Explorer

Adani Ports And Special Economic Zone Secures AAA Rating

With this development, APSEZ has become the first large sized private infrastructure developer to get this recognition

Adani Ports and Special Economic Zone (APSEZ), proudly announces revision of its credit rating to AAA by CARE Ratings. The top most rating signifies highest level of credit worthiness and the ability to fulfill all its financial guidance.

With this development, APSEZ has become the first large sized private infrastructure developer to get this recognition. The rating is driven by APSEZ’s robust integrated business model, dominant industry position, strong growth in operations with healthy profitability, coupled with high liquidity and low leverage.

APSEZ’s successful track record of turning around port assets post-acquisition and its integrated approach as a transport utility providing services from port gate to customer gate has led to 15 per cent compounded annual growth in volumes for FY19-FY24 as compared to 4 per cent CAGR for all Indian ports. In FY24, APSEZ did a cargo volume of 419.95 MMT, 24 per cent higher than the previous year.

Karan Adani, Managing Director, APSEZ said, "We cherish the recognition to our financial discipline and commitment to deleveraging, diversified asset base as well as customer base and the highest profitability in this sector globally."

APSEZ is a part of the globally diversified Adani Group.

ALSO READ | Adani Total Gas Q4 Results: Net Profit Rises 59%; Volume Up By 15%

View More
Advertisement
Advertisement
25°C
New Delhi
Rain: 100mm
Humidity: 97%
Wind: WNW 47km/h
See Today's Weather
powered by
Accu Weather
Advertisement

Top Headlines

Bird Strike Or Fog: What Led To Kazakhstan Plane Crash That Killed At Least 30
Bird Strike Or Fog: What Led To Kazakhstan Plane Crash That Killed At Least 30
Renowned Malayalam Writer MT Vasudevan Nair Dies At 91, Kerala Govt Announces 2-Day Mourning
Renowned Malayalam Writer MT Vasudevan Nair Dies At 91, Kerala Govt Announces 2-Day Mourning
Christmas Spirit Grips India As Devotees Throng Churches To Celebrate With Religious Fervour — PICS
Christmas Spirit Grips India As Devotees Throng Churches To Celebrate With Religious Fervour — PICS
ABP News Checks AAP's Claim Of 'Cash-For-Vote Scam' Against BJP, Revelations Will Shock You. VIDEO
ABP News Checks AAP's Claim Of 'Cash-For-Vote Scam' Against BJP, Revelations Will Shock You. VIDEO
Advertisement
ABP Premium

Videos

Anya Polytech IPO: Must Watch Exclusive Interview Before Investing | Paisa LiveWhy Payas Pandit Struggled to Gain Recognition Despite Her Bhojpuri Debut with Pawan Singh?Sambhal News: ASI Team to Inspect Stepwell Today, Exclusive Pictures from the SiteBJP Accuses AAP of Deceiving Public with New Schemes Ahead of Delhi Elections

Photo Gallery

Embed widget