Adani port share

Adani Ports and Special Economic Zone Limited is an India-based integrated ports and logistics company. The Company is primarily engaged in developing, operating and maintaining the ports services, ports-related infrastructure development activities and development of infrastructure at contiguous special economic zone at Mundra. It operates approximately 13 ports and terminals located in Mundra, Dahej, Tuna and Hazira in Gujarat, Dhamra in Odisha, Mormugao in Goa, Visakhapatnam and Krishnapatnam in Andhra Pradesh, Dighi in Maharashtra, Kattupalli and Ennore in Chennai. It is also developing a transhipment port at Vizhinjam, Kerala. Its port facilities are equipped with the cargo handling infrastructure. Its ports are also equipped to handle diverse cargos consisting of dry cargo, liquid cargo, crude and containers. The Company also operates Haifa Port. Its subsidiaries include Adani Hazira Port Limited, The Dhamra Port Company Limited and Adani Vizhinjam Port Private Limited.;

Shares of Adani Ports & SEZ shares will be in focus on Tuesday morning after the Adani group company told stock exchanges that it has suspended its vessel operations at Mundra and Tuna port on Monday. The suspension of vessel operations was being done in view of an advisory issued by India Metrological Department on expected cyclone storm “Biparjoy", the company told stock exchanges post market hours. Shares of Adani Ports settled the day at Rs 742.25 on BSE. The stock is up 7 per cent in the last one month but has fallen 10 per cent in 2023 so far. As per reports, the cyclonic storm Biparjoy is likely to cross parts of the Gujarat coast on June 15 as a “very severe cyclonic storm”. The Indian Meteorological Department said that cyclone Biparjoy is very likely to move nearly northward till the morning of June 14 and later move north-north eastwards and cross Saurashtra and Kutch and adjoining Pakistani coasts between Gujarat’s Mandvi and Pakistan’s Karachi around June 15 noon. "It is very likely to move nearly northward till the morning of June 14, then move north-north eastwards and cross Saurashtra and Kutch and adjoining Pakistan coasts between Mandvi (Gujarat) and Karachi (Pakistan) around noon of June 15 as a very severe cyclonic storm with a maximum sustained wind speed of 125-135 kmph gusting to 150 kmph," the weather office said.

Adani Group is in talks with lenders, including global banks, as it seeks to refinance up to $3.8 billion of a loan facility taken for its acquisition of Ambuja Cements Ltd. last year, said people familiar with the matter. The ports-to-power conglomerate owned by Indian tycoon Gautam Adani is mulling whether to convert the original loan into debt with a longer maturity period and has started talking to banks individually about that plan, said the people, who asked not to be identified as the discussions are private.

STOCK SUMMARY • Face Value (₹) 2.00 • Beta 1.74 • 52-Week Low (₹) 395.10 • 52-Week High (₹) 987.85 • Price-to-Book (X)* 3.50 • Dividend Yield (%) 0.00 • Price-to-Earnings (P/E) (X)* 25.13 • Earnings Per Share (₹) 29.43 • Sector Price Earning (X)* 27.08 • Market Cap (₹ Cr.)* 1,59,742.27 • * Vaues as of last close price COMPETITORS • Techno Electric & Engineering Company ₹359.15 -1.40 (0.39%) • Engineers India ₹108.25 -2.90 (-2.61%) • IRB Infrastructure Developers ₹27.35 0.15 (0.55%) • Ashoka Buildcon ₹79.70 0.40 (0.50%) • Rites ₹378.35 -1.30 (0.34%) • GMR Airports Infrastructure ₹43.25 0.05 (0.12%) • Reliance Infrastructure ₹149.45 0.50 (0.33%) Adani Ports and Special Economic Zone, also known as APSEZ, is among India’s leading port operators. The company is also engaged in the logistics business. APSEZ is part of the Indian multinational corporation, Adani Group. The Adani Group started as a commodity trading firm and has grown to become one of the largest conglomerates in India in terms of market capitalisation. The story of APSEZ began when Adani Group decided to venture into port operations in the late 1990s. The company partnered with the government of Gujarat to develop the Mundra Port in the Kutch region of the state. APSEZ was incorporated as Gujarat Adani Port Limited in 1998. The company was jointly promoted by Adani Ports Limited, an Adani Group firm and the Gujarat government through Gujarat Port Infrastructure Development Company Limited. Mundra Port commenced ...

MUMBAI, June 7 (Reuters) - India's ports-to-power giant Adani Group will go slower on acquisitions this year as cost of capital has risen globally, the company said, signaling reduced dealmaking at the conglomerate which has rapidly grown by acquiring assets. Adani's listed shares in India have clawed back some $50 billion in its market capital after a rout triggered by U.S. short-seller Hindenburg's report Merger and acquisition activity has Led by billionaire Gautam Adani, the group rapidly expanded in recent years, with growth also fueled by as many as 30 acquisitions it did across key sectors. This included a $10.5 billion deal to buy cement assets from Swiss giant Holcim and the takeover of Indian TV network NDTV. While the group will continue to review acquisition opportunities, the Adani spokesperson said high debt costs will weigh. "The cost of debt and capital has gone up ... This is the first time this is happening in the last five to six years. So this year you will generally see less activity on the M&A side," he said. Last week, the group’s flagship company Adani Enterprises Adani Group plans to focus on existing projects for the next nine months, and ensure funds raised are used for that purpose, the spokesperson said, without giving details. After the Hindenburg report forced Adani to The company has been meeting investors to share its plans for the business and to raise funds, telling them that banks lent $2.3 billion to the group in recent months despite a...

Stock market today: Adani Ports and Special Economic Zone Ltd (APSEZ), a flagship Adani group company, has concluded the Myanmar Port sale for a total consideration of $ 30 million. The Adani group announced about the Myanmar port sales in one of its latest exchange communications on Thursday. After this stock market news, Adani Ports share price regained from its early morning losses and turned green, adding 1.50 per cent from its intraday low. Details of Myanmar port sales deal Given the continuous delay in the approval process and challenges in meeting certain CPs, APSEZ has obtained an independent valuation on “as is where is" basis. Thereby the buyer and seller have renegotiated the sale consideration to $30 million. The buyer will pay the said amount to the seller within 3 business days on completing all the necessary compliance by the Seller. On receipt of the total transaction value, APSEZ shall transfer the equity to the buyer and its exit will stand concluded. Adani Ports share price Like, other Adani group shares, Adani Ports share price came under huge sell off stress after the Hindenburg Research report on Adani group of companies, raising concerns over the debt positioning of the group companies. However, after tumbling to ₹395 odd levels from ₹761.20 apiece levels, Adani Ports share price today is ₹675 per share levels on NSE, surging around 70 per cent from its life-time low in the last three months. However, the Adani group share is still more than 30 per ...