Tag: Adani Ports

Adani Ports rises nearly 3% on ratings upgrade

Adani Ports rises nearly 3% on ratings upgrade

19/06/2017 13:05

Shares of Adani Ports and Special Economic Zone Limited (APSEZ) soared nearly 3 per cent on the Bombay stock Exchange after Moody’s Investors Service revised the company’s Baa3 issuer and senior unsecured rating to stable from negative the outlook.

Boosted by the development, shares of the company gained as much as 2.95 per cent to hit intra-day high of Rs 373.35 apiece on the Bombay Stock Exchange. The scrip was currently trading at Rs 371.35 against previous close price of Rs 362.65.

In a similar fashion, stocks of company were trading 2.44 per cent higher at Rs 372.00 apiece on the National Stock Exchange.

Meanwhile, the broader benchmark BSE Sensex was trading at 31,205.00, up 148 points or 0.48 per cent, at 13:15 hours.

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APSEZ buys back NCDs worth Rs 670 cr

APSEZ buys back NCDs worth Rs 670 cr

28/02/2017 12:35

Adani Ports and Special Economic Zone (APSEZ) has bought back non-convertible debentures (NCDs) aggregating to Rs 670 crore.

“The company has today bought back 3,483 non-convertible debentures,” APSEZ said in a filing to the Bombay Stock Exchange.

The company said it bought back 2,889 NCDs aggregating to Rs 500 crore due to mature on April 28. It also bought back 594 NCDs aggregating to Rs 170 crore due to mature on September 15.

Meanwhile, shares of the company were trading at Rs 298.80 apiece, up 0.69 per cent from the previous close at 12:41 hours on BSE.

Adani Ports to raise $500 mn via foreign currency bonds

Adani Ports to raise $500 mn via foreign currency bonds

12/01/2017 11:20

Adani Ports and Special Economic Zone Ltd (APSEZ) today said its board has approved raising USD 500 million (over Rs 3,400 crore) by issuing foreign currency denominated bonds.

“The finance committee of the company has approved issuance of fixed rate senior unsecured notes aggregating to USD 500 million and has approved the pricing, tenure and other terms,” APSEZ said in a BSE filing.

The USD 500 million issue will mature on January 19, 2022 and interest rate on the notes is payable at 3.95 per cent semi annually.

Earlier this week, APSEZ had said it is contemplating issuing foreign currency denominated bonds.

Meanwhile, shares of the company were trading at Rs 292.15 apiece, down 1.20 per cent from the previous close at 11:26 hours on BSE.

RBI allows FIIs to buy up to 49% stake in Adani Ports

RBI allows FIIs to buy up to 49% stake in Adani Ports

03/10/2016 11:05

The Reserve Bank of India has allowed foreign investors to raise their stake in Adani Ports and Special Economic Zone Ltd to 49 per cent. Foreign institutional investors (FIIs)/registered foreign portfolios investors (RFPIs) can under the portfolio investment scheme invest up to 49 per cent of paid-up capital in Adani Ports and Special Economic Zone, the RBI said in a notification.

The earlier limit was 40 per cent.

Meanwhile, shares of the company were trading at Rs 264.35 apiece, up 2.96 per cent from the previous close at 11:08 hours on BSE.

Adani Ports and Special Economic Zone raises Rs 1000 cr via NCDs

Adani Ports and Special Economic Zone raises Rs 1000 cr via NCDs

18/07/2016 17:19

Adani Ports and Special Economic Zone Ltd said that it has raised Rs 1000 crore by issuing Non-Convertible Debentures (NCDs) each on private placement basis.

“The Company has raised Rs. 1,000 crores on July 18, 2016 by allotment of 10,000 Rated, Listed, Secured, Taxable, Redeemable, Non-Convertible Debentures (NCDs) of the face value of Rs. 10,00,000/- each on private placement basis,” it said in a filing to the Bombay Stock Exchange.

The said NCDs will be listed on the Wholesale Debt Market segment of BSE Limited, the filing added.

Meanwhile, shares of the company closed trading at Rs 218 apiece, down 0.82 per cent from the previous close on BSE.

Adani Ports raises Rs 252 cr via NCDs

Adani Ports raises Rs 252 cr via NCDs

05/07/2016 11:05

Adani Ports and Special Economic Zone Ltd said that it has raised Rs. 252 crores through issue of Non-Convertible Debentures (NCDs) on private placement basis.

“The Company has raised Rs. 252 crores (Rupees Two Hundred Fifty Two Crores only) on July 04, 2016 by allotment of 2,520 Rated, Listed, Secured, Taxable, Redeemable, Non-Convertible Debentures (NCDs) of the face value of Rs. 10,00,000/- each on private placement basis,” the company said in a filing to the Bombay Stock Exchange.

The said NCDs will be listed on the Wholesale Debt Market segment of BSE Limited, the filing added.

Meanwhile, shares of the company were trading at Rs 214.65 apiece, up 0.68 per cent from the previous close at 11:06 hours on BSE.

Markets remain weak; Tata Motors, Bharti Airtel shares dip

10/06/2016 10:27

The key domestic benchmark indices were trading in a negative terrain during the morning trading session on Friday tracking sluggish cues from global peers as traders shifted their focus to safe-haven assets amid lingering concerns about UK referendum and US Fed decision.

The markets are expected to remain cautious ahead of the industrial output data for April 2016 scheduled to release today which may offer further cues over the health of the country’s economy. In March 2016, India’s industrial output climbed a miniscule 0.1 per cent, year on year.

At 10:25 AM, the Bombay Stock Exchange bellwether Sensex was at 26730.3 down by 33.16 points or by 0.12 per cent, while the NSE Nifty was at 8198.55 points, trading lower by 5.05 points or by 0.06 per cent.

The BSE Sensex touched an intraday high of 26757.17 and an intraday low of 26683.08 while the NSE Nifty touched an intraday high of 8205.3 and an intraday low of 8179.05.

The top gainers of the BSE Sensex pack were Bharat Heavy Electricals Ltd. (Rs. 125.60,+3.63 per cent), Lupin Ltd. (Rs. 1445.20,+1.21 per cent), NTPC Ltd. (Rs. 152.15,+1.16 per cent), Adani Ports & Special Economic Zone Ltd. (Rs. 204.05,+0.99 per cent), Cipla Ltd. (Rs. 484.00,+0.85 per cent), among others.

Meanwhile, Tata Motors Ltd. (Rs. 462.70,-0.86 per cent), Bharti Airtel Ltd. (Rs. 348.55,-0.67 per cent), ITC Ltd. (Rs. 352.00,-0.66 per cent), Infosys Ltd. (Rs. 1179.15,-0.53 per cent), Housing Development Finance Corporation Ltd. (Rs. 1231.95,-0.52 per cent), were among the top losers on BSE.

The Market breadth, indicating the overall strength of the market, was strong. On BSE out of total 1983 shares traded, 1278 shares advanced, 607 shares declined while 98 were unchanged.

On the global front, Asian stocks were trading lower today as investors sought protection in safe-haven assets amid growing concerns over the 23rd June referendum that could see Britain exit the European Union. US stocks closed lower yesterday after three days of gains as crude oil futures pulled back from 10-month highs.

Ind-Ra assigns IND AA+ rating to APSEZ’s Rs 200 cr NCDs

08/06/2016 16:42

Adani Group’s arm Adani Ports and Special Economic Zone Ltd (APSEZ) on Wednesday said credit rating services agency, India Ratings & Research Pvt Ltd (Ind-Ra), has assigned final ‘IND AA+’ rating with stable outlook to the company’s Rs 200 crore Non-Convertible Debentures (NCDs).

“Ratings & Research Private Limited has assigned final ‘IND AA+’ rating with stable outlook for the company’s Non-Convertible Debentures (NCDs) of Rs 200 crore,” Adani Transmission Ltd said in a filing to the Bombay Stock Exchange on June 08, 2016.

Earlier, India Ratings & Research has assigned ‘Provisional IND AA+’ rating with a stable outlook for proposed Non-Convertible Debentures (NCDs) of Rs 200 crore to the company.

Meanwhile, shares of the company closed at Rs 203.70 apiece, down 0.95 per cent, from previous close on BSE.

Adani Ports Q4 net surges 38.3 pct at Rs 914.06 cr

Adani Ports Q4 net surges 38.3 pct at Rs 914.06 cr

04/05/2016 12:24

Adani Ports and Special Economic Zone Ltd reported a growth of 38.3 per cent in it’s consolidated net profit after taxes (PAT) at Rs 914.06 crore for the fourth quarter ended March 31, 2016, supported by rise in revenue from operations.

“The consolidated net profit of the Adani Group arm stood at Rs 660.73 crore during the same period a year ago,” Adani Ports and Special Economic Zone Ltd said in a filing to the BSE.

Further, the consolidated total income of the company increased 18 per cent at Rs 2,161.65 crore during Q4 FY 16, as compared to Rs 1,831.85 crore in the same quarter last year.

During the quarter under review, total expenditure of the India’s largest port developer, however, rose to Rs 977.88 crore, as against Rs 832.91 crore in Q4 FY 15.

Consolidated cargo for Q4 FY16 stood at 37 MMT thereby continuing its leadership as the single largest commercial port in India, it said in a statement.

Commenting on the performance, Adani Group, Chairman, Gautam Adani said, “Our strategy continues to bear fruit, with total operating income for the first time exceeding the US$ 1 billion mark. With an expanded footprint at 10 locations along the Indian coastline, we aim to continue to drive growth within our ports business, as well as look to the further development of industrial clusters and full-service logistics, with the ultimate goal of building a fully integrated logistics player of significant scale.”

Speaking on the results, APSEZ, CEO, Karan Adani said, “Our guidance for the next year, cargo volumes likely to see 10 per cent to 15 per cent growth and corresponding 10 per cent to 15 per cent growth in profit after tax.”

For the full year, it has posted a net profit of Rs 2,867.36 crore for the year ended March 31, 2016 as compared to Rs 2,314.33 crore for the year ended March 31, 2015. It’s total income has increased from Rs 6,837.62 crore for the year ended March 31, 2015 to Rs 7,940.55 crore for the year ended March 31, 2016.

Despite earnings, shares of the company were trading at Rs 213 apiece, down 9.71 per cent, from previous close on BSE at 12:25 hours.