Adani Ports and SEZ has a significant presence in India’s ports and terminals that handle the bulk of cargo passing through the country’s ports.
The transaction is subject to regulatory approvals, and is expected to be completed within 3-4 months. Once the transaction is completed, APSEZ would hold 51 per cent stake in AECTPL.
COP28: Gautam Adani adding that they are electrifying all cranes, switching from diesel-based Internal Transfer Vehicles to battery-based ones, and installing an additional 1000 MW of captive renewable capacity.
Gopalpur Ports will be Adani Ports and SEZ’s sixth acquisition of a multi-purpose facility in the eastern coast, if this deal follows through.
Shares of Adani Ports and Special Economic Zone (ASPEZ) dropped 2% on Wednesday. Analysts see up to 42% upside in the stock. Watch this Visual Story to see if you should buy the Adani Group stock.
Fitch attributed the contagion risks to governance weakness at the Adani Group’s sponsorship level and assigned it a rating of BBB-.
SC order on Adani-Hindenburg case: The Supreme Court has told the Securities and Exchange Board of India (SEBI) to finish the probe into the Adani Group-Hindenburg saga within a period of two months. Check out how the Adani Group stocks fared post the verdict in this Business Today Visual Story
Adani Ports & SEZ, the second most-valued group stock, added Rs 4,277 crore in market capitalisation so far. The stock hit a high of Rs 615.85. It was later trading at Rs 607.75, up 2.56 per cent.
Adani-Hindenburg report row: The Adani Group stock rout started after US-based short seller Hindenburg Research published a report on the Adani Group on January 24, 2023. The stocks have crashed up to 72% after the damning report despite Gautam's Adani-led Adani Group denying the allegations. What should investors do with these stocks post Q3 numbers? Check out this Business Today Visual Story on the take by analysts on Adani Ports, ACC, Adani Wilmar and more.
Adani Ports' shares jumped 8 per cent to Rs 597 on Wednesday and the stock has gained more than 51 per cent from its 52-week low at Rs 394.95 hit on February 2, 2023.
Adani Ports reported a 13 per cent year-on-year (YoY) decline in the profit after tax (PAT) at Rs 1,336.51 crore in the quarter that ended on December 31, 2022.





