In Short : Adani Ports & SEZ posted a 31% YoY revenue rise and 6.5% profit growth in Q1, with volumes up 11%. Analysts from Goldman Sachs, HSBC, Kotak, and Jefferies back the stock despite Gautam Adani’s shift to Non-Executive Chairman, citing strong EBITDA, improved margins, and sustained growth outlook in ports, logistics, and international […]
Adani Ports secures top position for its climate actions, environmental performance – EQ
In Short : Adani Ports has achieved the top position for its climate actions and environmental performance. This recognition highlights the company’s commitment to sustainable practices and signifies its efforts in mitigating climate change and contributing to environmental conservation. In Detail : Around 23,000 companies, worth over half of the global listed market cap, participated […]
Adani Ports announces plans to repurchase an additional $195 million worth of bonds
In Short : Adani Ports is planning to repurchase an additional $195 million worth of bonds. This move underscores the company’s financial strategy to manage its debt and optimize its capital structure. By buying back these bonds, Adani Ports aims to improve its financial position and potentially reduce its interest expenses, contributing to its overall […]
Adani Ports aims to boost renewable energy mix – EQ Mag
Adani Ports to pay $130 million of debt early – EQ Mag
Adani Ports had floated a tender of up to $130 million of 3.375% 2024 maturity dollar-denominated bonds late last month. India’s Adani Ports and Special Economic Zone, a group company of the beleaguered Adani Group, said on Tuesday that it would pay $130 million of its debt early, after nearly $413 million worth of debt […]
India’s Adani Ports starts $130 million buyback of debt securities – EQ Mag
India’s Adani Ports and Special Economic Zone, a group company of the beleaguered Adani Group, said on Monday it has started a buyback programme of certain debt securities to partly prepay near-term loans due in 2024. Adani Ports said in an exchange filing that it has floated a tender of up to $130 million in […]
India’s Adani Ports to consider buyback of debt securities – EQ Mag
BENGALURU : India’s Adani Ports and Special Economic Zone, a group company of the beleaguered Adani Group, said on Wednesday it will consider its first and a partial buyback of certain of the company’s debt securities at a board meeting on April 22. Adani Ports will consider the buyback of the securities, which will either […]