Centre allows Adani Krishnapatnam Port to import petroleum products
2 weeks ago

Centre allows Adani Krishnapatnam Port to import petroleum products

New Indian Express  

NEW DELHI: The government on Monday permitted Krishnapatnam Port in Andhra Pradesh, operated by Adani Ports and Special Economic Zone Limited, to import petroleum products by sea. Between April and October 2024, the value of petroleum product imports increased by 8.5% year-on-year to $14.1 billion, while exports of petroleum products declined by nearly 7% to $25.4 billion. Currently, under the Petroleum Rules, 2002, certain ports are designated for the import and export of petroleum products, including Mumbai, Kolkata, Cochin, Haldia, Kandla, Chennai, Mangalore, Marmugao, Okha, Port Blair, Visakhapatnam, and Tuticorin. Meanwhile, Adani Ports and Special Economic Zone Limited operates 13 domestic ports across eight maritime states: Gujarat, Maharashtra, Goa, Kerala, Andhra Pradesh, Tamil Nadu, Odisha, and West Bengal.

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Adani Ports share surge over 5 per cent as company returns to bond market after two years hiatus
11 months, 2 weeks ago

Adani Ports share surge over 5 per cent as company returns to bond market after two years hiatus

India TV News  

Adani Ports and Special Economic Zone shares rose 5.22 per cent in early trade on Tuesday to hit a 52-week high of Rs 1,229.90 after the company said on Monday that it plans to enter the bond market after a two-year hiatus. At the concluding session of the event, organised by the ruling DMK government, formal agreements were inked between …

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