Adani Ports and Special Economic Zone has completed the acquisition of the port for Rs 705 crore. DPL, the 12th port to join APSEZs string of porys across the eastern and western coast of India would establish the companys footprint in Maharashtra.
Adani Ports Q3 profit rises 16% to Rs 1,577 crore, revenue up 12%
Adani Ports Q3 results: The company s total consolidated income increased by 11.6 per cent to Rs 4,274.79 crore for the December quarter of 2020 as against Rs 3,830.43 crore in the year-ago period
BusinessToday.In | February 9, 2021 | Updated 15:51 IST
Adani Ports and Special Economic Zone posts Rs 1,577 crore profit in December quarter
Adani Ports and Special Economic Zone Limited (APSEZ), a part of Gautam Adani-led Adani Group, on Tuesday reported 16 per cent rise in its consolidated net profit at Rs 1,577 crore for the third quarter ended on December 31, 2020, on the back of 37 per cent growth of cargo volume. The country s largest integrated logistics player had posted consolidated profit of Rs 1,356 crore in the corresponding period a year earlier, Adani Ports said in a BSE filing.
Negative bias seen for Nifty, Sensex at open
January 27, 2021
Auto stocks will be in focus on the green tax proposal
Indian markets are expected to open flat with negative bias. The SGX Nifty is currently ruling at 14,225 against Nifty futures’ Monday’s close of 14,254. Asian markets are giving mixed signals, with Nikkei (Japan) and Singapore STI ruling firm with 0.5 per cent gains, and Kospi and ASX (Australia) slipping in the red.
The S&P BSE Sensex on Monday declined 531 points to 48,347, while the Nifty50 index plunged 133 points to 14,239, as index heavyweight Reliance Industries dragged the market.
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Adani Ports and Special Economic Zone Limited has commenced a tender offer to purchase for cash any and all of its outstanding $500,000,000 3.95 per cent Senior Notes due 2022. The tender offer will expire at 5:00 p.m., New York time, on February 2.
Adani International Container Terminal (AICTPL), a 50:50 joint venture between Adani Ports and Special Economic Zone and Terminal Investment, settled its first USD 300 million public USD bond
issuance on 21 December 2020.
The issue witnessed large participation from marquee real money investors with interests coming from around 220 accounts leading to approx. 10 times oversubscription. The issue of ~10 Years was priced at par to yield 3.00% which is also the lowest coupon achieved by any corporate Indian issuer in the last 5 years
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