Adani Ports and Special Economic Zone Limited (Adani Ports) on Tuesday approached the Supreme Court challenging the disqualification of its bid in connection with the tender issued for upgradation of the container terminal in Navi Mumbai by the Board of Trustees of Jawaharlal Nehru Port Authority (JNPA). Senior advocate Abhishek Manu Singhvi appearing for Adani Ports mentioned the matter […]
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Equities trade gap down, Adani Ports tumbles
Equity benchmark indices traded lower during early hours on Thursday tracking losses across Asian peers, a day after the US Federal Reserve projected at least two interest rate hikes in 2023. At 10:15 am, the BSE S&P Sensex was down by 125 points or 0.24 percent at 52,377 while the Nifty […]
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Equity indices trade lower, Adani Ports down 17 pc
Broad equity indicators dipped during early hours on Monday dragged by metal and banking stocks. At 10:15 am, the BSE S&P Sensex was down by 177 points or 0.34 percent at 52,298 while the Nifty 50 edged lower by 76 points or 0.48 percent to 15,723. Except for Nifty IT which inched […]
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Adani Ports to acquire controlling interest of 58.1 pc in Gangavaram
The Adani Ports and Special Economic Zone (APSEZ) Ltd., India’s largest private ports and logistics company and flagship transportation arm of the diversified Adani group, is acquiring the 58.1 percent stake held by DVS Raju and family in Gangavaram Port Limited (GPL). The acquisition is valued at Rs 3,604 crore and subject to […]
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Adani Ports acquires Dighi Port, earmarks Rs 10,000 crore to build new gateway into Maharashtra
Adani Ports and Special Economic Zone (APSEZ) has completed the acquisition of a 100 percent stake of Dighi Port Ltd (DPL) for Rs 705 crore. DPL, the 12th port to join APSEZ’s string of economic gateways across the eastern and western coast of India will establish the company’s footprint in Maharashtra, the largest contributor […]