Bigul

Gujarat govt helping Adani Ports 'secure monopoly', JPC essential: Congress

The Congress on Wednesday reiterated its demand for a joint parliamentary committee into the Adani issue and alleged that the Gujarat government was helping Adani Ports to "secure a monopoly" on the state's port sector. Congress general secretary in-charge communications Jairam Ramesh said the Gujarat government grants private ports a 30-year concession period on a Build-Own-Operate-Transfer (BOOT) basis, after which ownership gets transferred to the government of Gujarat. On the basis of this model, Adani Ports currently has control over Mundra, Hazira, and Dahej ports, he said. Before the 2024 Lok Sabha Elections, Adani Ports requested the Gujarat Maritime Board (GMB) to extend this concession period by another 45 years to 75 years in total, Ramesh claimed. "This was much beyond the maximum permissible period of 50 years, but the GMB hastened to request the Gujarat Government to do so anyways. The GMB was in such a hurry that it did so without approval from its Board, resulting
14-08-2024
Bigul

ADANI PORTS AND SPECIAL ECONOMIC ZONE LTD. - 532921 - Announcement under Regulation 30 (LODR)-Earnings Call Transcript

Transcript of Earnings Call pertaining to the Unaudited Financial Results for the quarter ended 30th June, 2024.
05-08-2024
Bigul

ADANI PORTS AND SPECIAL ECONOMIC ZONE LTD. - 532921 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome

Audio Recording of Analysts/Investors Call pertaining to the Unaudited Financial Results of the Company for the quarter ended 30th June, 2024.
01-08-2024
Bigul

Q1FY25 Quarterly Result Announced for Adani Ports & Special Economic Zone Ltd.

Marine Ports & Services company Adani Ports & Special Economic Zone announced Q1FY25 results: Financial Highlights: Volume grew 8% YoY to 109 MT Highest ever quarterly revenue at Rs 7,560 crore (21% YoY growth) Highest ever EBITDA and PAT at Rs 4,848 crore (up 29% YoY) and Rs 3,107 crore (up 47% YoY) respectively Net Debt to TTM EBITDA at 2.1x vs 2.3x in FY24 Domestic Ports contributed Rs 3,990 crore to EBITDA and Logistics contribution was at Rs 144 crore Domestic ports EBITDA expanded by 32 bps to 72% due to better asset sweating. Ratings upgrade from two domestic rating agencies & outlook upgrade from international rating agency Signed two new port concession agreements and won one new port O&M; contract Arrival of first mothership at the Vizhinjam transshipment port, equipped with South Asia’s most advanced container handling technology Operational Highlights: During the quarter, APSEZ clocked 109MMT of cargo volume (up 8% YoY). The growth was primarily driven by Containers (up 18% YoY) and Liquids & Gas (up 11% YoY). We had a temporary disruption leading to a loss of 5.7 MMT at the Gangavaram Port, which is now fully restored. Mundra port handled the highest every quarterly volume by any Indian port (51 MMT). Mundra, Kattupalli, Hazira, and Krishnapatnam featured in World Bank’s Container Port Performance Index 2023. The index benchmarks ports globally across multiple parameters including productivity, efficiency and reliability. Highest ever quarterly rail cargo (0.16Mn TEUs, up 19% YoY) and GPWIS volume (5.56 MMT, up 28% YoY). Container volume handled at MMLPs increased by 27% YoY to 103,784 TEUs. Ashwani Gupta, Whole-time Director & CEO, APSEZ, said: “FY25 has begun on a strong note for us with stellar performance on both financial and growth fronts. On the financial front, we posted all-time high earnings. But for the temporary disruption in Gangavaram Port, which is now fully restored, our Q1 cargo volume would have been at 114.7 MMT, a 13% increase. On the growth front, we won two new port concessions and a port O&M; contract. We are proud that four of our ports featured in World Bank’s Container Port Performance Index 2023” Result PDF
01-08-2024
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