BSE - Free Realtime Quote • INR Adani Ports and Special Economic Zone Limited (ADANIPORTS.BO) Follow Compare 1,090.70 -3.20 (-0.29%) As of 12:35:31 PM GMT+5:30. Market Open. All News Press Releases SEC Filings All SEC Filings Corporate Changes & Voting Matters Periodic Financial Reports Proxy Statements Tender Offer/Acquisition Reports Offering Registrations Stocks to watch next week: ASML, Intel, LVMH, Shell and Glencore Earnings preview of key companies reporting next week and what to look out for. Adani Ports withdraws DFC funding request for Colombo port project DFC last year said it would provide $553 million in financing for the port terminal project, which is partly owned by the Adani Group. The company, however, said the Colombo West International Terminal project is progressing well and is on track for commissioning by early 2025. Kerala, Adani Ports sign deal for Vizhinjam Seaport development The project timeline has been extended by five years due to the effects of the Covid-19 pandemic, the Ockhi cyclone, and other floods. India's Adani to pump further $1.2 billion into Kerala deep-sea port The deal comes after Adani Group's 10 listed companies saw as much as $34 billion wiped off their total market value in the wake of Chairman Gautam Adani's indictment last week by U.S. authorities for his role in an alleged bribery scheme. Adani Group has dismissed the allegations as "baseless". Vizhinjam, at India's southern tip, is strategically important due to its proximity to international shipping routes and will help it compete with Dubai, Singapore and Sri Lanka. Airports to cooking oil: the many businesses of India's Gautam Adani U.S. authorities have accused Adani, his nephew and executive director Sagar Adani and managing director of Adani Green, Vneet S. Jaain, of being part of a scheme to pay bribes of $265 million to secure Indian power supply contracts, and misleading U.S. investors during fund raises there. ** Energy: It mines thermal coal and produces power through its utilities firm Adani Power, which is transmitted via Adani Energy Solutions. The renewable energy arm of the ports-to-power conglomerate is Adani Green Energy, which is at the center of the U.S. indictment. Tanzania to keep agreement with Adani for container terminal, official says Tanzania plans to honour its contracts with an Adani Group unit despite a U.S. indictment of its billionaire chairman Gautam Adani on accusations of bribery and fraud, a senior official at the ports authority said. Adani was indicted for fraud last week and arrest warrants were issued for him and his nephew for their alleged roles in a $265 million scheme to bribe Indian officials to secure power-supply deals. Adani Group has denied the accusations. Adani hit by downgrades as projects under review in India, Sri Lanka (Reuters) -Adani Group's troubles deepened on Tuesday as two more credit rating agencies cut their outlook for the Indian conglomerate, whose billionaire founder Gautam Adani has been charged by U.S. authorities over an alleged $265 million bribery scheme. The U.S. indictments' widening fallout comes after S&P on Friday put Adani Ports, Adani Green Energy and Adani Electricity on a downgrade warning and as partners reviewed individual projects involving the group. The allegations are having a knock-on impact across the Adani empire as Moody's Ratings lowered its outlook for seven Adani firms, including Adani Ports and Adani Green, to negative from stable, saying the U.S. indictments will likely weaken the group's access to funding and increase its capital costs. TotalEnergies pauses investments in India's Adani Group after bribery charges French oil major TotalEnergies halted on Monday investments into Adani Group, after the Indian ports-to-power conglomerate was engulfed in a crisis over an alleged multi-million-dollar bribery scheme. The move is the first major fallout from U.S. authorities' decision to charge Adani's billionaire chairman Gautam Adani and seven other people with agreeing to pay around $265 million in bribes to Indian government officials. TotalEnergies, whose financial exposure to Adani firms is estimated at between $4 billion and $5 billion by analysts at Bernstein Research, said it had not been made aware of the investigation into the alleged corruption scheme. Factbox-From Australia to Israel, Adani Group projects span the globe Haifa port accounts for 3% of Adani Ports' annual cargo volumes. CARMICHAEL MINE IN AUSTRALIA The group bought the controversial Carmichael coal mine project in the Australian state of Queensland in 2010. The mine became the focus of a seven-year campaign by climate activists worried about emissions and damage to the Great Barrier Reef. Trending tickers: Nvidia, Adani, Target, Baidu and JD Sports The latest investor updates on stocks that are trending on Thursday. Bribery Charges Spark $24 Billion Selloff in Adani Group Stocks The Justice Department charged billionaire Gautam Adani with orchestrating a $250 million scheme to secure lucrative solar-energy contracts by bribing Indian officials. The Indian businessman's conglomerate, Adani Group, called the allegations baseless. It had previously been targeted by Hindenburg Research, a U.S. short-selling firm. US indictments scythe $27 billion off value of India's Adani Group firms Adani Group companies lost about $27 billion in market value on Thursday after U.S. prosecutors charged the Indian conglomerate's billionaire chairman in an alleged bribery and fraud scheme. Gautam Adani's flagship Adani Enterprises closed down 23% in its worst one-day drop since February last year. Adani Ports, Adani Total Gas, Adani Green, Adani Power, Adani Wilmar and Adani Energy Solutions, ACC, Ambuja Cements - also fell between 7% and 19%. Adani Ports & Special Economic Zone Ltd (BOM:532921) Q2 FY25 Earnings Call Highlights: ... Adani Ports & Special Economic Zone Ltd (BOM:532921) reports a robust 37% increase in profit after tax, despite weather disruptions and pricing challenges. How to invest in the Indian stock market India’s stock market capitalisation topped $4.3tn to overtake Hong Kong as the world’s fourth-largest market. India's Adani Ports logs 47% jump in Q1 profit on strong cargo volumes BENGALURU (Reuters) -India's Adani Ports and Special Economic Zone reported a 47% jump in quarterly profit on Thursday, as strong commercial activity in the world's fifth-largest economy lifted cargo volumes. Shares of the Adani Group company were up 1.2% after the results, while the broader benchmark Nifty 50 gained 0.2%. India's largest private port operator by volumes, Adani Ports said its consolidated net profit rose to 31.13 billion rupees (nearly $372 million) in its fiscal first quarter ended June, from 21.15 billion rupees a year earlier. Adani Ports Signs 30-Year Concession to Operate Container Terminal 2 at Dar es Salaam Port AHMEDABAD, India & ABU DHABI, United Arab Emirates, May 31, 2024--Adani Ports signs 30-year concession to operate Container Terminal 2 at Dar es Salaam Port. Norway sovereign wealth fund excludes three companies over ethical concerns Norges Bank, which manages the sovereign wealth fund, said in a statement it has decided to exclude India's Adani Ports and Special Economic Zone, L3Harris Technologies and China's Weichai Power. Norges said it decided to exclude Adani Ports due to "unacceptable risk that the company contributes to serious violations of individuals' rights in situations of war or conflict." The company, which is part of billionaire Gautam Adani's conglomerate, was on the central banks' watchlist for possible exclusion from investment since March 2022. Performance Overview Trailing total returns as of 1/27/2025, which may include dividends or other distributions. Benchmark is S&P BSE SENSEX Return ADANIPORTS.BO S&P BSE SENSEX YTD -10.55% -3.33% 1-Year -4.47% +6.99% 3-Year +55.05% +30.73%