‘All safe,’ says Adani Port as stock drops amid Israel's Haifa Port concerns post Hamas attack
1 year, 2 months ago

‘All safe,’ says Adani Port as stock drops amid Israel's Haifa Port concerns post Hamas attack

Hindustan Times  

Gautam Adani-led Adani Ports and SEZ Limited, which acquired Israel's Haifa port earlier this year, said on Monday that their business remains safe amidst the recent Hamas attack and ensuing conflict. Adani Group Chairman Gautam Adani with Israel PM Benjamin Netanyahu during a handing over ceremony of Haifa Port to Adani, Israel. Israel-Hamas War LIVE Updates The shares of Adani Ports And Economic Zone dropped up to 4.7 per cent on Monday, as investors expressed concerns about the potential escalation of the Israel conflict. The contribution of Haifa port to Adani Ports' overall cargo volume is relatively modest, accounting for only 3 per cent, according to the company's statement.

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History of this topic

Adani’s resurgence: A $5-7 bn war chest for cement, ports, defence acquisitions
3 months ago

Adani’s resurgence: A $5-7 bn war chest for cement, ports, defence acquisitions

Live Mint  

The Adani group has created a war chest of $5-7 billion for acquisitions over the next six months, reviving an aggressive growth strategy that had defined the airports-to-electricity conglomerate before US-based short-seller Hindenburg Research hit it with its alarming allegations. Two people directly aware of the Adani group’s plans said the conglomerate plans to acquire companies primarily in cement, airports, …

Adani to build a port in Vietnam to increase international presence
5 months, 1 week ago

Adani to build a port in Vietnam to increase international presence

Hindustan Times  

The Adani Group is planning to build a port in Vietnam in a move to develop overseas infrastructure and tap into opportunities from the increasing trade surrounding that region, Bloomberg reported. Adani Ports and Special Economic Zone Ltd., India's largest port operator, got an “in-principle approval from the Vietnamese government” to develop a port from scratch in Da Nang, Vietnam, …

Adani Group eyeing opportunities in neighbouring countries, says Karan Adani
1 year, 1 month ago

Adani Group eyeing opportunities in neighbouring countries, says Karan Adani

Live Mint  

Days after announcing a significant $553 million investment from the United States government for its West Container Terminal in Colombo, Sri Lanka, Karan Adani, CEO of Adani Group told reporters Adani Ports is eyeing further “opportunities in our neighboring countries", Bloomberg reported. The investment is not only a strategic move for the Adani Group but also signals Washington's endorsement of …

Israel-Hamas war impact? Adani Ports share price down about 7% in October so far
1 year, 1 month ago

Israel-Hamas war impact? Adani Ports share price down about 7% in October so far

Live Mint  

Adani Ports share price declined 0.26 per cent to close at ₹769.10 on BSE on Wednesday, October 25, following the company's announcement of incorporating its wholly owned subsidiary firm Udanvat Leasing IFSC Limited. "Adani Ports and Special Economic Zone has incorporated a wholly owned subsidiary company Udanvat Leasing IFSC Limited on October 23, 2023," said Adani Port and Special Economic …

Adani Ports share price rises 3% as brokerages expect up to 28% upside potential
1 year, 2 months ago

Adani Ports share price rises 3% as brokerages expect up to 28% upside potential

Live Mint  

Adani Ports & Special Economic Zone Ltd share price rebounded over 3% on Tuesday's session after tumbling by almost 5% on Monday due to concerns about conflict in Israel, where the company owns a key port. Adani Ports share price opened at an intraday low of ₹799.95 apiece on BSE. Analysts indicated that even in the worst case, the impact …

Ex-Israel Envoy to India named Executive Chairman of Adani group’s Haifa Port
1 year, 8 months ago

Ex-Israel Envoy to India named Executive Chairman of Adani group’s Haifa Port

Live Mint  

The former Ambassador of Israel to India Ron Malka has been appointed as Executive Chairman of Haifa Port Company, which is owned by a consortium of Adani Ports and Special Economic Zone Ltd and Israel’s Gadot Group. The experience and expertise of Adani and Gadot, combined with the dedication of the port workers, will take Haifa Port to new heights …

These 2 brokerages have a ‘buy’ on Adani Ports; here’s why they see a 35% upside
1 year, 9 months ago

These 2 brokerages have a ‘buy’ on Adani Ports; here’s why they see a 35% upside

Live Mint  

JM Financial has initiated coverage on Adani Ports with a ‘buy’ rating and a target price of ₹800 - about 35% jump from the current market price of ₹591. Adani Ports and SEZ, which has 13 ports across India with >600 million tonnes total capacity, has demonstrated its ability to successfully construct /acquire assets in India and create significant value …

'Enough money': Adani Group reassures investors at Singapore roadshow
1 year, 9 months ago

'Enough money': Adani Group reassures investors at Singapore roadshow

Hindustan Times  

Adani Group executives emphasized the company’s ability to honor its obligations in coming years and generate cash, according to investors attending the first day of an Asia roadshow. The group’s officials told roadshow participants that it has enough money to repay debt maturing over the next three years and that it has an $800 million credit facility, according to the …

Adani Group paid in full for Haifa port, eyes other projects, says Israeli envoy
1 year, 10 months ago

Adani Group paid in full for Haifa port, eyes other projects, says Israeli envoy

Hindustan Times  

The handing over of Haifa port to Adani Group reflects Israel’s “deep trust” in entrusting its strategic assets to Indian companies, Israeli ambassador Naor Gilon said on Wednesday against the backdrop of a downturn in the fortunes of the conglomerate. Israeli ambassador Naor Gilon said the trust and intimacy built up in India-Israel relations over three decades is the foundation …

Share debacle a rare setback for Indian tycoon Adani
1 year, 10 months ago

Share debacle a rare setback for Indian tycoon Adani

Associated Press  

NEW DELHI — Indian billionaire Gautam Adani grinned as he posed this week for photos with Israeli leader Benjamin Netanyahu after acquiring one of the country’s main ports, in Haifa. The Adani Group said in a statement that canceling the offering would not “have any impact on our existing operations and future plans.” The Adani Group said its balance sheet …

Gautam Adani, one of India's most powerful men, suffers a rare defeat
1 year, 10 months ago

Gautam Adani, one of India's most powerful men, suffers a rare defeat

Hindustan Times  

India's Gautam Adani, the school dropout who rose to become one of the world's richest men, suffered a stunning defeat on Wednesday when his flagship firm withdrew a blockbuster share sale after an attack by a small U.S. investment firm over his business practices. The move came after Adani's companies lost nearly $86 billion in the stock market as investors …

‘Enormous milestone’: Israeli PM Netanyahu after Adani acquires Haifa port
1 year, 10 months ago

‘Enormous milestone’: Israeli PM Netanyahu after Adani acquires Haifa port

Hindustan Times  

After Adani Group on Tuesday acquired Israel’s port of Haifa for USD 1.2 billion, Israeli Prime Minister Netanyahu said that it is an “enormous milestone”. According to him, it will “significantly improve connectivity between the two countries in many ways.” Adani Group Chairman Gautam Adani with Israel PM Benjamin Netanyahu during a handing over ceremony of Haifa Port to Adani, …

Israeli PM Netanyahu Describes Haifa Port Deal with Adani Group as 'Enormous Milestone'
1 year, 10 months ago

Israeli PM Netanyahu Describes Haifa Port Deal with Adani Group as 'Enormous Milestone'

News 18  

Israeli Prime Minister Benjamin Netanyahu on Tuesday described the Haifa port deal with the Adani Group as an ”enormous milestone”, saying it will significantly improve connectivity between the two countries in many ways. And today, it’s very robust Indian investors who are helping to liberate the port of Haifa,” Netanyahu said after signing the port book along with Adani Group …

Adani Group enters Israel with Haifa port acquisition
1 year, 10 months ago

Adani Group enters Israel with Haifa port acquisition

India Today  

The Adani Group marked its entry into Israel with the takeover of the Haifa port, a deal described as an “enormous milestone” by Israeli Prime Minister Benjamin Netanyahu. On Tuesday, Adani Group chairman Gautam Adani attended the ceremony at Haifa port Temporary Cruise Terminal. ENOURMOUS MILESTONE: ISRAEL PM ON ADANI TAKEOVER OF HAIFA PORT Israeli Prime Minister Benjamin Netanyahu described …

Indian coal magnate Gautam Adani steps up green investments
2 years ago

Indian coal magnate Gautam Adani steps up green investments

Associated Press  

NEW DELHI — Asia’s richest man, Gautam Adani, made his vast fortune betting on coal as an energy hungry India grew swiftly after liberalizing its economy in the 1990s. The college drop out from a middle-class family fits the government’s need for “national champions,” both to meet domestic goals and as private sector partners in strategic projects outside India, said …

Adani Ports seal Israel’s Haifa Port bid with Gadot for $1.18 billion
2 years, 5 months ago

Adani Ports seal Israel’s Haifa Port bid with Gadot for $1.18 billion

Live Mint  

Billionaire Gautam Adani's firm Adani Ports on 14 July won the tender for privatisation of Israel's Haifa Port along with it business local partner chemical and logistics group Gadot. Informing about the latest update, Gautam Adani took to twitter and wrote, "Delighted to win the tender for privatization of the Port of Haifa in Israel with our partner Gadot. Earlier …

After drug haul at Mundra, Adani Ports says won't handle cargo from Iran, Pakistan or Afghanistan
3 years, 2 months ago

After drug haul at Mundra, Adani Ports says won't handle cargo from Iran, Pakistan or Afghanistan

India Today  

In a statement on Monday, Adani Ports and Logistics said it will not handle "EXIM containerised cargo originating from Iran, Pakistan and Afghanistan" starting November 15. One of the country's largest commercial port operators, Adani Ports and Logistics has a presence across 13 domestic ports in seven states, including Gujarat, Maharashtra, Kerala, Tamil Nadu and Odisha. READ: NIA takes over …

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