BOM:532921

Adani Ports Executives Settle SEBI Disclosure Case

India's Securities and Exchange Board of India has settled adjudication proceedings against Adani Ports and Special Economic Zone (NSE:ADANIPORTS, BOM:532921) CEO Karan Adani and former CFO B. Ravi regarding disclosure violations, according to a Thursday exchange filing.Under the settlement, each executive paid 1.37 million rupees without admitting or denying the findings.The case stemmed from an inquiry into banking transactions and security deposits involving PMC Projects (India).

Adani Ports to Start Dedicated Empty Container Yard at Mundra

Adani Ports and Special Economic Zone (NSE:ADANIPORTS, BOM:532921) plans to launch a dedicated empty container yard with integrated warehousing at Mundra Port and SEZ, according to a filing on the exchange on Thursday.The facility will provide storage, maintenance, inspection, and movement of empty containers to exporters and container freight stations, with the company expecting faster turnaround, fewer container movements, and lower logistics costs.

Adani Ports and Special Economic Zone Books 19% Increase in August Cargo Handling

Adani Ports and Special Economic Zone (NSE:ADANIPORTS, BOM:532921) handled a record 50 million metric tons of cargo in August, up 19% from a year earlier.Growth was led by a 25% year on year jump in dry cargo and 15% increase in container volumes, according to a Wednesday filing on Indian bourses.For the first eight months of fiscal 2026, Adani Ports handled 234.4 million metric tons, up 16% year over year.Shares of the company rose over 1% in recent trade.

Adani Ports Step-Down Subsidiary Incorporates Wholly Owned MESA Unit

Adani Ports and Special Economic Zone (NSE:ADANIPORTS, BOM:532921) said its step-down subsidiary Astro Offshore PTE has incorporated a wholly owned subsidiary, Astro Offshore MESA Company, in the MESA region.The new entity, incorporated on Aug. 31, will conduct offshore operations locally as part of APSEZ's strategy to diversify its fleet globally, according to an exchange filing.The company said the move will support its plans to build an integrated marine platform and expand the geographic reach of its marine business.

US Court Dismisses Fraud Charges Against Adani's Founder

A US district court in New York has dismissed criminal fraud and conspiracy charges against Indian billionaire Gautam Adani, his nephew Sagar Adani and six other co-defendants, according to a court filing on Monday.In 2024, Adani and top executives of Adani Group were indicted over an alleged $265 million bribery scheme targeting Indian officials to secure solar energy contracts, while allegedly misleading US investors.The court accepted the Department of Justice's argument that the alleged misrepresentations about anti-bribery compliance amounted to "inactionable puffery" rather than material fraud.Adani welcomed the decision via social media, saying he has "deep respect for the judicial process."Adani founded Adani Group, which owns Adani Enterprises (BOM:512599, NSE:ADANIENT), Adani Ports and Special Economic Zone (NSE:ADANIPORTS, BOM:532921), Adani Green Energy (NSE:ADANIGREEN, BOM:541450), Adani Power (NSE:ADANIPOWER, BOM:533096) and more.

Adani Ports and Special Economic Zone Declines to Comment on Reported Bid for UK Port Operator

Adani Ports and Special Economic Zone (NSE:ADANIPORTS, BOM:532921) declined to comment on a media report that it is considering a bid for a controlling stake in U.K.-based port operator Associated British Ports.The company does not comment on market speculation or rumours, it said in a Wednesday filing with the Indian bourses.The Economic Times reported on Tuesday that Adani Ports is evaluating a bid for Associated British Ports, with two Canadian pension funds looking to sell their combined 63.9%.

Adani Ports to Sell 49% Stake in Vizhinjam Port for $1.4 Billion

Adani Ports and Special Economic Zone (NSE:ADANIPORTS, BOM:532921) has agreed to sell a 49% stake in Adani Vizhinjam Port to TiL, the terminal arm of Mediterranean Shipping Company, for $1.40 billion, according to a Tuesday filing to the Indian stock exchanges.Under the pact signed on Monday, the consideration will be paid in two tranches of $539 million and $858 million, contingent on completion of the expansion by December 2028.Vizhinjam port has a capacity of 1.6 million twenty-foot equivalent units (TEUs) and is undergoing expansion that will increase capacity by 3.5 times to 5.7 million TEUs.The transaction is subject to customary approvals, including regulatory ones.This is the third strategic partnership between Adani Ports and TiL after their collaborations at Mundra and Ennore ports.The company's shares were up over 1% in recent trade.

S&P Global Upgrades Adani Ports' Rating to BBB with Stable Outlook

S&P Global Ratings has upgraded its ratings for Adani Ports and Special Economic Zone's (NSE:ADANIPORTS, BOM:532921) long-term issuer credit rating and the issue rating on its senior unsecured notes to BBB from BBB-, with a stable outlook.The ratings agency said the upgrade was driven by the company's "strong operating cash flow and financials," which give it a greater cushion to accommodate large growth plans, according to a Thursday filing with the Indian stock exchanges.The stable outlook reflects the expectation that the company will sustain strong operating performance over the next 12-24 months and keep its net debt-to-EBITDA ratio at around 2.6 times despite elevated capital spending, S&P said.Adani, in its statement, said the upgrade elevates it to a rating level at par with India's sovereign rating assigned by S&P.

Adani Ports Expands Digital Partnership with Kaleris Across Global Terminal Network

Adani Ports and Special Economic Zone (NSE:ADANIPORTS, BOM:532921) has expanded its partnership with U.S.-based software company Kaleris to deploy advanced terminal operating and optimization systems across its ports and logistics network.The agreement includes implementation of Kaleris' terminal operating system and AI-enabled container handling and optimization tools, the company said in a Tuesday filing.The rollout will cover 15 container terminals across nine domestic and international ports, following earlier deployments at six locations.The initiative aligns with Adani Ports and Special Economic Zone's wider 2030 plans, which include an estimated $850 million investment toward decarbonization, technology upgrades, and cargo handling capacity expansion to one billion tonnes per annum.

Nomura Adjusts Adani Ports and Special Economic Zone's Price Target to INR2,080 from INR1,850, Keeps at Buy

Adani Ports and Special Economic Zone (NSE:ADANIPORTS, BOM:532921) has an average rating of buy and mean price target of 1,941.69 Indian rupees, according to analysts polled by FactSet.

Adani Ports and Special Economic Zone Wins 10-Year Marine Services Contract for Argentina LNG Export Project

Adani Ports and Special Economic Zone (NSE:ADANIPORTS, BOM:532921) has secured a 10-year contract to provide marine services for Argentina's first liquefied natural gas (LNG) export project, according to a Monday filing on Indian bourses.The contract has been awarded to Adani Ports' step-down subsidiary Adani Harbour International FZCO as part of a consortium with Argentina-based Meridian Group after a global tender by Southern Energy, the filing said.Under the agreement, the consortium will provide marine services including tugboat operations for LNG carriers, related offshore support and crew transfer services using four tugboats, one anchor handling tug supply vessel and a crew boat, the filing added.The project is expected to start commercial operations in September 2027 and produce about 2.45 million tons of LNG annually in the first phase, according to the filing.Shares of Adani Ports and Special Economic Zone fell nearly 1% in recent trade.

Adani Ports Wins 10-Year Argentina LNG Services Contract

Adani Ports and Special Economic Zone (BOM:532921, NSE:ADANIPORTS) secured a 10-year contract to provide marine services for Argentina's first liquefied natural gas export project, according to a Monday press release.The contract was awarded to Adani Harbour International FZCO, a step-down subsidiary of Adani Ports, through a consortium with Argentina-based Meridian Group, following a tender conducted by Southern Energy.The consortium will provide tugboat operations for LNG carriers, offshore logistics and supply support, and crew transfer services for the Southern Energy floating LNG project in Argentina.The project is expected to involve an investment of about $70 million and will be supported by four tugboats, an anchor-handling tug supply vessel, and a crew boat.

Adani Ports Forms New Subsidiary in UAE for Shipping Management

Adani Ports and Special Economic Zone (NSE:ADANIPORTS, BOM:532921) has incorporated a subsidiary, Harbour International Shipping, in the UAE for the management and operation of ships, according to a Friday filing to the Indian stock exchanges.The new entity is wholly owned by The Adani Harbour International, a step-down subsidiary of the company.Harbour International has been formed to conduct its offshore operations locally in the UAE, as Adani looks to diversify its fleet globally.

Kotak Securities Downgrades Adani Ports and Special Economic Zone to Add from Buy; Price Target is INR1,900

Adani Ports and Special Economic Zone (NSE:ADANIPORTS, BOM:532921) has an average rating of buy and mean price target of 1,922.46 Indian rupees, according to analysts polled by FactSet.

Jefferies Adjusts Adani Ports and Special Economic Zone's Price Target to INR2,160 From INR2,100, Keeps at Buy

Adani Ports and Special Economic Zone (NSE:ADANIPORTS, BOM:532921) has an average rating of buy and mean price target of 1,922.46 Indian rupees, according to analysts polled by FactSet.

Adani Ports and Special Economic Zone Logs 16% Boost in May Cargo Handling

Adani Ports and Special Economic Zone (NSE:ADANIPORTS, BOM:532921) handled a cargo volume of 48.3 million metric tons in May, up 16% from a year prior, according to a Tuesday Indian bourse filing.The growth was led by a 33% rise in the cargo volume of liquids and 17% boost in that of containers.The company's logistics rail volume slipped 19% year over year to 48,170 twenty-foot equivalent units.For the five months ended May 31, the firm handled 91.4 million metric tons of cargo, up 15% year over year, led by a 17% rise in container cargo.

Indian Equities End Flat on Wednesday as Profit Booking Erases Early Gains

Indian benchmark indices closed largely unchanged on Thursday after surrendering most of their early advances, as profit booking at higher levels capped gains despite positive opening momentum.The BSE Sensex fell 135.03 points, or 0.2%, to close at 75,183.36, while the NSE Nifty 50 slipped 4.30 points, or 0.02%, to settle at 23,654.70.Markets opened sharply higher and extended gains in early trade, supported by heavyweight stocks. However, sentiment turned cautious through the session amid persistent foreign fund outflows and continued weakness in the Indian rupee.In economic data news, the HSBC Flash India Composite Output Index eased to 58.1 in May from 58.2 in April, reflecting a moderation in growth across manufacturing and services activity.In corporate developments, JSW Cement (NSE:JSWCEMENT, BOM:544480) surged nearly 6% after fiscal fourth-quarter consolidated profit climbed to 3.71 billion rupees from 342.2 million rupees a year earlier.Adani Ports and Special Economic Zone (NSE:ADANIPORTS, BOM:532921) gained over 1% after agreeing to acquire Jaypee Fertilizers & Industries for 15 billion rupees as part of the resolution process for Jaiprakash Associates (NSE:JPASSOCIAT, BOM:532532).

Adani Ports to Acquire Jaypee Fertilizers for INR15 Billion

Adani Ports and Special Economic Zone (NSE:ADANIPORTS, BOM:532921) has agreed to acquire Jaypee Fertilizers & Industries, the holding company of Kanpur Fertilizers and Chemicals, for 15 billion Indian rupees, according to a Thursday filing to the Indian stock exchanges.The transaction is part of the implementation of the National Company Law Tribunal-approved resolution plan for Jaiprakash Associates (NSE:JPASSOCIAT, BOM:532532), which owns 100% stake in Jaypee Fertilizers.Kanpur Fertilizers holds 243 acres of land in Kanpur, India, which is strategically ideal for the development of a logistics park and warehousing facilities, which could help Adani's logistics business. The company aims to expand its multi-modal logistics park network from 12 to 16 and increase its warehousing capacity by approximately four times by 2031.The acquisition is also expected to help consolidate the company's inland logistics presence and service capabilities in North India.

Bob Capital Markets Downgrades Adani Ports and Special Economic Zone to Hold from Buy; Price Target is INR1,820

Jefferies Adjusts Adani Ports and Special Economic Zone's Price Target to INR1,980 From INR1,825, Keeps at Buy