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Adani Ports

Adani Ports Withdraws $553M US Loan for Colombo Project

11 Dec 2024

Adani Ports and Special Economic Zone (APSEZ), owned by billionaire Gautam Adani, has withdrawn from a $553 million loan agreement with the US International Development Finance Corporation (DFC). This loan was meant to fund the development of a port terminal in Colombo, Sri Lanka. Reports from sources confirmed this move....

Adani Stocks Plummet 20% Amid Bribery Charges

21 Nov 2024

Gautam Adani-led Group stocks bled up to 20 per cent during the trading session on Thursday with a number of these high beta counters hitting lower circuits for the day. Amid this sharp selloff, investors of 10-listed Adani Group counters lost more than as much as Rs 2.60 lakh crore...

Adani Ports Vizhinjam International Seaport Greets First Mothership ‘San Fernando’

11 Jul 2024

India's first semi-automated container port, the Vizhinjam International Seaport, celebrated the arrival of its inaugural mothership, 'San Fernando', on Thursday. Kerala's Minister of Ports V N Vasavan and Minister for Food and Civil Supplies G R Anil, alongside other officials, welcomed the vessel carrying over 1,000 containers, marking a trial...