Adani firm APSEZ planing port development in Philippines

APSEZ plans a deep port in Bataan, Philippines with President Marcos’ support. Investment focus includes ports, airports, power, and defence. Starting regionally, aiming for agricultural product ports, and enhancing gateways for tourism and business.

APSEZ to invest in Bataan, Philippines for a 25m deep port. President Marcos supports the expansion. Strong financial performance reported with 76.87% net profit increase and significant cargo handling in India.

Adani Ports and Special Economic Zone (APSEZ) plans a capital expenditure of Rs 10,500-11,500 crore in FY25. Acquisition of Gopalpur Port aims to boost cargo volumes by 500 MMT. FY25 targets include 460-480 MMT cargo volumes and Rs 29,000-31,000 crore revenue. EBITDA expected at Rs 17,000-18,000 crore with net debt to EBITDA ratio around 2.2-2.5x.

Adani Ports and Special Economic Zone Ltd (APSEZ) reported a 12% YoY growth in April, handling 36.2 million MMT of cargo across most domestic ports. The growth was recorded across dry (+7% YoY), liquid & gas (+29%), and container (+14%) categories. APSEZ, part of Adani Group, is India’s largest port developer and operator.

Adani Ports and Special Economic Zone (APSEZ) announced receiving an AAA rating from CARE Ratings, making it the first major private infrastructure developer to achieve this distinction. The rating reflects APSEZ’s strong business model, industry position, market share growth, profitability, liquidity, and low leverage.

The Sri Lankan Cabinet has decided to renovate the Kankesanthurai Port in the Northern Province, with India agreeing to fund the entire project at a cost of USD 61.5 million. The Kankesanthurai Port, located in the northern region of Sri Lanka, covers approximately 16 acres and is situated 104 kilometers (56 nautical miles) from Karaikal […]

India’s ambition to be a manufacturing powerhouse got a boost with Adani Group’s Vizhinjam Port in Kerala getting approval to operate as India’s first transshipment port. The port’s strategic location between the Suez Canal and the Strait of Malacca will enhance India’s global sea trade presence, attracting ultra-large container vessels and boosting container traffic.

Adani Group’s Vizhinjam Port in Kerala has received approval to operate as India’s first transshipment port, facilitating the transfer of cargo between ships. The shipping ministry’s nod allows customs to establish an office at the port. The project, started in 2015, aims to tap into India’s transshipment cargo, which is currently handled by foreign ports […]

Logistics prioritize cost, speed for last-mile delivery. Last-Mile Trends Report 2024 shows shift to cost, speed priority. CEO predicts 30% urban drone deliveries. 80% supply chain leaders prioritize cost measurement.

Workers’ protest at Adani’s Gangavaram Port disrupts coal supply to RINL’s Visakhapatnam plant. RINL deploys strategies like diverting ships, availing commodity loans, and calling global tenders to mitigate disruptions and ensure operational continuity.