Latest news with #AdaniPortsandSpecialEconomicZone
Business Standard
16-07-2025
- Business
- Business Standard
Adani Ports approves tender offer to purchase Senior Notes up to US$ 450 million
Adani Ports and Special Economic Zone has approved a tender offer to purchase for cash up to (i) US$ 200,000,000 in principal amount of its outstanding US$500,000,000 4.00% Senior Notes due July 2027, (ii) US$ 125,000,000 in principal amount of its outstanding US$750,000,000 4.20% Senior Notes due August 2027 and (iii) US$ 125,000,000 in principal amount of its outstanding US$750,000,000 4.375% Senior Notes due July 2029 (Notes) (Tender Offer).
Business Standard
02-07-2025
- Business
- Business Standard
Adani Ports handles 41.3 MMT of cargo volumes in June'25; total volume for Q1 FY26 rises by 11% YoY
Adani Ports and Special Economic Zone said that it has handled 41.3 MMT of cargo volume in June 2025, which is higher by 12% as compared with the volume of 37 MMT handled in June 2024. The growth in handled cargo volume was primarily due to growth in containers (up 15% YoY). During June 2025, logistics rail volumes stood at 62,146 TEUs (up 14% YoY) and general purpose wagon investment scheme (GPWIS) volume was at 2.21 MMT (up 18% YoY). For the quarter ended 30 June 2025, APSEZ has handled 120.6 MMT of total cargo (up 11% YoY), led by containers (up 19% YoY). Logistics rail volumes stood at 179,479 TEUs (up 15% YoY) and GPWIS volume was at 6.05 MMT (up 9% YoY) for Q1 FY26. Adani Ports and Special Economic Zone (APSEZ) is the largest private port operator in India with capacity of 633 MMT and handled 450 MMT cargo in fiscal 2025. APSEZ operates a portfolio of 15 domestic ports/terminals with international presence at 4 global ports/terminals. Along with its port operations, it has its wide logistics network and offers various port based marine services to its owned ports/terminals as well as other ports. The companys consolidated net profit jumped 47.8% to Rs 3,014.22 crore on a 23.1% increase in net sales to Rs 8,488.44 crore in Q4 FY25 over Q4 FY24. The scrip advanced 0.28% to currently trade at Rs 1451.20 on the BSE.
Business Standard
26-06-2025
- Automotive
- Business Standard
Nifty trades tad above 25,400 level; oil & gas shares in demand
The frontline indices traded with major gains in the afternoon trade, supported by optimism over the Iran-Israel ceasefire. Positive global cues from Asian markets and institutional activity influenced market sentiment. The Nifty traded tad above the 25,400 level. Oil & gas, metal and private bank shares advanced, while realty, media and IT shares declined. At 13:30 IST, the barometer index, the S&P BSE Sensex, jumped 547.04 points or 0.66% to 83,302.55. The Nifty 50 index added 153.20 points or 0.61% to 25,404.80. In the broader market, the S&P BSE Mid-Cap index rose 0.12% and the S&P BSE Small-Cap index shed 0.07%. The market breadth was negative. On the BSE, 1,969 shares rose and 1,908 shares fell. A total of 170 shares were unchanged. Gainers & Losers: Adani Ports and Special Economic Zone (up 2.48%), Jio Financial Services (up 2.46%), Bajaj Finance (up 2.21%), HDFC Life Insurance Company (up 1.75%) and Shriram Finance (up 1.61%) were the major Nifty50 gainers. Dr. Reddy's Laboratories (down 1.80%), Tech Mahindra (down 1.65%), Trent (down 1.27%), Hero MotoCorp (down 0.99%) and Mahindra & Mahindra (down 0.78%) were the major Nifty50 Losers. Stocks in Spotlight: OM Infra soared 7.07% after the company secured a turnkey contract from NHPC for hydro-mechanical works at India's largest power generation project, the 2880 MW Dibang Project in Arunachal Pradesh. Ask Automotive added 3.36% after its board approved entering into a joint venture with T.D. Holding GMBH (TDH) to manufacture, market, and sell sunroof control cables and helix cables for passenger vehicles through a joint venture company. KNR Constructions shed 0.35% after the company announced that its joint venture KNRCL-HCPL has received a letter of acceptance worth Rs 4,800.57 crore for a major coal mining project in Jharkhand. Global Markets: European stocks edged higher, while Asian shares traded mixed on Thursday, as investors weighed the Israel-Iran ceasefire, an upcoming U.S. tariff deadline, and fresh remarks from Fed Chair Jerome Powell. Late Monday, President Trump announced a multi-stage truce between the two nations, urging both sides to hold the line. By Wednesday, the ceasefire seemed to be sticking, just a day after both countries said they had wrapped up a 12-day aerial showdown. U.S. Secretary of State Marco Rubio claimed Iran is now "much further" from building a nuclear weapon post-strikes, downplaying intelligence that says the air raids merely bought a few extra months. Trump, meanwhile, credited the swift U.S. military response for ending the skirmish and said he plans to push Iran to abandon its nuclear ambitions during talks next week. Back in the U.S., shares ended Wednesday on a subdued note. The S&P 500 hovered near the flatline, closing at 6,092.16 as investors looked for clues on whether it could challenge its all-time high. The Nasdaq inched up 0.31%, while the Dow slipped 0.25%. Federal Reserve Chair Jerome Powell wrapped up his Capitol Hill testimony, continuing to strike a cautious tone on inflation and trade. While he left the door open for future rate cuts if recent pressures prove short-lived, he avoided committing to any timeline, despite mounting pressure from President Trump. NVIDIA hit a fresh all-time high after Loop Capital boosted its price target to $250 from $175, pointing to strong and sustained demand for AI chips as artificial intelligence adoption surges. FedEx shares dropped over 3% after the company issued a weaker-than-expected profit forecast for the current quarter.
Business Standard
19-06-2025
- Business
- Business Standard
Adani Ports drops 9.24% in seven days as Israel-Iran tensions escalate
Adani Ports and Special Economic Zone India fell 2.50% to Rs 1,338, extending losses for the seventh consecutive trading session. Shares of the Adani Ports and Special Economic Zone lost 9.24% in seven consecutive trading sessions from its recent closing high of Rs 1474.35 on 10 June 2025. On the BSE, 57,330 shares were traded in the counter so far compared with average daily volumes of 1.36 lakh shares in the past two weeks. The stock hit a 52-week high of Rs 1,604.15 on 01 Aug 2024. The stock hit a 52-week low of Rs 993.85 on 21 Nov 2024. The stock had underperformed the market over the past month, down 4.89% compared with a 1.14% fall in the Sensex. The counter had underperformed the market in the past year and fell 7.40% as against a 5.29% jump in the Sensex. On the technical front, the stock's daily RSI (relative strength index) stood at 23.593. The RSI oscillates between zero and 100. Traditionally, the RSI is considered overbought when above 70 and oversold when below 30. On the daily chart, the stock was trading below its 50-day and 100-day simple moving average (SMA), placed at 1,407.28 and 1,432.13, respectively. These levels will act as crucial resistance zones in the near term. The stock of Adani Ports & Special Economic Zone has come under pressure due to the ongoing conflict between Israel and Iran. The decline is primarily attributed to the companys significant exposure to Haifa Port in Israel. According to reports, Iranian missile strikes have caused significant damage to several important sites in Israel. This includes the Tel Aviv Stock Exchange building, hospitals, state media offices, and other infrastructure. There have been multiple reports of civilian casualties and injuries. Today marks the seventh day of the Israel-Iran war, with ongoing missile attacks aimed at central and northern Israel. Investors are being cautious as they closely monitor developments in the region and their possible effects on Adani Ports international operations. 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 a 23.1% increase in net sales to Rs 8,488.44 crore in Q4 FY25 over Q4 FY24.
Mint
19-06-2025
- Business
- Mint
Is the Israel-Iran war a billion-dollar threat to Adani Ports & SEZ?
The world is once again on the brink. With the war in Ukraine still raging and unrest simmering across the Middle East, a new conflict has plunged global geopolitics into deeper uncertainty. A few days ago, tension between India and Pakistan flared up after 26 people were killed in a terrorist attack in Pahalgam. India launched Operation Sindor, which targeted terrorist camps across the Line of Control. For a brief moment, there was a serious apprehension that both India and Pakistan could go to war. But both sides agreed to a ceasefire, which reduced stress. Also Read: Is India's premium at risk? As Israel-Iran conflict sparks FPI outflows, valuation debate rages But cool in South Asia has been affected by a more explosive conflict in the Middle East. On 13 June 2025, Israel launched a military campaign against Iran, targeting major military and nuclear sites. Since then, the Israel-Iran conflict has entered its fourth day, with no signs of de-escalation. Overnight missile exchanges have intensified, with Iran striking an Israeli oil refinery and crippling parts of its power grid. In this geopolitical storm, Adani Ports and Special Economic Zone (APSEZ) Ltd has emerged as a company of keen interest on Dalal Street. APSEZ is the largest commercial ports operator in India, accounting for nearly one-fourth of the country's cargo movement. It has a presence in 13 domestic ports in seven maritime states: Gujarat, Maharashtra, Goa, Kerala, Andhra Pradesh, Tamil Nadu, and Odisha. Through its subsidiary Adani Logistics, APSEZ operates three logistics parks located at Patli in Haryana, Kila-Raipur in Punjab, and Kishangarh in Rajasthan. The company is engaged in developing, operating, and maintaining ports, developing ports-related infrastructure, and developing infrastructure in special economic zones. On 16 June 2025, shares of APSEZ were in focus amid the ongoing conflict between Israel and Iran. Some reports suggested that the conflict between the two countries caused damage to the Haifa port in Israel. Late on Saturday night, tensions in the Middle East escalated further as Iran fired missiles at Israel's Haifa port and a nearby oil refinery. Debris from the attack reportedly landed in the chemical terminal of the port, while other projectiles hit the oil refinery. Also Read: Dull summer casts a cloud on Voltas's air conditioner volumes in Q1 While the incident raised immediate concerns, especially for Adani Group's operations in the region, media reports state the Adani-operated section of the Haifa port was not impacted. However, Jugeshinder Robbie Singh, the Adani Group CFO, refuted the reports and said the damage reports were false. News agencyPTIreported on Sunday that the group's port was unaffected. Despite the tense situation, it's business as usual at the port for now. As per reports, eight ships remained docked and cargo handling continued smoothly. Operations stayed on track, with no damage reported to infrastructure or logistics. For now, Adani's key international port remains safe, even as the region braces for what comes next. Adani Ports' stake in the Haifa port In 2023, the Adani Group made a high-profile international expansion by acquiring a 70% stake in Israel's Haifa port for $1.2 billion, in partnership with Israel's Gadot Group, which holds the remaining 30%. The joint venture is set to operate the strategic port until 2054. Haifa serves as a vital maritime gateway for Israel, handling more than 30% of the country's imports. While it contributes nearly 5% to APSEZ's revenue, it accounts for less than 2% of the total cargo volume managed by the company. APSEZ, which handles around 10.57 million tonnes of cargo overall, has always positioned Haifa as a long-term strategic asset rather than a volume play. However, the recent escalation in the Israel-Iran conflict has cast a shadow over the investment. The fear is that ongoing hostilities could delay cargo movements at Haifa and potentially disrupt global shipping routes. The impact was already visible in the market on Friday. Shares of Adani Ports—one of the group's most profitable businesses dropped more than 3% intraday to ₹1,396 before recovering slightly to close at ₹1,405.25, a 2.71% decline. Also Read: Municipal bodies still shun public bond issues. There's a lot that's holding them back While Haifa may represent a small portion of the group's operations, the geopolitical risk it carries now looms large. What if Adani's Haifa port takes a hit? At the moment, Adani's Haifa port is still up and running, with cargo ships docked and operations going on as usual. But there's a growing sense of unease. What happens if things take a turn for the worse? If the port were to suffer serious damage, the impact on Adani Ports could be significant. Early estimates suggest losses could range between $1.9 bn and $2.9 bn. That includes the original $840 million (m) poured into the deal, around $50-100 m in annual revenue, and a potential hit of $1-2 bn in market value. The longer the conflict continues, the more uncertain the returns on Adani's overseas bet become, raising the question of whether this bold global expansion will deliver long-term gains or turn into an expensive mistake. Scaling up Vizhinjam APSEZ is set to invest ₹13,000 crore to expand the Vizhinjam International Deepwater Seaport in Kerala's Thiruvananthapuram. This next phase of growth, fully self-funded, comes on the back of successful trial runs and growing demand. The port is already operating at 90% capacity, having handled 280 ships and 620,000 TEUs since trial operations began in June 2024. With an initial ₹7,000 crore already invested, the port's expansion is aimed at keeping up with rising transhipment traffic and unlocking its full potential. 3x global operations by 2030 Looking overseas, APSEZ is laying out bold plans to triple its international operations by 2029-30. With major investments in Israel, Tanzania, and Sri Lanka, the company is aiming to handle 140–150 million metric tonnes (MMT) of cargo globally by the end of the decade. Domestic volumes are also expected to grow steadily, with capacity projected to reach 820-850 MMT. To fuel this ambition, APSEZ is doubling down on key global assets, including Israel's Haifa port, the under-construction port in Tanzania, and Colombo West International Terminal in Sri Lanka. Conclusion Indian port industry will grow at the rate of 4-7% over the next five years, supported by rising imports, a decline in freight costs, and the normalisation of global supply chains, according to a report by Motilal Oswal. Along with its expansion plans, Adani Ports' is set to benefit from the growth of the industry as well. But with the ongoing conflict in the Middle East and uncertainties surrounding its Haifa port investment, all eyes are on the company's global impact. It's important to conduct thorough research on financials and corporate governance before making investment decisions, ensuring they align with your financial goals and risk tolerance. Happy Investing. Disclaimer: This article is for information purposes only. It is not a stock recommendation and should not be treated as such. This article is syndicated from
