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 probe into seizure of drugs worth Rs 21,000 crore at Mundra port in Gujarat In September, the Directorate of Revenue Intelligence seized containers with nearly 3,000 kg of heroin from the Mundra port in Gujarat's Kutch, managed by Adani Ports. Responding to criticism over the drug haul, the Adani Group later issued a statement saying, "No port operator across the country can examine a container.

Gujarat Port Iran Ports Adani Mundra  pakistan  statement  arrested  cargo  wont  mundra  including  afghanistan  port  adani  drug  handle  containers  iran  terminals  haul  ports  seizure

History of this topic

Congress questions ‘concessions’ given to Adani Ports in Gujarat
2 months, 4 weeks ago

Congress questions ‘concessions’ given to Adani Ports in Gujarat

The Hindu  

The Congress on Wednesday raised the issue of “concessions” being granted to Adani Ports so that it can gain “control” over the Mundhra, Hazira and Dahej ports in Gujarat for 75 years on a Build-Operate-Own-Transfer basis. He also referred to his remarks in August, in which he had alleged that the Gujarat government was helping Adani Ports to “secure a …

Adani Ports registers 47% profit growth, 21% revenue in April-June quarter
4 months, 3 weeks ago

Adani Ports registers 47% profit growth, 21% revenue in April-June quarter

Hindustan Times  

Adani Ports and Special Economic Zone on Thursday reported that its net profit or profit after tax jumped 47 per cent year-on-year during the April-June quarter to ₹3,107 crore, its earnings results showed. A general view of a container terminal is seen at Mundra Port, one of the ports handled by India's Adani Ports and Special Economic Zone Ltd, During …

Adani Ports gets nod for ₹45,000 crore Mundra expansion: Report
6 months, 1 week ago

Adani Ports gets nod for ₹45,000 crore Mundra expansion: Report

Hindustan Times  

Adani Ports & Special Economic Zone reportedly got a key environmental and coastal regulation zone approval to more than double the capacity of Mundra port at an investment of ₹45,000 crore. A general view of a container terminal is seen at Mundra Port, one of the ports handled by India's Adani Ports and Special Economic Zone Ltd, in Gujarat. "EAC, …

Adani Ports acquires Gopalpur Port in Odisha for Rs 3,080 crore from SP Group
8 months, 4 weeks ago

Adani Ports acquires Gopalpur Port in Odisha for Rs 3,080 crore from SP Group

India TV News  

Ahmedabad: Adani Ports and Special Economic Zone Ltd, India’s largest ports and logistics company, on Tuesday, announced that it has entered into a definitive agreement to purchase the 56 per cent stake of the SP Group and 39 per cent of Orissa Stevedores Limited in Gopalpur Port Limited. Gopalpur Port is well connected "As a deep draft, multi-cargo port, Gopalpur …

Adani Ports board approves raising up to ₹5,000 crore
11 months, 3 weeks ago

Adani Ports board approves raising up to ₹5,000 crore

Live Mint  

Adani Ports and Special Economic Zone Limited, on January 3, announced that its board of directors had granted approval for the mobilization of funds, with a cap of ₹5,000 crore, through a public issuance of non-convertible debentures. “We wish to inform you that the board of directors of Adani Ports and Special Economic Zone Limited has at its meeting held …

‘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 …

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 …

Tehran unhappy over Adani port's decision to not handle cargo from Iran
3 years, 2 months ago

Tehran unhappy over Adani port's decision to not handle cargo from Iran

The Hindu  

Iran has conveyed to India its displeasure over a decision by the Adani Ports to not handle any cargo originating from it along with Pakistan and Afghanistan following the seizure of nearly 3,000 kg of heroin at its Mundra port last month. The Adani Ports and SEZ Ltd, which operates Mundra Port in Gujarat, on Monday said it will not …

Won't handle container cargo from Iran, Pakistan, Iran says Adani ports
3 years, 2 months ago

Won't handle container cargo from Iran, Pakistan, Iran says Adani ports

Firstpost  

The advisory signed by Subrat Tripathy, CEO of APSEZ said that it will apply to all terminals operated by APSEZ and including third party terminals at any APSEZ port till further notice. Gandhinagar: Adani Ports and Special Economic Zone has issued a trade advisory stating that it will not handle Export-Import containerized cargo originating from Iran, Pakistan and Afghanistan with …

Adani Group set to develop Sri Lanka’s East Container Terminal in Colombo port
4 years, 1 month ago

Adani Group set to develop Sri Lanka’s East Container Terminal in Colombo port

Live Mint  

India’s Adani Group is the front-runner to develop Sri Lanka’s stalled East Container Terminal in Colombo port, people with knowledge of the matter said, helping billionaire Gautam Adani expand his port business overseas. Adani Ports and Special Economic Zone Ltd. and a local partner received an in-principle approval to sign a deal with Sri Lanka Ports Authority, which will hold …

Discover Related