[ AHMEDABAD: Adani Ports and Special Economic Zone (APSEZ), the ports and logistics arm of Gautam Adani-owned Adani Group on Tuesday announced it has acquired a controlling 95% stake in Odisha-based Gopalpur Port. APSEZ has agreed to acquire the stake for an equity value of Rs 1,349 crore and an enterprise value of Rs 3,080 … Read more
[ BENGALURU: Adani Ports and special economic zone, India’s largest private port operator, reported a nearly 68% surge in third-quarter profit on Thursday, helped by a jump in cargo volumes and higher tariffs. Consolidated net profit rose to 22.08 billion rupees ($266.1 million) in the October-December quarter, the company, which is part of billionaire Gautam … Read more
[ CHENNAI: Adani Ports is divesting its 49% stake in Adani Ennore Container Terminal (AECTPL) to Terminal Investment (TiL) for Rs 247 crore.The box terminal located at Kamarajar Port in Ennore, 24km from Chennai, handles multiple types of cargo. AECTPL with concession ending in 2044 has an annual capacity of 0.8 million TEUs (twenty-foot equivalent … Read more
