Latest news with #AdaniPorts
Hans India
2 days ago
- Business
- Hans India
Adani Ports raises Rs 5k cr to undertake expansion
Ahmedabad: Adani Ports and Special Economic Zone Ltd (APSEZ) on Friday said it has successfully raised Rs 5,000 crore through a 15-year Non-Convertible Debenture (NCD). 'This isn't merely a financing exercise; it's a proactive execution of a meticulously developed Capital Management Plan for APSEZ, focused on maintaining conservative leverage, extending the debt maturity profile, lowering cost, and diversifying funding sources. This plan is designed to support APSEZ with its long-term vision to become the world's largest integrated transport utility,' said Ashwani Gupta, Whole-time Director and CEO, APSEZ. Adani Ports has set a target of handling 1 billion tonnes of cargo by FY30, more than 2x the FY25 number. Beyond its port operations, the company has also laid out ambitious plans to expand its logistics and marine businesses. The proceeds will fund a proposed buyback of APSEZ's US Dollar bonds, pending board approval on May 31 2025. A full subscription would extend the average debt maturity significantly longer — from 4.8 years to 6.2 years. With consistently improving debt repayment timelines and the cost of capital, APSEZ gains greater access to patient capital and higher liquidity, crucial for long-term planning and large-scale it also offers financial flexibility for inorganic opportunities and enables reallocation of resources towards innovation, technology upgrades, and enhancing operational efficiencies. Adani Ports is the largest port developer and operator in India with seven strategically located ports and terminals on the west coast and eight on the East coast, representing 27 per cent of the country's total port volumes.
Mint
2 days ago
- Business
- Mint
Adani Ports taps its largest ever domestic bond: ₹5,000 crore 15-year NCD from LIC — all you need to know
Adani Ports and Special Economic Zone (APSEZ) on May 30 said it has successfully raised ₹ 5,000 crore through a 15-year Non-Convertible Debenture (NCD), fully subscribed by the Life Insurance Corporation of India (LIC). The debentures will be listed on the BSE, and is locked at 7.75 per cent coupon rate, backed by Adani Ports' 'AAA/Stable' domestic credit rating, the company informed the exchanges. Ashwani Gupta, Whole-time Director & CEO, Adani Ports noted that this 'isn't merely a financing exercise', but a proactively developed capital management plan for Adani Ports. "This plan is designed to support APSEZ with its long-term vision to become the world's largest integrated transport utility,' Gupta said. Debentures are long-term financial instruments that companies issue to raise more money from investors. 'The issue shows Adani Port's deep access to long-term capital from diversified sources at attractive pricing and significantly enhances APSEZ's debt maturity profile. It highlights APSEZ access to domestic markets for its longest tenure issuance till date, and one of the longest in Indian capital markets history,' the company release said.
Time of India
2 days ago
- Business
- Time of India
Adani Ports NCD Bonds: Adani Ports Secures ₹5,000 Crore in Long-Term Bond Issue to Boost Capital Strategy, ET Infra
Ports and Shipping 1 min read Adani Ports raises ₹5,000 crore via NCD The company stated that the funds will be used for a proposed buyback of US Dollar bonds, pending board approval on 31 May 2025.
Mint
2 days ago
- Business
- Mint
Adani Ports taps its largest ever domestic bond: ₹5,000 crore 15-year NCD from LIC — all you need to know
Adani Ports and Special Economic Zone (APSEZ) on May 30 said it has successfully raised ₹ 5,000 crore through a 15-year Non-Convertible Debenture (NCD), fully subscribed by the Life Insurance Corporation of India (LIC). The debentures will be listed on the BSE, and is locked at 7.75 per cent coupon rate, backed by Adani Ports' 'AAA/Stable' domestic credit rating, the company informed the exchanges. Ashwani Gupta, Whole-time Director & CEO, Adani Ports noted that this 'isn't merely a financing exercise', but a proactively developed capital management plan for Adani Ports. "This plan is designed to support APSEZ with its long-term vision to become the world's largest integrated transport utility,' Gupta said. Debentures are long-term financial instruments that companies issue to raise more money from investors. 'The issue shows Adani Port's deep access to long-term capital from diversified sources at attractive pricing and significantly enhances APSEZ's debt maturity profile. It highlights APSEZ access to domestic markets for its longest tenure issuance till date, and one of the longest in Indian capital markets history,' the company release said. According to the statement, the Proceeds will fund a proposed buyback of Adani Port's US Dollar bonds, pending board approval on May 31, 2025. A full subscription would extend the average debt maturity significantly longer—from 4.8 years to 6.2 years. Adani Ports has set a target of handling 1 billion tonnes of cargo by FY30, more than twice the number in FY25. 'With consistently improving debt repayment timelines and the cost of capital, Adani Ports gains greater access to patient capital and higher liquidity, crucial for long-term planning and large-scale projects,' the statement said. APSEZ has seven strategically located ports and terminals on the west coast and eight on the East coast, representing 27 per cent of the country's total port volumes.
Hans India
2 days ago
- Business
- Hans India
Adani Ports secures Rs 5,000 crore via 15-year non convertible debenture
Ahmedabad: Adani Ports and Special Economic Zone Ltd (APSEZ) on Friday said it has successfully raised Rs 5,000 crore through a 15-year Non-Convertible Debenture (NCD). Backed by APSEZ's strong financials and a 'AAA/Stable' domestic credit rating, the issue locked in a competitive coupon rate of 7.75 per cent per annum and was fully subscribed by the Life Insurance Corporation of India (LIC). The debentures will be listed on the BSE. 'This isn't merely a financing exercise; it's a proactive execution of a meticulously developed Capital Management Plan for APSEZ, focused on maintaining conservative leverage, extending the debt maturity profile, lowering cost, and diversifying funding sources. This plan is designed to support APSEZ with its long-term vision to become the world's largest integrated transport utility,' said Ashwani Gupta, Whole-time Director and CEO, APSEZ. Adani Ports has set a target of handling 1 billion tonnes of cargo by FY30, more than 2x the FY25 number. Beyond its port operations, the company has also laid out ambitious plans to expand its logistics and marine businesses. The transaction highlights APSEZ access to domestic markets for its longest tenure issuance till date, and one of the longest in Indian capital markets history. The proceeds will fund a proposed buyback of APSEZ's US Dollar bonds, pending board approval on May 31 2025. A full subscription would extend the average debt maturity significantly longer — from 4.8 years to 6.2 years. With consistently improving debt repayment timelines and the cost of capital, APSEZ gains greater access to patient capital and higher liquidity, crucial for long-term planning and large-scale projects. Moreover, it also offers financial flexibility for inorganic opportunities and enables reallocation of resources towards innovation, technology upgrades, and enhancing operational efficiencies. Adani Ports is the largest port developer and operator in India with seven strategically located ports and terminals on the west coast and eight on the East coast, representing 27 per cent of the country's total port volumes.
