Search for an article

Select a plan

Choose a plan from below, subscribe, and get access to our exclusive articles!

Monthly plan

$
13
$
0
billed monthly

Yearly plan

$
100
$
0
billed yearly

All plans include

  • Donec sagittis elementum
  • Cras tempor massa
  • Mauris eget nulla ut
  • Maecenas nec mollis
  • Donec feugiat rhoncus
  • Sed tristique laoreet
  • Fusce luctus quis urna
  • In eu nulla vehicula
  • Duis eu luctus metus
  • Maecenas consectetur
  • Vivamus mauris purus
  • Aenean neque ipsum
HomeLife StyleAdani Ports Achieves Landmark AAA Rating, First for Indian Private Infrastructure 

Adani Ports Achieves Landmark AAA Rating, First for Indian Private Infrastructure 

Published on

Top stories

India Working Towards Creating Global Competing Mega-Sized CA Firm

India is laying the groundwork to establish a home-grown mega-sized Chartered Accountancy (CA) firm...

Penny Drop Verification: A Crucial Step in Ensuring Financial Transaction Authenticity

Delhi, India: In an era where online fraud poses a significant threat, the sudden...

New Delhi, India – Adani Ports and Special Economic Zone (APSEZ) has achieved a significant milestone, securing a coveted AAA rating from credit rating agency CARE Ratings. This prestigious designation signifies the highest level of creditworthiness, solidifying APSEZ’s position as a financially dependable entity. 

A Pioneering Feat 

This accomplishment marks a historic first for India’s private infrastructure sector. APSEZ is now the leading private infrastructure developer of its scale to be awarded this esteemed rating. The company’s robust business model, impressive growth trajectory, and commitment to financial discipline are key factors in achieving this recognition. 

Financial Strength and Growth 

CARE Ratings cited APSEZ’s strong operational performance, with a 24% year-on-year cargo volume increase in FY24, as a significant contributor to the rating upgrade. Additionally, the company boasts healthy profitability and a diversified customer base, further strengthening its financial position. 

Looking Ahead 

Karan Adani, Managing Director of APSEZ, expressed his pride in the achievement, stating it reflects the company’s dedication to financial excellence and responsible management. This AAA rating is expected to bolster investor confidence and pave the way for future growth opportunities for Adani Ports. 

 

Latest articles

PUSHPA PUSHPA (Telugu Lyrical) Pushpa 2 The Rule | Allu Arjun | Sukumar | Rashmika | Fahadh F

PUSHPA PUSHPA (Telugu Lyrical) Pushpa 2 The Rule | Allu Arjun | Sukumar |...

Absence of Pre-Monsoon Storms Blamed for Rising Temperatures in India

Ahmedabad: India has experienced a scorching April with no pre-monsoon storms for the fifth...

Bringing the Ocean to the Land: A Revolutionary Step in MEIL’s Machilipatnam Port

In a historic endeavour set to redefine India's maritime landscape, the Andhra Pradesh Maritime...

Vistara Pilot Training Lapses Lead to Official Suspension, Daily Flight Reports Demanded by DGCA

India's aviation regulator, DGCA, has suspended Vistara's training chief, Vikram Mohan Dayal, over lapses...

More like this

PUSHPA PUSHPA (Telugu Lyrical) Pushpa 2 The Rule | Allu Arjun | Sukumar | Rashmika | Fahadh F

PUSHPA PUSHPA (Telugu Lyrical) Pushpa 2 The Rule | Allu Arjun | Sukumar |...

Absence of Pre-Monsoon Storms Blamed for Rising Temperatures in India

Ahmedabad: India has experienced a scorching April with no pre-monsoon storms for the fifth...

Bringing the Ocean to the Land: A Revolutionary Step in MEIL’s Machilipatnam Port

In a historic endeavour set to redefine India's maritime landscape, the Andhra Pradesh Maritime...