Cabinet of Ministers has approved a proposal presented by the Port Minister to develop the West Container Terminal (WCT) of the Colombo Port on a Build, Operate and Transfer basis for a period of 35 years as a public-private partnership with Adani Ports and Special Economic Zone Limited (APSEZ Consortium) and its local representative John Keells Holdings PLC (APSEZ Consortium), and the Sri Lanka Ports Authority.
Cabinet approval granted on 01.02.2021 to develop the West Container Terminal in collaboration with the Sri Lanka Ports Authority and parties nominated by Indian and Japanese Governments, and also to appoint a Cabinet Appointed Negotiation Committee and a Project Committee to evaluate the proposals in this regard.
Adani Ports share falls over 5% after firm reports Q3 earnings
Adani Ports stock has gained 54.41% in one year and risen 17.64% since the beginning of this year. Market cap of the firm fell to Rs 1.15 lakh crore.
BusinessToday.In | February 10, 2021 | Updated 14:07 IST
The firm posted consolidated profit of Rs 1,356 crore in the corresponding period a year earlier
Share of Adani Ports and Special Economic Zone Limited (APSEZ), a part of Gautam Adani-led Adani Group, fell over 5% in afternoon trade today even as the firm reported a 16 per cent rise in its Q3 net profit.
Adani Ports share touched an intraday low of Rs 550.6, down 5.38% against previous close of Rs 581.90 on BSE.
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.
Adani Ports & SEZ Q3 Consolidated Profit Up 16% To Rs 1,576 Crore moneycontrol.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from moneycontrol.com Daily Mail and Mail on Sunday newspapers.
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AHMEDABAD, India, Feb. 5, 2021 /PRNewswire/ Adani Ports and Special Economic Zone Limited today announced the settlement of its previously announced tender offer to purchase for cash (the Tender Offer ) any and all of its outstanding US$500,000,000 3.95% Senior Notes due 2022, CUSIP: Y00130 HS9, ISIN: USY00130HS90 (Regulation S) and CUSIP: 00652M AC6, ISIN: US00652MAC64 (Rule 144A) (the Notes ). Pursuant to the settlement of the Tender Offer, US$1,600,000 in principal amount of the Notes tendered via the guaranteed delivery procedures were purchased and redeemed by the Company on 5 February 2021 and cancelled pursuant to the terms and conditions of the Notes. US$319,574,000 of the Notes that were tendered on or before 2 February 2021 were purchased and redeemed by the Company on 3 February 2021 and cancelled pursuant to the terms and conditions of the Notes.