Adani Ports market cap crosses Rs 1 trillion mark

30 Dec 2020 CW Staff

In a recent development, Adani Ports and Special Economic Zone (APSEZ) led by Gautam Adani surpassed Rs 1 trillion in market capitalisation for the first time. The development comes on the heels of the closure of the first-ever $300 million public dollar bond issuance by Adani International Container Terminal Private Limited (AICTPL) on December 21.

AICTPL is a joint venture shared in equal halves between Terminal Investment Limited (TiL), the sixth-largest container terminal operator in the world and APSEZ. The issue witnessed large scale participation from prime real money investors as interests poured in from as many as 220 different accounts. Consequently, the company stated that this led to an oversubscription of about ten times.

The purpose of pricing the bond at par was to receive a yield of 3%. This was the lowest coupon that was accomplished by any corporate Indian issuer in the last five years.

Infrastructure Urban

06 Apr 2026

InsideFPV Delivers ₹10 Crore Kamikaze Drone Order Under MoD’s EPR Route

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InsideFPV Delivers ₹10 Crore Kamikaze Drone Order Under MoD’s EPR Route

InsideFPV, a Surat-based drone technology manufacturer, has successfully executed a ₹10 crore defence contract to supply indigenous kamikaze drones under the Ministry of Defence’s Emergency Procurement Route (EPR). The company completed the delivery of hundreds of FPV kamikaze drone platforms within a rapid two-month timeframe, highlighting its ability to meet urgent military procurement timelines.The supply orders were fulfilled under the emergency procurement mechanism, which is aimed at fast-tracking acquisitions for immediate operational needs. InsideFPV’s quick execution reflects it..

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