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MSC-Adani deal: Vizhinjam port can generate Rs 1,410 crore EBITDA, says Axis Capital
Axis Capital expects Vizhinjam port to become a major earnings driver for Adani Ports & SEZ, estimating it could generate around Rs 1,410 crore in EBITDA after the Phase 2 expansion. The brokerage believes MSC's $1.4 billion investment strengthens volume visibility while reinforcing the port's long-term strategic and valuation potential.
Adani Ports sells 49% stake in Vizhinjam port to shipping major MSC's unit in $1.4 bn deal
Adani Ports will sell 49% stake in its Vizhinjam port to Mediterranean Shipping Co's unit for $1.4 billion. With a big capacity expansion on the cards, the partnership looks to increase traffic and improve logistics for the Indian port.
Adani Ports to sell 49% stake in Vizhinjam port to MSC's TiL for $1.4 billion
Adani Ports and Special Economic Zone will sell a 49% stake in Adani Vizhinjam Port to MSC Group's Terminal Investment Ltd. for $1.397 billion, valuing the Kerala port at $2.85 billion. The deal aims to expand capacity, boost cargo traffic and strengthen global trade connectivity, subject to approvals.
Adani Ports, MSC Expand JV As TiL To Pick 49% Stake In Vizhinjam For Record $1.4 Billion
The strategic collaboration marks the single largest foreign private investment in Indian port infrastructure.
Adani Ports and MSC Group forge their 3rd collaboration
MSC Group to invest USD 1.397bn for 49% stake in Adani Vizhinjam Port
Adani Ports, MSC Group forge $2.85 billion deal for Vizhinjam Port expansion
The partnership is designed to enhance volume visibility and accelerate the ramp-up at Vizhinjam port ahead of the original plan.
Adani Ports says Mundi will invest $1.4 billion for 49% stake in Vizhinjam Port
Adani Ports has inked a significant deal with MSC's terminal arm, TiL, for a 49% stake in its Vizhinjam port for $1.397 billion. This strategic partnership, valued at $2.85 billion, aims to boost cargo volumes and establish Vizhinjam as a key Indian Ocean transshipment hub. The investment will be phased, with further funds allocated for port expansion, solidifying this third collaboration between the two entities.
Adani Ports SEZ Share Price Live Updates: Adani Ports SEZ Weekly Returns Down by 2.8%
Corporate giants turn to urban regeneration as redevelopment race intensifies
India's largest corporate houses are increasingly focusing on urban regeneration, shifting real estate focus from land acquisition to redevelopment. Giants like Reliance, Adani and JSW are aggressively bidding for projects involving old housing colonies and slum rehabilitation in Mumbai.
Desco Infratech gains after securing Rs 7-cr order from Adani Total Gas
Desco Infratech rose 4.27% to Rs 224.75 after the company said it had received a purchase order worth Rs 6.74 crore from Adani Total Gas (ATGL).
Adani Ports SEZ Share Price Live Updates: Adani Ports SEZ Faces Weekly Setback
Stocks to Watch today: HCL Tech, HDFC Bank, Turtlemint, Hexaware Tech, IRFC
Stocks to Watch today, June 29: Tata Motors PV, Torrent Power, Dr Reddy's Laboratories, Aurobindo Pharma, KEC International, and Adani Ports are among the top stocks to watch during today's trade