THIRUVANANTHAPURAM: The flagship of the Adani Group, Adani Ports & SEZ, is transforming into a transport utility player, with a presence in every aspect of the business and not limited to the traditional ports segment, said managing director Karan Adani.“We don’t want to be limited to just being a port player. Our focus is on the entire logistics chain for …
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Adani Ports’ operational revenue grew by 23% year-on-year to Rs 8,488 crore Adani Ports Q4 results: Adani Ports witnessed a substantial 50% year-on-year increase in consolidated net profit, reaching Rs 3,023 crore for the quarter ending March 2024, compared to Rs 2,025 crore in the previous year’s corresponding period.The company’s operational revenue grew by 23% year-on-year to Rs 8,488 crore, …
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Representative Image (Danny generated IA Image) MUMBAI: Billionaire industrialist Gautam Adani intends to shift the ownership of an Australian port terminal to his publicly listed enterprise for $2 billion. The transaction involves Adani Ports issuing preferential shares to Carmichael Rail and Port Singapore Holdings, an entity under the Adani family’s control.The preferential share issuance will result in Carmichael Rail acquiring …
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Goldman Sachs’ top ideas for the current year are HDFC Bank with a target price of Rs 2,090, AU Small Finance with a target price of Rs 796, Titan with a target price of Rs 3,900, GCPL with a target price of Rs 1,370, Indigo with a target price of Rs 5,050, Adani Ports with a target price of Rs …
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Adani Ports and Special Economic Zone (APSEZ) reported a 14per centyear-on-year (YoY) increase in consolidated net profit for the December quarter of FY24-25, reaching Rs 2,518.39 crore. The growth was driven by higher income, according to the company’s regulatory filing on Thursday.India’s largest integrated logistics player had recorded a profit of Rs 2,208.21 crore in the same quarter last year. …
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