Latest news with #AdaniPorts&SpecialEconomicZone
Business Times
22-05-2025
- Business
- Business Times
Adani Ports gets about US$150 million loan from DBS
[MUMBAI] Adani Ports & Special Economic Zone raised about US$150 million through a bilateral loan agreement with DBS Group Holdings, according to people familiar with the matter, as the Indian conglomerate continues to restore lender confidence. The proceeds of the four-year dollar loan will be used for capital expenditure, the people said, asking not be identified because the information is private. The facility has been priced at about 200 basis points above the benchmark Secured Overnight Financing Rate, they said. The all-in-price, including the hedging cost, is about 5.5 per cent, one of the person said. DBS declined to comment. An Adani Group representative did not offer any immediate comments on the transaction. Billionaire Gautam Adani-owned conglomerate, with interests stretching from ports to green energy, is steadily regaining creditor confidence following a US Department of Justice indicted Adani over an alleged bribery plot in November. The bilateral loan is the group's first from a global bank since the indictment, one of the person said. Last month, the group raised about US$750 million through an offshore private placement bond to fund an acquisition of a construction firm. BlackRock subscribed to about a third of the issuance. Separately, the conglomerate is in talks with foreign banks including Barclays, First Abu Dhabi Bank and Standard Chartered Bank for a US$750 million loan for its airport unit. Representatives for Adani and his companies recently met US administration officials to discuss potentially dismissing criminal charges levied against him in the bribery probe, Bloomberg reported earlier this month. BLOOMBERG
Mint
14-05-2025
- Business
- Mint
Adani Power, Adani Ports to Adani Green: Adani shares rise up to 2.3%. Do you own any?
Adani Group stocks in focus today: Adani Group stocks, including Adani Enterprises, Adani Green Energy, and Adani Ports & Special Economic Zone, were buzzing in Wednesday's trade (May 14), gaining up to 2%, mirroring the positive sentiment in the Indian stock market. Some of the group stocks gained on optimism surrounding the US-China trade deal, which is expected to boost global demand for base metals. Others extended their rally after reporting stronger-than-expected March quarter results. These gains, along with other positive developments, have helped Adani Group stocks sustain their upward trend since early May. At the start of the month, all Adani Group stocks saw strong buying interest on Dalal Street amid reports that representatives of Indian billionaire Gautam Adani met officials from U.S. President Donald Trump's administration to seek the dismissal of criminal charges in an overseas bribery probe. Adani Enterprises' share price extended its winning streak to a third straight session today, rising another 2% to hit the day's high of ₹ 2,481 apiece. In early May, the company reported a 756% year-on-year (YoY) jump in consolidated net profit to ₹ 3,845 crore for the quarter ended March 2025, driven by an exceptional gain of ₹ 3,286 crore from the sale of a 13.5% stake in Adani Wilmar (AWL). Adani Green Energy's share price also maintained its upward trend for the second consecutive session, climbing another 1.7% to reach ₹ 975 apiece. The company posted a 24% YoY rise in net profit to ₹ 383 crore in Q4, while revenue from core operations grew 21.6% YoY to ₹ 3,073 crore. Adani Ports & Special Economic Zone's share price rose 1.20% to hit a day's high of ₹ 1,385.90, extending its rally for the third straight session. The company's consolidated net profit surged 50% YoY to ₹ 3,023 crore in Q4FY25, up from ₹ 2,025 crore in the same period last year. Revenue from operations in Q4FY25 increased 23% YoY to ₹ 8,488 crore, while EBITDA rose 24% YoY to ₹ 5,006 crore. AWL Agri Business share price has also extended its upward run for third straight session on Wednesday, gaining 2.3% to reach the day's high of ₹ 269.20 apiece. The company net profit in Q4FY25 jumped to ₹ 191 crore from ₹ 157 crore in Q4FY24. Other group stocks, including Adani Power, ACC, Ambuja Cements, NDTV, and Sanghi Industries, are also trading with gains of up to 1% in today's session.
Mint
14-05-2025
- Business
- Mint
Adani Power, Adani Ports to Adani Green: Adani shares rise up to 2%. Do you own any?
Adani Group stocks in focus today: Adani Group stocks, including Adani Enterprises, Adani Green Energy, and Adani Ports & Special Economic Zone, were buzzing in Wednesday's trade (May 14), gaining up to 2%, mirroring the positive sentiment in the Indian stock market. Some of the group stocks gained on optimism surrounding the US-China trade deal, which is expected to boost global demand for base metals. Others extended their rally after reporting stronger-than-expected March quarter results. These gains, along with other positive developments, have helped Adani Group stocks sustain their upward trend since early May. At the start of the month, all Adani Group stocks saw strong buying interest on Dalal Street amid reports that representatives of Indian billionaire Gautam Adani met officials from former U.S. President Donald Trump's administration to seek the dismissal of criminal charges in an overseas bribery probe, according to Bloomberg. Meanwhile, Adani Enterprises' share price extended its winning streak to a third straight session today, rising another 2% to hit the day's high of ₹ 2,481 apiece. In early May, the company reported a 756% year-on-year (YoY) jump in consolidated net profit to ₹ 3,845 crore for the quarter ended March 2025, driven by an exceptional gain of ₹ 3,286 crore from the sale of a 13.5% stake in Adani Wilmar (AWL). Adani Green Energy's share price also maintained its upward trend for the second consecutive session, climbing another 1.7% to reach ₹ 975 apiece. The company posted a 24% YoY rise in net profit to ₹ 383 crore in Q4, while revenue from core operations grew 21.6% YoY to ₹ 3,073 crore. Adani Ports & Special Economic Zone's share price rose 1.20% to hit a day's high of ₹ 1,385.90, extending its rally for the third straight session. The company's consolidated net profit surged 50% YoY to ₹ 3,023 crore in Q4FY25, up from ₹ 2,025 crore in the same period last year. Revenue from operations in Q4FY25 increased 23% YoY to ₹ 8,488 crore, while EBITDA rose 24% YoY to ₹ 5,006 crore. AWL Agri Business share price has also extend its upward run for third straight session on Wednesday, gaining 2.3% to reach the day's high of ₹ 269.20 apiece. The company net profit in Q4FY25 jumped to ₹ 191 crore from ₹ 157 crore in Q4FY24. Disclaimer: The views and recommendations given in this article are those of individual analysts. These do not represent the views of Mint. We advise investors to check with certified experts before taking any investment decisions.
Business Standard
05-05-2025
- Business
- Business Standard
Adani Ports rallies after total cargo volumes climb 4% YoY in April
Adani Ports & Special Economic Zone (APSEZ) jumped 6.96% to Rs 1,357.05 after the company handled 375 MMT of total cargo volumes during the April 2025, which is higher 4% on a year on year (YoY) basis. The growth in cargo volumes was driven by containers (up 21% YoY) and liquid & gas (up 8% YoY). In April 2025, the companys logistics rail volume stood at 57,751 TEUs (up 17% YoY), and GPWIS volume were at 1.8 MMT (up 4% YoY). Adani Ports and Special Economic Zone (APSEZ), a part of the globally diversified Adani Group, has evolved from a port company to an Integrated Transport Utility providing end to-end solutions from its port gate to customer gate. It is the largest port developer and operator in India with 7 strategically located ports and terminals on the west coast (Mundra, Tuna Tekra & Berth 13 in Kandla, Dahej, and Hazira in Gujarat, Mormugao in Goa, Dighi in Maharashtra and Vizhinjam in Kerala) and 8 ports and terminals on the East coast (Haldia in West Bengal, Dhamra and Gopalpur in Odisha, Gangavaram and Krishnapatnam in Andhra Pradesh, Kattupalli and Ennore in Tamil Nadu and Karaikal in Puducherry). The companys consolidated net profit jumped 47.8% to Rs 3,014.22 crore on 23.1% increase in net sales to Rs 8,488.44 crore in Q4 FY25 over Q4FY24.
Business Standard
02-05-2025
- Business
- Business Standard
Adani Ports jumps after Q4 PAT climbs 50% YoY to Rs 3,023 cr
Adani Ports & Special Economic Zone (APSEZ) rallied 5.61% to Rs 1,285.25 after the company's consolidated net profit jumped 50.02% to Rs 3,023 crore in Q4 FY25 as compared with Rs 2,015 crore in Q4 FY24. Revenue from operations climbed 23.08% to Rs 8488.44 crore during the quarter ended 31st March 2025 as compared with Rs 6896.50 crore in the quarter ended 31st March 2024. Profit before tax (PBT) increased 50.87% YoY to Rs 3,531.93 crore in Q4 FY25. EBITDA stood at Rs 5,006 crore in Q4 FY25, registering the growth of 24% as compared with Rs 4,044 crore posted in corresponding quarter last year. During the quarter, APSEZ recorded a cargo volume of 118 million metric tons (MMT), registering growth of 8% YoY. The company informed that its FY26 guidance, forecasting revenue between Rs 36,000- Rs 38,000 crore, EBITDA of Rs 21,000-22,000 crore, capex of Rs 11,000 crore- Rs 12,000 crore and Port cargo volume between 505-515 MMT. On full year basis, the companys consolidated net profit jumped 36.76% to Rs 11,092.31 crore in FY25 as compared with Rs 8,110.64 crore in FY24. Revenue from operations increased 14.09% YoY to Rs 3,0475.33 crore in FY25. Ashwani Gupta, whole-time director & CEO, APSEZ, said, Our record-breaking performance in FY25crossing Rs 11,000 crore in PAT and handling 450 MMT cargois a testament to the power of integrated thinking and flawless execution, we have outperformed guidance across all metrics, expanded our footprint across India and globally, and transformed our logistics and marine verticals into engines of future growth. From Mundra crossing 200 MMT, to Vizhinjam rapidly achieving 100,000 TEUs, to the strategic acquisitions of NQXT and Astro Offshoreevery milestone reflects our long-term vision to become the worlds largest ports and logistics platform. With robust fundamentals, industry-leading ESG ratings and an unwavering commitment to excellence, we are well-positioned for even greater strides in FY26. Meanwhile, the companys board recommended a dividend of Rs 7 per equity share for FY25, the company has fixed record date as Friday, 13 June 2025. If declared by the shareholders at the ensuing AGM, dividend shall be paid on or after June 26, 2025. Adani Ports and Special Economic Zone (APSEZ), a part of the globally diversified Adani Group, has evolved from a port company to an Integrated Transport Utility providing end to-end solutions from its port gate to customer gate. It is the largest port developer and operator in India with 7 strategically located ports and terminals on the west coast (Mundra, Tuna Tekra & Berth 13 in Kandla, Dahej, and Hazira in Gujarat, Mormugao in Goa, Dighi in Maharashtra and Vizhinjam in Kerala) and 8 ports and terminals on the East coast (Haldia in West Bengal, Dhamra and Gopalpur in Odisha, Gangavaram and Krishnapatnam in Andhra Pradesh, Kattupalli and Ennore in Tamil Nadu and Karaikal in Puducherry).
