The 12 per cent fall in Adani Ports and Special Economic Zone´s stock is the firm´s single largest decline in the past two years. It came on the back of research houses like Citigroup downgrading the stock from ´buy´ to ´neutral´ following a sharp increase in net debt, loans and advances.
Tag: Adani Ports
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Business Acumen
Karan Adani, son of Adani Group Chairman Gautam Adani, has been appointed as the CEO of Adani Ports and Special Economic Zone (APSEZ) with effect from January 1, 2016.
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Eventful journey ahead
After a hiatus in 2014, there are emerging signs of takers for PPP projects in some of the sectors, including ports. Baring some shortcomings, PPPs have achieved resonable success rate. However, it is too early to say that they have been a grand success.
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Need for speedy reforms
A holistic development model is required to push the sluggish growth in the ports sector. Looking at the bigger picture, from coal for power & steel plants to crude oil for refineries, ports provide a gateway for the majority of Indian trade.
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Ban on ZPMC cranes to affect Indian ports
The government decision to deny security clearance to the world´s biggest port crane maker, China´s state-owned Shanghai Zhenhua Heavy Industries Co (ZPMC), to supply cargo handling equipment to Major Ports will have serious implications for the country´s port industry, according to industry executives.
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JNPT: Port-focused to port-led development
A port-based multi-product Special Economic Zone (SEZ) at the Jawaharlal Nehru Port Trust (JNPT) will be a win-win situation for exim traders. This industrial infrastructure project will be established on 277 hectares
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Green clearance for Vizhinjam project tender
The Southern bench of the National Green Tribunal has allowed the Kerala Government to go ahead with tenders for the Vizhinjam international seaport and container terminal project.
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Opportunities on the horizon
India plans to more than double its port capacity to 3,200 million tonne at an investment of Rs 2.87 trillion by 2020, drivin the demand for more port handling equipment. Sudheer Vathiyath trains through the prevailing trends in port equipment market.
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APSEZ highest bidder at Ennore port
The Adani Ports & Special Economic Zone (APSEZ) has emerged as the highest bidder to construct a container terminal at the Ennore Port. The company offered highest revenue for the planned Rs 1,270 crore project, compared to DP World which was the runner. Third company, Singapore Port Authority (SPA) did not participate in the final financial bid. Totally 11 firms have shown interest in the technical bid, however only three firms came to financial bid, according to a port official.
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APSEZ appointed consultant to Dhamra Port
Adani Ports and Special Economic Zone (APSEZ) has been appointed as a management consultant to Dhamra Port, an equal joint venture of Larsen and Toubro (L and T) and Tata Steel. Dhamra Port wanted the expertise of Adani Ports in running the port.