Adani Ports & SEZ

Adani Portfolio Delivers Highest Ever EBITDA Growth, Jumps 47% y-o-y in H1FY24; Crosses Rs 43K Cr

Retrieved on: 
Tuesday, December 12, 2023

The integrated business portfolio, which focusses on fortifying India’s infrastructure development, has delivered a strong performance across all its businesses.

Key Points: 
  • The integrated business portfolio, which focusses on fortifying India’s infrastructure development, has delivered a strong performance across all its businesses.
  • During the period, the portfolio level EBITDA stood at Rs 43,688 Cr (USD 5.3 billion), up 47% YoY.
  • These businesses include the utility (Adani Green Energy, Adani Energy Solutions, Adani Power and Adani Total Gas), transport (Adani Ports & SEZ) and other infrastructure businesses (those being incubated by Adani Enterprises – green hydrogen integrated manufacturing, airports and roads).
  • The incubation under Adani Enterprises continues to progress well, with the assets contributing 8% of the overall EBITDA.

U.S. International Development Finance Corporation, America’s Development Finance Institution, to Fund CWIT, Adani’s JV in Sri Lanka, for USD 553 Million

Retrieved on: 
Wednesday, November 8, 2023

U.S. International Development Finance Corporation (DFC) has announced that it will be funding Colombo West International Terminal Pvt.

Key Points: 
  • U.S. International Development Finance Corporation (DFC) has announced that it will be funding Colombo West International Terminal Pvt.
  • Ltd. (CWIT) – a consortium of India's largest port operator Adani Ports and SEZ Ltd., Sri Lanka's leading enterprise John Keells Holdings (JKH) and the Sri Lanka Ports Authority – to the tune of USD 553 million.
  • View the full release here: https://www.businesswire.com/news/home/20231107733135/en/
    U.S. International Development Finance Corporation, America’s Development Finance Institution, to Fund CWIT, Adani’s JV in Sri Lanka, for USD 553 Million (Photo: Business Wire)
    DFC, the U.S. government’s development finance institution, partners with the private sector to finance solutions to the most critical challenges facing the developing world.
  • “Sri Lanka is one of the world’s key transit hubs, with half of all container ships transiting through its waters.

Adani Group's Stocks, Financials unaffected

Retrieved on: 
Saturday, September 2, 2023

The Adani Group's stocks have rebounded strongly since the release of a short-selling report in January 2023.

Key Points: 
  • The Adani Group's stocks have rebounded strongly since the release of a short-selling report in January 2023.
  • Four of the group's largest companies—Adani Enterprises, Adani Ports, Adani Green, and Adani Power—have gained over 100% from their lows.
  • Adani Ports, the most widely held institutional stock in the Adani portfolio, is now trading above its pre-report price.
  • Importantly, the Adani Group operates within the bounds of the law and under the scrutiny of regulatory authorities in respective jurisdictions.

Adani Group's Stocks, Financials unaffected

Retrieved on: 
Saturday, September 2, 2023

The Adani Group's stocks have rebounded strongly since the release of a short-selling report in January 2023.

Key Points: 
  • The Adani Group's stocks have rebounded strongly since the release of a short-selling report in January 2023.
  • Four of the group's largest companies—Adani Enterprises, Adani Ports, Adani Green, and Adani Power—have gained over 100% from their lows.
  • Adani Ports, the most widely held institutional stock in the Adani portfolio, is now trading above its pre-report price.
  • Importantly, the Adani Group operates within the bounds of the law and under the scrutiny of regulatory authorities in respective jurisdictions.

DP World Appoints Douglas Smith as Chief Executive Officer, Canada

Retrieved on: 
Tuesday, July 18, 2023

VANCOUVER, BC, July 18, 2023 /CNW/ - DP World , a leading provider of end-to-end supply chain solutions, announces the appointment of Douglas Smith as Chief Executive Officer of DP World's operations in Canada.

Key Points: 
  • VANCOUVER, BC, July 18, 2023 /CNW/ - DP World , a leading provider of end-to-end supply chain solutions, announces the appointment of Douglas Smith as Chief Executive Officer of DP World's operations in Canada.
  • Smith will be responsible for executing DP World's vision in Canada, leading the company's portfolio of operations, and driving efficient, sustainable end-to-end supply chain solutions for customers across North America.
  • His leadership skills and extensive industry experience will be invaluable in fostering the innovation and business transformation program underway that will expand DP World's supply chain solutions portfolio in Canada," said Morten Johansen, COO of DP World Americas.
  • Mihic, who has been with DP World for more than 25 years, was instrumental in expanding DP World's operations in Canada.

DP World Appoints Douglas Smith as Chief Executive Officer, Canada

Retrieved on: 
Tuesday, July 18, 2023

DP World , a leading provider of end-to-end supply chain solutions, announces the appointment of Douglas Smith as Chief Executive Officer of DP World’s operations in Canada.

Key Points: 
  • DP World , a leading provider of end-to-end supply chain solutions, announces the appointment of Douglas Smith as Chief Executive Officer of DP World’s operations in Canada.
  • Smith will be responsible for executing DP World’s vision in Canada, leading the company’s portfolio of operations, and driving efficient, sustainable end-to-end supply chain solutions for customers across North America.
  • “Doug joins DP World with an impressive track record of achieving ambitious operational goals in challenging environments, launching new services, and excelling across various functional areas.
  • Mihic, who has been with DP World for more than 25 years, was instrumental in expanding DP World’s operations in Canada.

Tourism: €10 bln in new credit from Intesa Sanpaolo, of which €3 bln for the South

Retrieved on: 
Thursday, June 8, 2023

“We know”, Barrese continued, “that integrated tourism is the element that creates the greatest impact from a growth perspective.

Key Points: 
  • “We know”, Barrese continued, “that integrated tourism is the element that creates the greatest impact from a growth perspective.
  • In addition, we want to facilitate investment in digital and environmental redevelopment.
  • There are certainly great opportunities in a sector where we have a lot to teach,” he concluded.
  • "We intend to make available to entrepreneurs,” she pointed out, “lines of financing on favourable terms that can be used for hotel upgrading.

Middle East Industrial Automation Market Report 2023: Growing Adaptation of Technology and Increasing Penetration of Robotics Manufacturing Bodes Well for the Sector - Forecasts to 2028 - ResearchAndMarkets.com

Retrieved on: 
Saturday, May 20, 2023

Middle East Industrial Automation Market size is projected to grow at a CAGR of 10.2% respectively during 2022-2028.

Key Points: 
  • Middle East Industrial Automation Market size is projected to grow at a CAGR of 10.2% respectively during 2022-2028.
  • Middle East Industrial Automation Market is expected to show substantial growth in the coming years owing to growing adaptation of technology and increasing penetration of robotics in the manufacturing sector.
  • Oil and Gas sector in Qatar accounted for the highest revenue in Industrial Automation market on the back of upcoming gas expansion projects to increase gas output.
  • Historical Data and Forecast of Middle East Industrial Automation Market Revenues, for the Period 2018-2028F
    Historical Data and Forecast of Middle East Industrial Automation Market Revenues, By Product, for the Period 2018-2028F
    Historical Data and Forecast of Middle East Industrial Automation Market Revenues, By Verticals, for the Period 2018-2028F
    Middle East Industrial Automation Market Revenue Ranking, By Companies, 2021

Facility management services market in India to grow at a CAGR of 15.23%, Rising levels of outsourcing in building management to drive growth - Technavio

Retrieved on: 
Thursday, May 11, 2023

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Key Points: 
  • Download a sample report
    Rising levels of outsourcing in building management is driving the market growth.
  • There are significant growth opportunities in end-user segments such as healthcare, infrastructure, and retail, which further emphasizes the importance of outsourcing services such as facility management.
  • Tools for financial management, benchmarking, energy management, space planning, and tenant management are crucial for integrated facilities management.
  • The Middle East facility management services market is estimated to grow at a CAGR of 10.85% between 2022 and 2027.

GCC Countries Shifting from Oil-driven Economies to Data-Driven Economies, More than $5.5 Billion Investment to be in GCC Data Center Market - Arizton

Retrieved on: 
Thursday, January 12, 2023

CHICAGO, Jan. 12, 2023 /PRNewswire/ -- According to Arizton's latest research report, the GCC data center market will witness investments of USD 5.50 billion by 2028. GCC is an emerging market in the Middle East. It promotes investments from foreign entities and provides support for investments with its macro-economic policies and other incentives for investors. In GCC region, the UAE, Saudi Arabia, Oman, Kuwait, and Bahrain are working toward achieving their renewable energy targets by 2030 and 2050.

Key Points: 
  • Check Out Some of the Top-Selling Market Research Reports:
    Saudi Arabia Data Center Market - The Saudi Arabia data center market is estimated to cross USD 1.77 billion by 2027.
  • United Arab Emirates Data Center Market - The United Arab Emirates data center market is expected to grow at a CAGR of 7.90% from 2022 to 2027 The United Arab Emirates is among the top data center markets in the Middle East.
  • Middle East and Africa Data Center Market - The Middle East and Africa data center market is expected to grow at a CAGR of over 10% from 2022 to 2027.
  • Middle East Data Center Market - The Middle east data center market will witness investments of USD 6.73 billion in 2027.