Adani Ports buys Australian coal export terminal in $2.5-billion non-cash deal
Adani Ports and SEZ officially announced that it has acquired a coal export terminal in Australia in a $2.4-billion non-cash deal.
Adani Ports and SEZ officially announced that it has acquired a coal export terminal in Australia in a $2.4-billion non-cash deal.
Adani Ports and Special Economic Zone's (APSEZ) consolidated net profit rose by 14.12 per cent to Rs 2,520.26 crore based on a 15.07 per cent increase in revenue from operations to Rs 7,963.55 crore in Q3 FY25 over Q3 FY24, according to a company statement issued here on Thursday.
In FY24, APSEZ handled a cargo volume of 419.95 MMT, 24 per cent higher than the previous fiscal.
The Vice President M Venkaiah Naidu today called upon exporters to explore newer markets to give a fillip to exports and maintain the economic momentum. He further said that the SEZs along with Export Oriented Units (EOUs) contribute about one-thirds of the country’s exports.
"We will announce any such development as and when any concrete decision is reached in such matters after evaluation," the filing noted.
The country's largest integrated logistics player APSEZ has 11 strategically located ports and terminals.
The government is likely to bring in an ordinance by next week to amend the SEZ Act to bring it…
A committee under the Minister of Environment, Forests and Climate Change has rejected GMR group's request to convert its aviation…
