The Supreme Court clarified that it had not ordered a status quo over 108 hectares of grazing land allotted to Adani Ports in Gujarat. It rejected villagers’ claims, noting the written order made no mention of any stay. The court also asked villagers to pay a symbolic ₹2,000 each for filing clarification applications.
Adani Ports is pushing into Europe’s subsea and offshore services through its platform Astro Offshore. The company has partnered with Oceaneering International to target specialized marine engineering work. Adani Ports plans heavy capital spending to build a large global marine fleet, aiming to turn the expansion into a major integrated marine services platform by FY31.
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Adani Ports and Special Economic Zone has named Niraj Bansal as CEO-Ports, effective June 1. Pranav Choudhary will step down at the end of May. Bansal, who joined the Adani Group in October 2022, previously worked extensively including at Jawaharlal Nehru Port Trust—signaling a leadership reset for the port business.
Major block deals on Monday pumped over Rs 7,400 crore into Adani Ports and Special Economic Zone, with Capital Group entities emerging as the key buyers. The purchases were reportedly made after acquiring stakes from Worldwide Emerging Market Holding Limited. Block trades also surfaced in Tata Motors and Siemens Energy India, though at smaller volumes.
Adani Ports posted a 10% year-on-year rise in consolidated net profit to Rs 3,329 crore for the March-ended quarter, while revenue jumped 26% to Rs 10,737 crore. The company said it surpassed its FY26 guidance after handling over 500 MMT of port cargo and recommended a dividend of Rs 7.50 per equity share.
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