Bhubaneswar, April 8 (IANS) Karan Adani, Managing Director of Adani Ports and Special Economic Zone (APSEZ), on Wednesday announced to invest Rs 33,081 crore in Odisha across three projects — a data centre in Bhubaneswar and a thermal power plant and a cement manufacturing unit near Cuttack — that will create a total of 9,700 jobs.The first project is a data centre in Bhubaneswar with an investment of Rs 800 crore, which he said will support the digital economy and create around 200 jobs.The s…
Latest Adani Ports and Special Economic Zone News & Updates
Mumbai, April 1 (IANS) Indian stock markets ended Wednesday’s session on a strong note, although they gave up a large part of their early gains as optimism around easing tensions between the US and Iran faded later in the day.The benchmark indices Nifty and Sensex both closed higher, snapping their two-day losing streak.The Nifty settled at 22,679.40, up 348 points or 1.56 per cent, while the Sensex rose 1,186.77 points or 1.65 per cent to end at 73,134.34.Commenting on Nifty technical outlook…
New Delhi, March 13 (IANS) As global supply chains face recurring disruptions from geopolitical tensions and shifting trade routes, resilient infrastructure and logistics networks will be critical to sustaining economic growth, said Karan Adani, Managing Director (MD), Adani Ports and Special Economic Zone (APSEZ), and Director, Adani Cement, at the annual leadership summit of a media group here on Friday.He noted that the ongoing crisis in West Asia has highlighted the vulnerability of global t…
Mumbai, March 5 (IANS) Indian stock markets ended sharply higher on Thursday, with benchmark indices logging their best session in over a month as easing geopolitical tensions between the United States and Iran boosted investor confidence.The Nifty closed 1.17 per cent, or 285.40 points, higher at 24,765.90. Meanwhile, the Sensex rose 899.71 points, or 1.14 per cent, to end the day at 80,015.90.“The market is not completely out of the woods yet, and the current move should be considered only a…
Mumbai, Feb 23 (IANS) Indian stock markets extended their gains for the second straight session on Monday, supported by buying in PSU banks and healthcare stocks. Positive global cues also boosted investor sentiment after the US Supreme Court ruled against the reciprocal tariffs announced by US President Donald Trump.The benchmark Nifty ended 0.55 per cent higher, gaining 141.75 points to close at 25,713. The Sensex rose 0.58 per cent, or 479.95 points, to settle at 83,294.66.Commenting on Nifty…
Thiruvananthapuram, Jan 24 (IANS) Karan Adani, Managing Director of Adani Ports and Special Economic Zone (APSEZ), on Saturday, said the Vizhinjam International Seaport is the largest investment ever committed by any business house in Kerala and will see an additional investment of Rs 16,000 crore.Speaking at the foundation stone-laying ceremony of Vizhinjam Port Phase-2, Karan Adani said the port has already made a global mark within a short period of commencing operations.”In just 15 months of…
Ahmedabad, Jan 15 (IANS) Moody’s Ratings on Thursday revised the outlook on Adani Ports and Special Economic Zone’s (APSEZ) ratings to stable from negative, along with reaffirming ‘Baa3’ investment grade rating — reflecting confidence in APSEZ’s creditworthiness and long-term financial prospects.Moody’s Ratings also affirmed Baa3 senior secured ratings of Adani Transmission Step-One Limited (ATSOL) and Adani Electricity Mumbai Limited (AEML), along with affirming the ‘(P)Baa3 senior…