Launched in March 2023, MSC IRINA began its maiden voyage in April of the same year.
As part of its investments, Adani Group plans to set up four new cement plants in Rajasthan to build additional capacity of 6 mtpa, says Karan Adani
The Adani Group has already invested Rs 18,250 crore in Madhya Pradesh, helping create 12,000 jobs, Karan Adani said.
APSEZ boasts seven strategically positioned ports and terminals along the west coast and eight on the east coast of the South East Asian country.
The Adani group is only interested in bidding for AAI’s stake in the Mumbai airport and is not looking at Delhi, Bengaluru and Hyderabad airports
Around Rs 30,000 crore will be spent on the ‘airside’ in the next five years, while another Rs 30,000 crore will be allocated to the ‘cityside’ in the next five to 10 years at its seven existing airports.
The company also announced the appointment of Ashwani Gupta as the chief executive officer.
In the initial nine months of FY24, APSEZ managed around 311 MMT of total cargo, which is a healthy 23 percent on-year growth
CEO of Adani Ports & Special Economic Zone Ltd Karan Adani at the inaugural session of Andhra Pradesh Global Investors Summit 2023. Watch!
Adani Ports will also be looking to invest Rs 4,000-4,500 crore as capital expenditure in 2023-24, whole-time director and Chief Executive Officer Karan Adani said
Karan Adani, 35, is an economics graduate from Purdue University, US, and has been overseeing Adani Ports and SEZ Ltd, which has grown from two ports to a string of 10 ports and terminals.
Karan Adani, 35, is currently the chief executive officer of Adani Ports and Special Economic Zone Ltd.
ICD Tumb is one of the largest inland container depots located between Hazira port and the Nhava Sheva portu, and has a capacity of 0.5 million TEU.
While speaking at Amazon Smbhav 2022, son of Asia's richest man Gautam Adani, said that there is fire in the belly of Micro, Small and Medium Enterprises (MSMEs) in rural India and tier 2 or 3 three cities where there is need to improve technical infrastructure to tap into the firepower the country has for growth.
For this project, APSEZ will partner with John Keells Holdings PLC and Sri Lanka Ports Authority (SLPA) as a part of the consortium awarded this mandate. APSEZ has been awarded the LoI to develop WCT in a build, operate and transfer basis for a period of 35 years as a public-private partnership.
The company, part of the globally diversified Adani Group which is the largest integrated logistics player in India, had achieved cargo throughput of 223MT in the last fiscal.
Adani Ports and Special Economic Zone Ltd (APSEZ) today reported a 25.82 percent jump in its consolidated net profit to Rs 849.75 core for the quarter ended December 2016, on the back of increased income.
BBB ratings indicate low default risk currently low. The capacity for payment of financial commitments is considered adequate but adverse business or economic conditions are more likely to impair this capacity.
Adani Ports and Special Economic Zone Chief Executive Karan Adani on June 9 said the company would go ahead with the Vizhinjam International Deepwater multi-purpose seaport project
"Next one year, we will just focus on completing our expansion of the existing projects," Adani Ports and Special Economic Zone Chief Executive Karan Adani told reporters here at the Maritime India Summit.
Total income from operations rose to Rs 1,717.86 crore during the October-December quarter as against Rs 1,548.45 crore during the corresponding quarter of the previous fiscal.
Adani International Container Terminal Private Ltd (AICTPL) is a 50:50 joint venture with Terminal Investment Ltd, an arm of Swiss-based Mediterranean Shipping Company SA (MSC), the second largest shipping liner in the world.
It also approved the "appointment of Karan, Executive Director (non-board position) as CEO of the company with effect from January 1, 2016," the filing said.
Taking a major step forward on the state's ambitious Rs 7,500 crore Vizhinjam deep sea port project, Kerala government and Adani Ports decided to sign the construction agreement on August 17.