BOM:532921

Nomura Adjusts Adani Ports and Special Economic Zone's Price Target to INR1,930 From INR1,850, Keeps at Buy

Adani Ports and Special Economic Zone's Consolidated Profit Rises in Fiscal Q4; Shares Down 3%

Adani Ports and Special Economic Zone's (NSE:ADANIPORTS, BOM:532921) consolidated attributable profit rose to 33.3 billion Indian rupees in the fiscal fourth quarter ended March 31, from 30.1 billion rupees a year ago.Earnings per share came in at 14.45 rupees from 13.95 rupees a year earlier, according to a Thursday filing to the Indian stock exchanges.Revenue from operations in fiscal Q4 also increased to 107.4 billion rupees from 84.9 billion rupees a year ago.The company's board has recommended a dividend of 7.50 rupees per equity share of 2 rupees each for the financial year 2025-26.The company's shares were down nearly 3% in recent trade.

Bondada Engineering Secures New Orders Worth INR1.25 Billion

Bondada Engineering (BOM:543971) has secured multiple orders totaling 1.25 billion Indian rupees for the supply of goods and on-site services for balance-of-system components for a 75 MW solar power project at Khavda in Gujarat, India.The orders have been received from Adani Green Energy (NSE:ADANIGREEN, BOM:541450), Adani Ports & SEZ (NSE:ADANIPORTS, BOM:532921), and Ambuja Cements (NSE:AMBUJACEM, BOM:500425).The contracts will be executed in three months.With this, the company's cumulative capacity executed for Adani Group has reached 725 MW.The company's shares were up over 1% in recent trade.