Welcomed The Indian-Flagged Vessels Shivalik, Carrying 46,000 MT Of Lpg, And Jag Laadki, Carrying 80,886 MT Of Crude Oil
March 18 (Reuters) -
ADANI GROUP: MUNDRA PORT WELCOMED THE INDIAN-FLAGGED VESSELS SHIVALIK, CARRYING 46,000 MT OF LPG, AND JAG LAADKI, CARRYING 80,886 MT OF CRUDE OIL
Source text: https://tinyurl.com/hkzz9yex
Further company coverage: ADEL.NS
March 18 (Reuters) -
ADANI GROUP: MUNDRA PORT WELCOMED THE INDIAN-FLAGGED VESSELS SHIVALIK, CARRYING 46,000 MT OF LPG, AND JAG LAADKI, CARRYING 80,886 MT OF CRUDE OIL
Source text: https://tinyurl.com/hkzz9yex
Further company coverage: ADEL.NS
Adani Ports Handles 42.5 MMT Cargo In Feb'26
March 2 (Reuters) - Adani Ports and Special Economic Zone Ltd APSE.NS:
ADANI PORTS - HANDLES 42.5 MMT CARGO IN FEB'26, UP 16% YOY
ADANI PORTS - LOGISTICS RAIL VOLUME DURING FEB'26 STOOD AT 52,101 TEUS
Source text: ID:nBSE9jQk2G
Further company coverage: APSE.NS
March 2 (Reuters) - Adani Ports and Special Economic Zone Ltd APSE.NS:
ADANI PORTS - HANDLES 42.5 MMT CARGO IN FEB'26, UP 16% YOY
ADANI PORTS - LOGISTICS RAIL VOLUME DURING FEB'26 STOOD AT 52,101 TEUS
Source text: ID:nBSE9jQk2G
Further company coverage: APSE.NS
Adani Ports Says Astro Offshore Incorporated Subsidiary Astro Offshore Me
Feb 24 (Reuters) - Adani Ports and Special Economic Zone Ltd APSE.NS:
ASTRO OFFSHORE INCORPORATED SUBSIDIARY ASTRO OFFSHORE ME
Source text: ID:nBSEbw9qSS
Further company coverage: APSE.NS
Feb 24 (Reuters) - Adani Ports and Special Economic Zone Ltd APSE.NS:
ASTRO OFFSHORE INCORPORATED SUBSIDIARY ASTRO OFFSHORE ME
Source text: ID:nBSEbw9qSS
Further company coverage: APSE.NS
India New Issue-Adani Ports accepts bids for 5-year bonds, bankers say
MUMBAI, Feb 20 (Reuters) - India's Adani Ports and Special Economic Zone APSE.NS accepted bids worth 10 billion rupees ($109.92 million) in a sale of bonds maturing in five years, three bankers said on Friday.
It will pay a coupon of 7.52% and had invited commitment bids for the issue earlier in the day, they said.
The company did not immediately respond to a Reuters email seeking comment.
Here is the list of deals reported so far on February 20:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Adani Ports and Special Economic Zone | 5 years | 7.52 | 10 | February 20 | AAA(Crisil, care) |
Shriram Pistons | 18 months | 7.30 (quarterly) | 5 | February 20 | AA+ (India Ratings) |
Shriram Pistons | 2 years | 7.35 (quarterly) | 5 | February 20 | AA+ (India Ratings) |
*Size includes base plus greenshoe for some issues
($1 = 90.9760 Indian rupees)
(Reporting by Dharamraj Dhutia and Khushi Malhotra; Editing by Nivedita Bhattacharjee)
MUMBAI, Feb 20 (Reuters) - India's Adani Ports and Special Economic Zone APSE.NS accepted bids worth 10 billion rupees ($109.92 million) in a sale of bonds maturing in five years, three bankers said on Friday.
It will pay a coupon of 7.52% and had invited commitment bids for the issue earlier in the day, they said.
The company did not immediately respond to a Reuters email seeking comment.
Here is the list of deals reported so far on February 20:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Adani Ports and Special Economic Zone | 5 years | 7.52 | 10 | February 20 | AAA(Crisil, care) |
Shriram Pistons | 18 months | 7.30 (quarterly) | 5 | February 20 | AA+ (India Ratings) |
Shriram Pistons | 2 years | 7.35 (quarterly) | 5 | February 20 | AA+ (India Ratings) |
*Size includes base plus greenshoe for some issues
($1 = 90.9760 Indian rupees)
(Reporting by Dharamraj Dhutia and Khushi Malhotra; Editing by Nivedita Bhattacharjee)
Adani Ports And Port Of Marseille Fos Sign Strategic IMEC Partnership
Feb 18 (Reuters) - Adani Ports and Special Economic Zone Ltd APSE.NS:
ADANI PORTS & SEZ AND PORT OF MARSEILLE FOS SIGN STRATEGIC IMEC PARTNERSHIP
PARTNERSHIP PROPOSES CREATION OF CLUB FOR COORDINATION AMONG KEY PORTS ALONG IMEC ROUTE
Source text: ID:nBSE7p5m1y
Further company coverage: APSE.NS
Feb 18 (Reuters) - Adani Ports and Special Economic Zone Ltd APSE.NS:
ADANI PORTS & SEZ AND PORT OF MARSEILLE FOS SIGN STRATEGIC IMEC PARTNERSHIP
PARTNERSHIP PROPOSES CREATION OF CLUB FOR COORDINATION AMONG KEY PORTS ALONG IMEC ROUTE
Source text: ID:nBSE7p5m1y
Further company coverage: APSE.NS
Adani Ports Approves Tender Offer To Buy Up To $345.1 Million In Principal Amount Of Outstanding 4.0% Senior Notes Due 2027
Feb 9 (Reuters) - Adani Ports and Special Economic Zone Ltd APSE.NS:
ADANI PORTS: APPROVES TENDER OFFER TO BUY FOR CASH UP TO $345.1 MILLION IN PRINCIPAL AMOUNT OF OUTSTANDING 4.0% SENIOR NOTES DUE 2027
ADANI PORTS: APPROVES TENDER OFFER TO BUY $150 MILLION IN PRINCIPAL AMOUNT OF OUTSTANDING $500 MILLION 3.10% SENIOR NOTES DUE 2031
Source text: ID:nBSE9BP1Zf
Further company coverage: APSE.NS
Feb 9 (Reuters) - Adani Ports and Special Economic Zone Ltd APSE.NS:
ADANI PORTS: APPROVES TENDER OFFER TO BUY FOR CASH UP TO $345.1 MILLION IN PRINCIPAL AMOUNT OF OUTSTANDING 4.0% SENIOR NOTES DUE 2027
ADANI PORTS: APPROVES TENDER OFFER TO BUY $150 MILLION IN PRINCIPAL AMOUNT OF OUTSTANDING $500 MILLION 3.10% SENIOR NOTES DUE 2031
Source text: ID:nBSE9BP1Zf
Further company coverage: APSE.NS
India's Adani Ports posts quarterly profit rise on strong cargo volumes, appoints new CFO
Feb 3 (Reuters) - India's Adani Ports and Special Economic Zone APSE.NS, reported a higher third-quarter profit on Tuesday, reflecting strong volume growth, and appointed Sreedhar Krishna Menon as its new chief financial officer.
The company, India's largest private port operator by volume, said its consolidated net profit rose 21% to 30.54 billion rupees ($338.02 million) for the quarter ended December 31, up from 25.20 billion rupees a year ago.
($1 = 90.3500 Indian rupees)
(Reporting by Komal Salecha in Bengaluru)
Feb 3 (Reuters) - India's Adani Ports and Special Economic Zone APSE.NS, reported a higher third-quarter profit on Tuesday, reflecting strong volume growth, and appointed Sreedhar Krishna Menon as its new chief financial officer.
The company, India's largest private port operator by volume, said its consolidated net profit rose 21% to 30.54 billion rupees ($338.02 million) for the quarter ended December 31, up from 25.20 billion rupees a year ago.
($1 = 90.3500 Indian rupees)
(Reporting by Komal Salecha in Bengaluru)
Adani Ports Handles 44.8 MMT Cargo In January 2026, Up 12% YoY
Feb 2 (Reuters) - Adani Ports and Special Economic Zone Ltd APSE.NS:
HANDLES 44.8 MMT CARGO IN JANUARY 2026, UP 12% YOY
Source text: ID:nBSE81v2Zh
Further company coverage: APSE.NS
Feb 2 (Reuters) - Adani Ports and Special Economic Zone Ltd APSE.NS:
HANDLES 44.8 MMT CARGO IN JANUARY 2026, UP 12% YOY
Source text: ID:nBSE81v2Zh
Further company coverage: APSE.NS
US SEC fraud case against Gautam Adani can proceed after procedural matter resolved
.
By Jonathan Stempel
NEW YORK, Jan 30 (Reuters) - The U.S. Securities and Exchange Commission has arranged to serve Gautam Adani with a civil fraud lawsuit, allowing the regulator's case against India's second-richest person to proceed.
In a Friday filing in the Brooklyn, New York federal court, the SEC and U.S.-based lawyers for Adani and his nephew Sagar Adani said the lawyers agreed to accept the SEC's legal papers, eliminating the need for U.S. District Judge Nicholas Garaufis to rule on how the defendants should be served.
If the judge approves the resolution, the Adanis will have 90 days to respond to the SEC's complaint, which could include requests for a dismissal.
Robert Giuffra, a lawyer for Gautam Adani, declined to comment. Sean Hecker, a lawyer for Sagar Adani, also declined to comment.
The SEC charged the Adanis in November 2024 with violating U.S. securities law by orchestrating a scheme to pay or promise to pay hundreds of millions of dollars in bribes to Indian government officials to benefit Adani Green Energy ADNA.NS, where both are executives and directors.
Both defendants are in India, and the SEC had reported difficulty in serving them with legal papers.
U.S. prosecutors filed a related criminal case in November 2024 against the Adanis and several other defendants. There have been no public developments in that case for more than a year. The SEC's case had been stalled for most of that time.
Gautam Adani, 63, founded and chairs the conglomerate Adani Group. He is worth about $59 billion according to Forbes magazine.
(Reporting by Jonathan Stempel; Editing by Hugh Lawson)
.
By Jonathan Stempel
NEW YORK, Jan 30 (Reuters) - The U.S. Securities and Exchange Commission has arranged to serve Gautam Adani with a civil fraud lawsuit, allowing the regulator's case against India's second-richest person to proceed.
In a Friday filing in the Brooklyn, New York federal court, the SEC and U.S.-based lawyers for Adani and his nephew Sagar Adani said the lawyers agreed to accept the SEC's legal papers, eliminating the need for U.S. District Judge Nicholas Garaufis to rule on how the defendants should be served.
If the judge approves the resolution, the Adanis will have 90 days to respond to the SEC's complaint, which could include requests for a dismissal.
Robert Giuffra, a lawyer for Gautam Adani, declined to comment. Sean Hecker, a lawyer for Sagar Adani, also declined to comment.
The SEC charged the Adanis in November 2024 with violating U.S. securities law by orchestrating a scheme to pay or promise to pay hundreds of millions of dollars in bribes to Indian government officials to benefit Adani Green Energy ADNA.NS, where both are executives and directors.
Both defendants are in India, and the SEC had reported difficulty in serving them with legal papers.
U.S. prosecutors filed a related criminal case in November 2024 against the Adanis and several other defendants. There have been no public developments in that case for more than a year. The SEC's case had been stalled for most of that time.
Gautam Adani, 63, founded and chairs the conglomerate Adani Group. He is worth about $59 billion according to Forbes magazine.
(Reporting by Jonathan Stempel; Editing by Hugh Lawson)
Adani group firms shed $12.5 billion market cap after SEC seeks court nod to serve summonses
Adani group stocks down 3.4% to 14.54%
US SEC asks court for help in serving summonses on Gautam Adani, nephew
Adani group has called allegations 'baseless'
Adds Adani group statements, paragraphs 11-12
By Urvi Dugar
Jan 23 (Reuters) - India's Adani group firms shed $12.5 billion in market cap on Friday, after a U.S. markets regulator asked a court for help in serving summonses upon founder Gautam Adani and group executive Sagar Adani over alleged fraud and a $265 million bribery scheme.
Reuters reported the procedural request from the U.S. Securities and Exchange Commission, in the regulator's civil case against the Adanis, on Thursday after the Indian markets closed.
On Friday, the group's flagship company, Adani Enterprises ADEL.NS, was the top percentage loser on India's benchmark Nifty 50 .NSEI. While the firm's shares fell 10.65% to 1,864.2 rupees, the Nifty declined 0.95% at close.
Group shares settled down between 3.4% and 14.54%.
U.S. authorities in November 2024 accused Adani group executives of being part of a scheme to pay bribes to Indian officials for buying electricity produced by Adani Green Energy ADNA.NS, a unit of the Adani group.
The SEC's civil case against Gautam Adani and his nephew Sagar Adani is separate from the U.S. Department of Justice's criminal indictment against the Adanis and several other defendants. The Justice Department case remains open, court records show.
U.S. law prohibits foreign companies that raise money from American investors from paying bribes overseas to secure business, and it also bars them from soliciting investment on the basis of false or misleading statements.
Serving a summons is often routine, but the SEC said India's government had refused two requests to have its summonses served on the Adanis.
The regulator asked a judge to instead let it serve the summonses on the Adanis' U.S.-based lawyers, and email copies to the Adanis.
U.S. civil procedural rules allow this method of service, the SEC said. "Given defendants’ actual knowledge of this litigation -- demonstrated by public statements, regulatory filings, and retention of U.S. counsel -- email service to their business addresses will provide effective notice," the SEC added.
Adani group has called the allegations "baseless" and said that it would seek "all possible legal recourse" to defend itself. In statements to Indian stock exchanges late on Friday, group firms referred to the same response from November 2024. Adani Green Energy ADNA.NS, Adani Ports APSE.NS, Adani Total Gas ADAG.NS and Adani Enterprises ADEL.NS added that the companies are not party to the proceedings and that no allegations or charges have been made against them.
"Market participants assumed there's nothing pending and that the group has been cleared, so the SEC filing seems (to have come) out of the blue," said Ambareesh Baliga, an independent market analyst.
With no clear timeline for the next steps, Baliga said he expects the issue could linger for at least another fortnight, noting that overall market sentiment was already weak.
(Reporting by Urvi Dugar and Bharath Rajeswaran in Bengaluru; Editing by Mrigank Dhaniwala, Noeleen Walder and Daniel Wallis)
((UrviManoj.Dugar@thomsonreuters.com; +91 9558725583;))
Adani group stocks down 3.4% to 14.54%
US SEC asks court for help in serving summonses on Gautam Adani, nephew
Adani group has called allegations 'baseless'
Adds Adani group statements, paragraphs 11-12
By Urvi Dugar
Jan 23 (Reuters) - India's Adani group firms shed $12.5 billion in market cap on Friday, after a U.S. markets regulator asked a court for help in serving summonses upon founder Gautam Adani and group executive Sagar Adani over alleged fraud and a $265 million bribery scheme.
Reuters reported the procedural request from the U.S. Securities and Exchange Commission, in the regulator's civil case against the Adanis, on Thursday after the Indian markets closed.
On Friday, the group's flagship company, Adani Enterprises ADEL.NS, was the top percentage loser on India's benchmark Nifty 50 .NSEI. While the firm's shares fell 10.65% to 1,864.2 rupees, the Nifty declined 0.95% at close.
Group shares settled down between 3.4% and 14.54%.
U.S. authorities in November 2024 accused Adani group executives of being part of a scheme to pay bribes to Indian officials for buying electricity produced by Adani Green Energy ADNA.NS, a unit of the Adani group.
The SEC's civil case against Gautam Adani and his nephew Sagar Adani is separate from the U.S. Department of Justice's criminal indictment against the Adanis and several other defendants. The Justice Department case remains open, court records show.
U.S. law prohibits foreign companies that raise money from American investors from paying bribes overseas to secure business, and it also bars them from soliciting investment on the basis of false or misleading statements.
Serving a summons is often routine, but the SEC said India's government had refused two requests to have its summonses served on the Adanis.
The regulator asked a judge to instead let it serve the summonses on the Adanis' U.S.-based lawyers, and email copies to the Adanis.
U.S. civil procedural rules allow this method of service, the SEC said. "Given defendants’ actual knowledge of this litigation -- demonstrated by public statements, regulatory filings, and retention of U.S. counsel -- email service to their business addresses will provide effective notice," the SEC added.
Adani group has called the allegations "baseless" and said that it would seek "all possible legal recourse" to defend itself. In statements to Indian stock exchanges late on Friday, group firms referred to the same response from November 2024. Adani Green Energy ADNA.NS, Adani Ports APSE.NS, Adani Total Gas ADAG.NS and Adani Enterprises ADEL.NS added that the companies are not party to the proceedings and that no allegations or charges have been made against them.
"Market participants assumed there's nothing pending and that the group has been cleared, so the SEC filing seems (to have come) out of the blue," said Ambareesh Baliga, an independent market analyst.
With no clear timeline for the next steps, Baliga said he expects the issue could linger for at least another fortnight, noting that overall market sentiment was already weak.
(Reporting by Urvi Dugar and Bharath Rajeswaran in Bengaluru; Editing by Mrigank Dhaniwala, Noeleen Walder and Daniel Wallis)
((UrviManoj.Dugar@thomsonreuters.com; +91 9558725583;))
India's SBI MF to take at least 10% of Adani Group's biggest rupee bond issue, bankers say
Updates with more details
By Dharamraj Dhutia and Khushi Malhotra
MUMBAI, Jan 21 (Reuters) - State Bank of India's mutual fund unit has committed to pick up at least 10% of Adani Power's ADAN.NS nearly $820 million rupee-denominated bond issue, likely to be launched later this week, three merchant bankers said on Wednesday.
The mutual fund, India's biggest in terms of assets under management, is acting as one of the anchor investors for the issue, with a commitment of 7.50 billion rupees, the bankers said, requesting anonymity as they are not authorised to speak to the media.
The planned 75 billion-rupee issue would be the group's largest-ever rupee bond sale.
SBI Mutual Fund and Adani Power did not respond to email queries.
Adani Power is looking to raise 28.60 billion rupees through a two-year option and 26.90 billion rupees via a three-year note.
SBI MF will buy 4.50 billion rupees and three billion rupees of these papers as the anchor investor, the bankers said.
The Adani unit will pay a coupon of 8.00% and 8.20% on the two- and three-year bonds, and 8.30% and 8.40% on four- and five-year papers.
The remaining 6.75 billion rupees and 12.75 billion rupees will be raised through four- and five-year papers, respectively, the bankers said.
Trust Investment Advisors, ICICI Bank and Axis Bank are the arrangers for the issue.
The lenders have will also back the issue by providing commitments worth 3.31 billion rupees and 3 billion rupees, respectively, the bankers said.
The banks did not reply to an email seeking comment.
The bonds are rated 'AA' by Crisil and India Ratings, with the coupons set to step up by 25 basis points for every notch rating downgrade.
Earlier this financial year, another group company, Adani Ports and Special Economic Zone APSE.NS, raised 50 billion rupees by placing 15-year bonds directly with Life Insurance Corporation of India LIFI.NS.
($1 = 91.5630 Indian rupees)
(Reporting by Dharamraj Dhutia and Khushi Malhotra; Editing by Sonia Cheema)
Updates with more details
By Dharamraj Dhutia and Khushi Malhotra
MUMBAI, Jan 21 (Reuters) - State Bank of India's mutual fund unit has committed to pick up at least 10% of Adani Power's ADAN.NS nearly $820 million rupee-denominated bond issue, likely to be launched later this week, three merchant bankers said on Wednesday.
The mutual fund, India's biggest in terms of assets under management, is acting as one of the anchor investors for the issue, with a commitment of 7.50 billion rupees, the bankers said, requesting anonymity as they are not authorised to speak to the media.
The planned 75 billion-rupee issue would be the group's largest-ever rupee bond sale.
SBI Mutual Fund and Adani Power did not respond to email queries.
Adani Power is looking to raise 28.60 billion rupees through a two-year option and 26.90 billion rupees via a three-year note.
SBI MF will buy 4.50 billion rupees and three billion rupees of these papers as the anchor investor, the bankers said.
The Adani unit will pay a coupon of 8.00% and 8.20% on the two- and three-year bonds, and 8.30% and 8.40% on four- and five-year papers.
The remaining 6.75 billion rupees and 12.75 billion rupees will be raised through four- and five-year papers, respectively, the bankers said.
Trust Investment Advisors, ICICI Bank and Axis Bank are the arrangers for the issue.
The lenders have will also back the issue by providing commitments worth 3.31 billion rupees and 3 billion rupees, respectively, the bankers said.
The banks did not reply to an email seeking comment.
The bonds are rated 'AA' by Crisil and India Ratings, with the coupons set to step up by 25 basis points for every notch rating downgrade.
Earlier this financial year, another group company, Adani Ports and Special Economic Zone APSE.NS, raised 50 billion rupees by placing 15-year bonds directly with Life Insurance Corporation of India LIFI.NS.
($1 = 91.5630 Indian rupees)
(Reporting by Dharamraj Dhutia and Khushi Malhotra; Editing by Sonia Cheema)
Adani Ports Says Rajkumar Beniwal Resigns As Director Of Adani Ports
Jan 19 (Reuters) - Adani Ports and Special Economic Zone Ltd APSE.NS:
ADANI PORTS - RAJKUMAR BENIWAL RESIGNS AS DIRECTOR OF ADANI PORTS
Source text: ID:nBSE8kVgdW
Further company coverage: APSE.NS
Jan 19 (Reuters) - Adani Ports and Special Economic Zone Ltd APSE.NS:
ADANI PORTS - RAJKUMAR BENIWAL RESIGNS AS DIRECTOR OF ADANI PORTS
Source text: ID:nBSE8kVgdW
Further company coverage: APSE.NS
Moody's Ratings Revises Adani Ports' Outlook To Stable Affirms Baa3 Ratings
Jan 15 (Reuters) -
MOODY'S RATINGS REVISES ADANI PORTS' OUTLOOK TO STABLE; AFFIRMS BAA3 RATINGS
Source text: ID:nMDY8zppj7
Further company coverage: APSE.NS
Jan 15 (Reuters) -
MOODY'S RATINGS REVISES ADANI PORTS' OUTLOOK TO STABLE; AFFIRMS BAA3 RATINGS
Source text: ID:nMDY8zppj7
Further company coverage: APSE.NS
Adani Ports Says Apsez Handles 41.9 Mmt Of Cargo In Dec'25
Jan 5 (Reuters) - Adani Ports and Special Economic Zone Ltd APSE.NS:
APSEZ HANDLES 41.9 MMT OF CARGO IN DEC'25
Source text: ID:nBSEB6rTV
Further company coverage: APSE.NS
Jan 5 (Reuters) - Adani Ports and Special Economic Zone Ltd APSE.NS:
APSEZ HANDLES 41.9 MMT OF CARGO IN DEC'25
Source text: ID:nBSEB6rTV
Further company coverage: APSE.NS
Adani Ports MD Karan Adani Says Adani Group Setting Up 48 MW Green Data Center In Telangana State With Investment Worth 25 Billion Rupees
Dec 8 (Reuters) - Adani Ports and Special Economic Zone Ltd APSE.NS:
ADANI PORTS MD KARAN ADANI: ADANI GROUP SETTING UP 48 MW GREEN DATA CENTER IN TELANGANA STATE WITH INVESTMENT WORTH 25 BILLION RUPEES
Source text: [ID:]
Further company coverage: APSE.NS
Dec 8 (Reuters) - Adani Ports and Special Economic Zone Ltd APSE.NS:
ADANI PORTS MD KARAN ADANI: ADANI GROUP SETTING UP 48 MW GREEN DATA CENTER IN TELANGANA STATE WITH INVESTMENT WORTH 25 BILLION RUPEES
Source text: [ID:]
Further company coverage: APSE.NS
Adani Group CFO Says We Are Not Raising Any Extra Funds For Acquisition Of Jaiprakash Associates Assets
Nov 28 (Reuters) -
ADANI GROUP CFO: WE ARE NOT RAISING ANY EXTRA FUNDS FOR ACQUISITION OF JAIPRAKASH ASSOCIATES ASSETS
Source text: [ID:]
Further company coverage: ADAG.NS
Nov 28 (Reuters) -
ADANI GROUP CFO: WE ARE NOT RAISING ANY EXTRA FUNDS FOR ACQUISITION OF JAIPRAKASH ASSOCIATES ASSETS
Source text: [ID:]
Further company coverage: ADAG.NS
India's Adani Ports posts quarterly profit rise on strong volumes
Adds details and background from paragraph 3 onwards
Nov 4 (Reuters) - India's Adani Ports and Special Economic Zone APSE.NS reported a rise in second-quarter profit on Tuesday, reflecting strong volume growth.
The company, India's largest private port operator by volume, said its consolidated net profit rose 27% to 31.09 billion rupees (about $354 million) in the quarter ended September 30 from a year ago.
Private port operators have benefitted from steady cargo movement to and from the country, driven by robust domestic commercial activity and consumption growth.
The Ahmedabad, Gujarat-based company's revenue from operations grew 30% year-on-year to 91.67 billion rupees.
Its total cargo volumes rose 12% to 124 million metric tonnes. It logged volume growth of 11% in the prior quarter, and 10% in the year-ago period.
Last month, smaller rival JSW Infrastructure JSWN.NS posted a rise in its second-quarter volumes, but profit declined due to a shortfall in its iron ore terminal as export demand for the commodity was low.
($1 = 87.8950 Indian rupees)
(Reporting by Manvi Pant and Urvi Dugar; Editing by Harikrishnan Nair)
Adds details and background from paragraph 3 onwards
Nov 4 (Reuters) - India's Adani Ports and Special Economic Zone APSE.NS reported a rise in second-quarter profit on Tuesday, reflecting strong volume growth.
The company, India's largest private port operator by volume, said its consolidated net profit rose 27% to 31.09 billion rupees (about $354 million) in the quarter ended September 30 from a year ago.
Private port operators have benefitted from steady cargo movement to and from the country, driven by robust domestic commercial activity and consumption growth.
The Ahmedabad, Gujarat-based company's revenue from operations grew 30% year-on-year to 91.67 billion rupees.
Its total cargo volumes rose 12% to 124 million metric tonnes. It logged volume growth of 11% in the prior quarter, and 10% in the year-ago period.
Last month, smaller rival JSW Infrastructure JSWN.NS posted a rise in its second-quarter volumes, but profit declined due to a shortfall in its iron ore terminal as export demand for the commodity was low.
($1 = 87.8950 Indian rupees)
(Reporting by Manvi Pant and Urvi Dugar; Editing by Harikrishnan Nair)
Adani Group stocks climb after SEBI dismisses Hindenburg allegations
Sept 19 (Reuters) - Adani Group stocks gained between 1% and 9.6% on Friday, a day after India's markets regulator dismissed short-seller Hindenburg Research's allegations of stock manipulation against billionaire Gautam Adani and his group.
Adani Power ADAN.NS led gains among the nine entities with its 9.6% climb. Adani Enterprises ADEL.NS, the flagship firm, rose 4.4%.
(Reporting by Anuran Sadhu and Kashish Tandon in Bengaluru; Editing by Harikrishnan Nair)
((Anuran.Sadhu@thomsonreuters.com; +91 8697274436;))
Sept 19 (Reuters) - Adani Group stocks gained between 1% and 9.6% on Friday, a day after India's markets regulator dismissed short-seller Hindenburg Research's allegations of stock manipulation against billionaire Gautam Adani and his group.
Adani Power ADAN.NS led gains among the nine entities with its 9.6% climb. Adani Enterprises ADEL.NS, the flagship firm, rose 4.4%.
(Reporting by Anuran Sadhu and Kashish Tandon in Bengaluru; Editing by Harikrishnan Nair)
((Anuran.Sadhu@thomsonreuters.com; +91 8697274436;))
India's SEBI dismisses Hindenburg allegations against Adani group
Adds responses in paragraph 4,5 and context 6,8,9
By Jayshree P Upadhyay
Mumbai, Sept 18 (Reuters) - The Securities and Exchange Board of India on Thursday dismissed allegations of stock manipulation against billionaire Gautam Adani and his group of companies made by U.S. short-seller Hindenburg Research.
SEBI began investigating Adani Group companies, including Adani Ports APSE.NS, Adani Power ADAN.NS and Adani Enterprises, in 2023 after Hindenburg accused them of using tax havens and failing to disclose transactions between related parties.
While the conglomerate denied wrongdoing, the accusations led to a $150-billion sell-off of the group's stock. The shares have since recovered.
"SEBI has reaffirmed what we have always maintained, that the Hindenburg claims were baseless. Transparency and integrity have always defined the Adani Group," Gautam Adani, chairman of Adani Group, said on X.
In January, Hindenburg Research founder Nathan Anderson announced he would disband the firm, citing the immense work toll. Reuters has reached out on the firm's and its founder's last known email addresses.
Short-sellers like Anderson bet against companies they believe have accounting issues, mismanagement or fraud, which they find usually after a long period of investigation.
The regulator had investigated the Adani conglomerate, its founders, offshore funds that invested in the company on 24 separate sets of violations, including insider trading, stock price manipulation and non-disclosure of related-party transactions.
SEBI said that the transactions between Adani group companies and companies flagged by Hindenburg could not be called related-party transactions and therefore did not violate regulatory norms on disclosures or constitute market manipulation.
In its report in January 2023, Hindenburg had alleged that Adani Ports & Special Economic Zone Ltd., Adani Power Ltd. and Adani Enterprises Ltd. had structured transactions with three other unrelated companies in a manner to conceal that they were actually between connected parties and ought to have been disclosed to investors.
The regulator dismissed these allegations and said that according to SEBI rules, these transactions did not happen between connected entities and hence did not require disclosures or the consent of minority investors.
The transactions happened in between April 2012 and March 2021 and SEBI had widened the ambit of disclosures of transactions between connected entities in 2022 and cannot apply its rules retroactively, the regulator noted.
(Reporting by Nishit Navin; Editing by Tasim Zahid, Joe Bavier and Ros Russell)
Adds responses in paragraph 4,5 and context 6,8,9
By Jayshree P Upadhyay
Mumbai, Sept 18 (Reuters) - The Securities and Exchange Board of India on Thursday dismissed allegations of stock manipulation against billionaire Gautam Adani and his group of companies made by U.S. short-seller Hindenburg Research.
SEBI began investigating Adani Group companies, including Adani Ports APSE.NS, Adani Power ADAN.NS and Adani Enterprises, in 2023 after Hindenburg accused them of using tax havens and failing to disclose transactions between related parties.
While the conglomerate denied wrongdoing, the accusations led to a $150-billion sell-off of the group's stock. The shares have since recovered.
"SEBI has reaffirmed what we have always maintained, that the Hindenburg claims were baseless. Transparency and integrity have always defined the Adani Group," Gautam Adani, chairman of Adani Group, said on X.
In January, Hindenburg Research founder Nathan Anderson announced he would disband the firm, citing the immense work toll. Reuters has reached out on the firm's and its founder's last known email addresses.
Short-sellers like Anderson bet against companies they believe have accounting issues, mismanagement or fraud, which they find usually after a long period of investigation.
The regulator had investigated the Adani conglomerate, its founders, offshore funds that invested in the company on 24 separate sets of violations, including insider trading, stock price manipulation and non-disclosure of related-party transactions.
SEBI said that the transactions between Adani group companies and companies flagged by Hindenburg could not be called related-party transactions and therefore did not violate regulatory norms on disclosures or constitute market manipulation.
In its report in January 2023, Hindenburg had alleged that Adani Ports & Special Economic Zone Ltd., Adani Power Ltd. and Adani Enterprises Ltd. had structured transactions with three other unrelated companies in a manner to conceal that they were actually between connected parties and ought to have been disclosed to investors.
The regulator dismissed these allegations and said that according to SEBI rules, these transactions did not happen between connected entities and hence did not require disclosures or the consent of minority investors.
The transactions happened in between April 2012 and March 2021 and SEBI had widened the ambit of disclosures of transactions between connected entities in 2022 and cannot apply its rules retroactively, the regulator noted.
(Reporting by Nishit Navin; Editing by Tasim Zahid, Joe Bavier and Ros Russell)
EXCLUSIVE-Adani-led Sri Lanka container terminal to double capacity ahead of deadline
Adani Group to double capacity of $840 mln Sri Lanka port by late 2026, says partner
Project proceeds despite Adani withdrawing request for $553 mln U.S. funding
Sri Lanka exploring new Adani renewable investments after $1 billion wind exit
By Krishna N. Das and Uditha Jayasinghe
COLOMBO, Sept 17 (Reuters) - India's Adani Group and its partners are set to double the capacity of a $840 million container terminal in Colombo months ahead of schedule, despite relinquishing $553 million in U.S. funding, an executive at partner firm John Keells Holdings JKH.CM told Reuters.
The deepwater Colombo West International Terminal, located next to a facility run by China Merchants Port Holdings 0144.HK, underscores Sri Lanka's geopolitical significance in the tug-of-war for Indian Ocean influence between New Delhi and Beijing.
Adani opened the first phase of the fully automated terminal in April, making it operational. The second and final phase is underway and expected to be completed by late 2026, three to four months ahead of the February 2027 deadline, said Zafir Hashim, head of transportation at John Keells.
The accelerated timeline, which has not been previously reported, was unexpected in the wake of Sri Lanka's deep financial crisis that brought foreign investment in the country to a virtual standstill.
Once the final phase is complete, the terminal will have the capacity to handle 3.2 million containers annually, Hashim said, boosting the overall throughput of the port in Colombo.
The largest chunk of business flowing through the terminal originates in India.
In December, Adani withdrew its funding request from the U.S. International Development Finance Corp, opting to finance the project through internal accruals and a capital management plan.
The move came after U.S. authorities accused Adani Group Chairman Gautam Adani and others of involvement in a bribery scheme - allegations the group has dismissed as baseless.
"Working with Adani, we really haven't seen anything to worry about," Hashim said at his office in a heritage building in the heart of Colombo.
"And until something is proven, we are partners and there is nothing for us to sort of comment on. They have been a very good partner to work with."
Adani Ports and Special Economic Zone APSE.NS holds a 51% stake in the terminal, John Keells owns 34%, and the Sri Lanka Ports Authority holds the remainder.
Sri Lanka is also exploring further investments from Adani in renewable energy, Energy Minister Kumara Jayakody told Reuters, despite some disagreements earlier this year.
An Adani spokesperson did not respond to a request for comment.
In February, Adani withdrew from two proposed wind power projects worth $1 billion after the newly elected government of President Anura Kumara Dissanayake sought to renegotiate the power purchase rate.
The projects, approved under the previous administration without competitive bidding, faced scrutiny over environmental and transparency concerns.
"Adani pulled out because the government felt the tariff that was offered by them or asked by them was excessive and the government was ready to negotiate," said Arjuna Herath, chair of Sri Lanka’s Board of Investment.
"But Adani was of the view that they could not accept a lower tariff than what they proposed."
Jayakody said Adani later purchased bid documents for two smaller wind projects totalling 100 MW but ultimately did not bid. Still, it was a sign of their renewed interest, he said.
"We have no issues with Adani just because they pulled out," Herath said. "Adani is doing very well in the West Terminal project, and we are very happy."
(Reporting by Krishna N. Das and Uditha Jayasinghe in Colombo; Editing by Saad Sayeed)
Adani Group to double capacity of $840 mln Sri Lanka port by late 2026, says partner
Project proceeds despite Adani withdrawing request for $553 mln U.S. funding
Sri Lanka exploring new Adani renewable investments after $1 billion wind exit
By Krishna N. Das and Uditha Jayasinghe
COLOMBO, Sept 17 (Reuters) - India's Adani Group and its partners are set to double the capacity of a $840 million container terminal in Colombo months ahead of schedule, despite relinquishing $553 million in U.S. funding, an executive at partner firm John Keells Holdings JKH.CM told Reuters.
The deepwater Colombo West International Terminal, located next to a facility run by China Merchants Port Holdings 0144.HK, underscores Sri Lanka's geopolitical significance in the tug-of-war for Indian Ocean influence between New Delhi and Beijing.
Adani opened the first phase of the fully automated terminal in April, making it operational. The second and final phase is underway and expected to be completed by late 2026, three to four months ahead of the February 2027 deadline, said Zafir Hashim, head of transportation at John Keells.
The accelerated timeline, which has not been previously reported, was unexpected in the wake of Sri Lanka's deep financial crisis that brought foreign investment in the country to a virtual standstill.
Once the final phase is complete, the terminal will have the capacity to handle 3.2 million containers annually, Hashim said, boosting the overall throughput of the port in Colombo.
The largest chunk of business flowing through the terminal originates in India.
In December, Adani withdrew its funding request from the U.S. International Development Finance Corp, opting to finance the project through internal accruals and a capital management plan.
The move came after U.S. authorities accused Adani Group Chairman Gautam Adani and others of involvement in a bribery scheme - allegations the group has dismissed as baseless.
"Working with Adani, we really haven't seen anything to worry about," Hashim said at his office in a heritage building in the heart of Colombo.
"And until something is proven, we are partners and there is nothing for us to sort of comment on. They have been a very good partner to work with."
Adani Ports and Special Economic Zone APSE.NS holds a 51% stake in the terminal, John Keells owns 34%, and the Sri Lanka Ports Authority holds the remainder.
Sri Lanka is also exploring further investments from Adani in renewable energy, Energy Minister Kumara Jayakody told Reuters, despite some disagreements earlier this year.
An Adani spokesperson did not respond to a request for comment.
In February, Adani withdrew from two proposed wind power projects worth $1 billion after the newly elected government of President Anura Kumara Dissanayake sought to renegotiate the power purchase rate.
The projects, approved under the previous administration without competitive bidding, faced scrutiny over environmental and transparency concerns.
"Adani pulled out because the government felt the tariff that was offered by them or asked by them was excessive and the government was ready to negotiate," said Arjuna Herath, chair of Sri Lanka’s Board of Investment.
"But Adani was of the view that they could not accept a lower tariff than what they proposed."
Jayakody said Adani later purchased bid documents for two smaller wind projects totalling 100 MW but ultimately did not bid. Still, it was a sign of their renewed interest, he said.
"We have no issues with Adani just because they pulled out," Herath said. "Adani is doing very well in the West Terminal project, and we are very happy."
(Reporting by Krishna N. Das and Uditha Jayasinghe in Colombo; Editing by Saad Sayeed)
India's Adani stops accepting sanctioned vessels at its ports, sources say
NEW DELHI, Sept 11 (Reuters) - India's Adani group has stopped accepting vessels that are sanctioned by the European Union, U.S. and Britain at all of its ports, sources said and orders issued by Adani Ports and Logistics show.
No immediate comment was available from Adani.
(Reporting by Nidhi Verma)
((nidhi.verma@thomsonreuters.com; +91 11 49548031; Reuters Messaging: nidhi.verma.thomsonreuters.com@reuters.net))
NEW DELHI, Sept 11 (Reuters) - India's Adani group has stopped accepting vessels that are sanctioned by the European Union, U.S. and Britain at all of its ports, sources said and orders issued by Adani Ports and Logistics show.
No immediate comment was available from Adani.
(Reporting by Nidhi Verma)
((nidhi.verma@thomsonreuters.com; +91 11 49548031; Reuters Messaging: nidhi.verma.thomsonreuters.com@reuters.net))
Adani Units Raise $275 Million Offshore Debt From Global Lenders- Bloomberg News
Aug 20 (Reuters) -
ADANI UNITS RAISE $275 MILLION OFFSHORE DEBT FROM GLOBAL LENDERS- BLOOMBERG NEWS
Source text: https://tinyurl.com/bddshh3m
Further company coverage: ADEL.NS
Aug 20 (Reuters) -
ADANI UNITS RAISE $275 MILLION OFFSHORE DEBT FROM GLOBAL LENDERS- BLOOMBERG NEWS
Source text: https://tinyurl.com/bddshh3m
Further company coverage: ADEL.NS
Adani Ports Q1 Consol Net Profit 33.15 Billion Rupees
Aug 5 (Reuters) - Adani Ports and Special Economic Zone Ltd APSE.NS:
ADANI PORTS Q1 CONSOL NET PROFIT 33.15 BILLION RUPEES
ADANI PORTS Q1 CONSOL REVENUE FROM OPERATIONS 91.26 BILLION RUPEES
ADANI PORTS AND SPECIAL ECONOMIC ZONE LTD - GAUTAM S. ADANI RE-DESIGNATED AS NON-EXECUTIVE CHAIRMAN
ADANI PORTS AND SPECIAL ECONOMIC ZONE LTD - MANISH KEJRIWAL APPOINTED AS ADDITIONAL DIRECTOR FOR 3 YEARS
Source text: [ID:]
Further company coverage: APSE.NS
Aug 5 (Reuters) - Adani Ports and Special Economic Zone Ltd APSE.NS:
ADANI PORTS Q1 CONSOL NET PROFIT 33.15 BILLION RUPEES
ADANI PORTS Q1 CONSOL REVENUE FROM OPERATIONS 91.26 BILLION RUPEES
ADANI PORTS AND SPECIAL ECONOMIC ZONE LTD - GAUTAM S. ADANI RE-DESIGNATED AS NON-EXECUTIVE CHAIRMAN
ADANI PORTS AND SPECIAL ECONOMIC ZONE LTD - MANISH KEJRIWAL APPOINTED AS ADDITIONAL DIRECTOR FOR 3 YEARS
Source text: [ID:]
Further company coverage: APSE.NS
Adani Ports Handles 41.3 MMT In Jun’25
July 2 (Reuters) - Adani Ports and Special Economic Zone Ltd APSE.NS:
ADANI PORTS - HANDLES 41.3 MMT IN JUN’25
ADANI PORTS - Q1 FY26 VOLUME STOOD AT 120.6 MMT
Source text: ID:nnAZN42QILK
Further company coverage: APSE.NS
July 2 (Reuters) - Adani Ports and Special Economic Zone Ltd APSE.NS:
ADANI PORTS - HANDLES 41.3 MMT IN JUN’25
ADANI PORTS - Q1 FY26 VOLUME STOOD AT 120.6 MMT
Source text: ID:nnAZN42QILK
Further company coverage: APSE.NS
Adani Ports And Special Economic Zone Says Subsidiary To Divest 49% Stake In Veracity
June 20 (Reuters) - Adani Ports and Special Economic Zone Ltd APSE.NS:
SUBSIDIARY TO DIVEST 49% STAKE IN VERACITY
ADANI LOGISTICS TO RETAIN 1% STAKE IN VERACITY
UNIT ENTERS INTO JV TERMINATION AGREEMENT WITH RIDDHI INFOCOM SOLUTIONS
Source text: ID:nBSE2VGlGH
Further company coverage: APSE.NS
June 20 (Reuters) - Adani Ports and Special Economic Zone Ltd APSE.NS:
SUBSIDIARY TO DIVEST 49% STAKE IN VERACITY
ADANI LOGISTICS TO RETAIN 1% STAKE IN VERACITY
UNIT ENTERS INTO JV TERMINATION AGREEMENT WITH RIDDHI INFOCOM SOLUTIONS
Source text: ID:nBSE2VGlGH
Further company coverage: APSE.NS
India's Adani Group stocks slip on report US probing alleged Iran sanctions evasion
June 3 (Reuters) - Shares of India's Adani Group firms fell between 1% and 2.5% on Tuesday, a day after the Wall Street Journal reported that U.S. prosecutors were probing whether Adani entities had imported Iranian LPG into India through their Mundra port.
An Adani spokesperson called the report "baseless and mischievous" in a statement, adding: "We are not aware of any investigation by U.S. authorities on this subject."
Shares in the group's flagship firm Adani Enterprises ADEL.NS opened 2.2% lower, while Adani Ports APSE.NS fell 2.5%. Adani Total Gas ADAG.NS, Adani Power ADAN.NS, Adani Green ADNA.NS and Adani Energy Solutions ADAI.NS were down between 1% and 2%.
India's benchmark Nifty 50 index .NSEI was down 0.4%, with Adani Enterprises and Adani Ports the top percentage losers.
The WSJ said it had found tankers travelling between the Gulf and billionaire Gautam Adani's Mundra port in western India exhibiting traits that experts say are common for ships evading sanctions.
Reuters could not independently verify the report and the U.S. Department of Justice and the U.S. Attorney's Office in Brooklyn did not respond to requests for comment.
Adani Ports has been the top gainer among Adani Group stocks so far this year, up 16%, while Adani Total has been the top loser, down 11%.
(Reporting by Sethuraman NR; Editing by Mrigank Dhaniwala)
((Sethuraman.NR@thomsonreuters.com; (+91 9945291420); Reuters Messaging: nallur.sethuraman.thomsonreuters.com@reuters.net))
June 3 (Reuters) - Shares of India's Adani Group firms fell between 1% and 2.5% on Tuesday, a day after the Wall Street Journal reported that U.S. prosecutors were probing whether Adani entities had imported Iranian LPG into India through their Mundra port.
An Adani spokesperson called the report "baseless and mischievous" in a statement, adding: "We are not aware of any investigation by U.S. authorities on this subject."
Shares in the group's flagship firm Adani Enterprises ADEL.NS opened 2.2% lower, while Adani Ports APSE.NS fell 2.5%. Adani Total Gas ADAG.NS, Adani Power ADAN.NS, Adani Green ADNA.NS and Adani Energy Solutions ADAI.NS were down between 1% and 2%.
India's benchmark Nifty 50 index .NSEI was down 0.4%, with Adani Enterprises and Adani Ports the top percentage losers.
The WSJ said it had found tankers travelling between the Gulf and billionaire Gautam Adani's Mundra port in western India exhibiting traits that experts say are common for ships evading sanctions.
Reuters could not independently verify the report and the U.S. Department of Justice and the U.S. Attorney's Office in Brooklyn did not respond to requests for comment.
Adani Ports has been the top gainer among Adani Group stocks so far this year, up 16%, while Adani Total has been the top loser, down 11%.
(Reporting by Sethuraman NR; Editing by Mrigank Dhaniwala)
((Sethuraman.NR@thomsonreuters.com; (+91 9945291420); Reuters Messaging: nallur.sethuraman.thomsonreuters.com@reuters.net))
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What does Adani Ports &Special do?
Adani Ports and Special Economic Zone (APSEZ) is India's largest Integrated Transport Utility company with global presence across the verticals. As a key player in the industry, APSEZ is backed by the Adani Group and has port operations across nine maritime states and union teritorries including Gujarat, Maharashtra, Goa, Kerala, Tamil Nadu, Andhra Pradesh, Puducherry, Odisha and West Bengal. APSEZ operates India’s largest port-based manufacturing hub in Mundra, Gujarat, covering over thousands of hectares along the Gulf of Kachchh. APSEZ also provides specialised dredging and reclamation solutions for port and harbour construction.
Who are the competitors of Adani Ports &Special?
Adani Ports &Special major competitors are Gujarat Pipavav Port, JSW Infrastructure, Container Corp, Delhivery, GE Shipping, Blue Dart Express, Shipping Corpn.. Market Cap of Adani Ports &Special is ₹3,17,324 Crs. While the median market cap of its peers are ₹20,533 Crs.
Is Adani Ports &Special financially stable compared to its competitors?
Adani Ports &Special seems to be less financially stable compared to its competitors. Altman Z score of Adani Ports &Special is 3.83 and is ranked 7 out of its 8 competitors.
Does Adani Ports &Special pay decent dividends?
The company seems to be paying a very low dividend. Investors need to see where the company is allocating its profits. Adani Ports &Special latest dividend payout ratio is 13.63% and 3yr average dividend payout ratio is 16.65%
How has Adani Ports &Special allocated its funds?
Companies resources are allocated to majorly productive assets like Plant & Machinery
How strong is Adani Ports &Special balance sheet?
Balance sheet of Adani Ports &Special is strong. But short term working capital might become an issue for this company.
Is the profitablity of Adani Ports &Special improving?
Yes, profit is increasing. The profit of Adani Ports &Special is ₹12,280 Crs for TTM, ₹11,092 Crs for Mar 2025 and ₹8,111 Crs for Mar 2024.
Is the debt of Adani Ports &Special increasing or decreasing?
Yes, The net debt of Adani Ports &Special is increasing. Latest net debt of Adani Ports &Special is ₹41,333 Crs as of Sep-25. This is greater than Mar-25 when it was ₹32,599 Crs.
Is Adani Ports &Special stock expensive?
Adani Ports &Special is not expensive. Latest PE of Adani Ports &Special is 25.4, while 3 year average PE is 31.11. Also latest EV/EBITDA of Adani Ports &Special is 16.43 while 3yr average is 19.61.
Has the share price of Adani Ports &Special grown faster than its competition?
Adani Ports &Special has given better returns compared to its competitors. Adani Ports &Special has grown at ~3.53% over the last 2yrs while peers have grown at a median rate of -4.09%
Is the promoter bullish about Adani Ports &Special?
Promoters seem to be bullish about the company. Latest quarter promoter holding is 68.02% and last quarter promoter holding is 65.89%.
Are mutual funds buying/selling Adani Ports &Special?
The mutual fund holding of Adani Ports &Special is decreasing. The current mutual fund holding in Adani Ports &Special is 5.1% while previous quarter holding is 5.57%.
