CARE

ICRA

Adani Ports and Special Economic Zone Limited (APSEZ), a flagship company of the Adani Group, has set a new benchmark by handling the highest-ever rail cargo of 120.51 MMT in the financial year 2022-23, surpassing the previous best of 98.61 MMT.
APSEZ is committed to providing end-to-end logistics. Under the General Purpose Wagon Investment Scheme (GPWIS) of Indian Railways, cargo handled by rail has grown by 62% YoY. Mundra Port handled over 15,000 container trains in FY23, cementing its position as India's EXIM gateway. In FY23, APSEZ generated around Rs 14,000 crore in revenue from rail cargo for Indian Railways.

Adani Ports Raises The Bar By Handling Highest-Ever Rail Cargo Of Over 120 MMT In FY22-23

Adani Ports and Special Economic Zone (APSEZ) share price rose 1.5 percent after the company announced that the company has entered into a definitive agreement to purchase the 56 percent stake of the SP Group and 39 percent of Orissa Stevedores Limited (OSL) in Gopalpur Port Limited (GPL).It  will purchase a 95 percent stake in Odisha's Gopalpur Port Limited (GPL).

Adani Ports gains on acquiring 95% stake in Gopalpur Port

Despite a healthy improvement in the scale of operations and healthy profit margins, the net leveraging remains high as the company was in the midst of a capex and acquisition-led growth phase.

At present, APSEZL is developing a greenfield port at Vizhinjam, Kerala, which has witnessed significant delays due to various factors, including the ongoing protests. While the delays had increased the project cost compared to the initial estimates, there has been no upward revision in costs in recent period on account of the delays.


APSEZL is exposed to environmental risks arising from carbon transition and physical climate risks, which includes impact on coal cargo in the medium to long term and the effect of climate change on cargo segments. It also remains exposed to risks related to the health and safety of employees/people in proximity of operations. 

The issuer has made timely interest payments

Mr. Gautam Adani, Chairman

Mr. Karan Adani, Managing Director

APSEZL has a strong competitive profile and established market position in the port sector due to the location of its assets, favourable operating characteristics, tariff flexibility at non-major ports and long-term customer tie-ups.

APSEZL has undertaken various acquisitions in the last few years and has incurred capex to add assets across the logistics value chain, including railway infrastructure, warehouses and MMLPs. In the current fiscal, the company has acquired inland container depot Tumb and a 49% stake in Indian Oil Tanking Limited.


The revenue from the logistics/other non-port segment has also been growing in the last few years. The profit margins have remained healthy.

8.70%Adani Ports and Special Economic Zone Limited 09 Jan 2029

ISIN:

INE742F07528

YOUR EARNING

Your Investment

Final Payout

₹0

*All Interest Payments will be subject to TDS (Not Applicable on Government Securities and Tax Free Bonds)

YOUR RISK

AAA Stable

CARE

AA + /Stable

ICRA

Senior

Secured

ISSUER

Adani Ports & Special Economic Zone Limited

Recent News

Adani Ports Raises The Bar By Handling Highest-Ever Rail Cargo Of Over 120 MMT In FY22-23

Adani Ports gains on acquiring 95% stake in Gopalpur Port

Related Videos

Types of Bonds

Credit rating

STEPS TO BUY THIS BOND

Information required for KYC

PAN Card

Bank Account Proof

Aadhaar Card

Demat Account Proof

How to exit the investment?

To know more about the Bond and the issuer, download the Information Memorandum.

To read about the reasons for the ratings assigned to the Bond, download the Rating Rationale.

₹NaN

Price

%

Yield

Principal Amount

Accrued Interest from

Face Value

Market Value

Stamp Duty

Total Investment

as on Invalid date

as on Sep 10, 2024

Still looking for assistance?