NSE:ADANIPORTS

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.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)

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.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)

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.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)

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

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.