Adani Ports Secures ICRA Rating Upgrade for Strong Growth

25 Jul 2024 CW Team

Adani Ports and Special Economic Zone (APSEZ) received a rating upgrade from ICRA, reflecting the company?s strong financial performance and growth prospects. The upgrade highlights Adani Ports' robust operational efficiencies, expanding market presence, and strategic investments in infrastructure.

ICRA upgraded the long-term rating to AA+, emphasising the company?s strong liquidity profile and solid cash flow generation. This positive assessment is attributed to the company?s consistent growth in cargo volumes and its ability to maintain a competitive edge in the port sector.

The rating agency noted Adani Ports' strategic initiatives, including expanding port capacities and enhancing logistics capabilities. These efforts have positioned the company well to capitalise on increasing trade activities and global market opportunities.

The upgrade also reflects Adani Ports? successful integration of acquired assets and its focus on improving operational efficiencies. The company?s diversified revenue streams and strong customer relationships contribute to its financial stability.

Adani Ports has been investing in technology and infrastructure to boost efficiency and service quality. This strategic focus aligns with the broader vision of enhancing India?s port infrastructure and facilitating seamless trade operations.

The improved rating is expected to enhance the company?s ability to access capital markets at favourable terms, supporting future growth and expansion plans. Analysts believe this upgrade reinforces investor confidence and positions Adani Ports as a key player in the global logistics landscape.

Overall, the ICRA rating upgrade underscores Adani Ports' strong fundamentals and strategic direction, paving the way for sustained growth and success.

Infrastructure Urban

05 Nov 2025

TBO Tek Q2 Profit Climbs 12%, Revenue Surges 26% YoY

TBO Tek Limited one of the world’s largest travel distribution platforms, reported a solid performance for Q2 FY26 with a 26 per cent year-on-year increase in revenue to Rs 5.68 billion, reflecting broad-based growth and improving profitability.The company recorded a Gross Transaction Value (GTV) of Rs 8,901 crore, up 12 per cent YoY, driven by strong performance across Europe, MEA, and APAC regions. Adjusted EBITDA before acquisition-related costs stood at Rs 1.04 billion, up 16 per cent YoY, translating into an 18.32 per cent margin compared to 16.56 per cent in Q1 FY26. Profit after tax r..

Northern Graphite, Rain Carbon Secure R&D Grant for Greener Battery Materials

Northern Graphite Corporation and Rain Carbon Canada Inc, a subsidiary of Rain Carbon Inc, have jointly received up to C$860,000 (€530,000) in funding under the Canada–Germany Collaborative Industrial Research and Development Programme to develop sustainable battery anode materials.The two-year, C$2.2 million project aims to transform natural graphite processing by-products into high-performance, battery-grade anode material (BAM). Supported by the National Research Council of Canada Industrial Research Assistance Programme (NRC IRAP) and Germany’s Federal Ministry for Economic Affairs a..

Antony Waste Q2 Revenue Jumps 16%; Subsidiary Wins Rs 3,200 Cr WtE Projects

Antony Waste Handling Cell Limited (AWHCL), a leading player in India’s municipal solid waste management sector, announced a 16 per cent year-on-year increase in total operating revenue to Rs 2.33 billion for Q2 FY26. The growth was driven by higher waste volumes, escalated contracts, and strong operational execution.EBITDA rose 18 per cent to Rs 570 million, with margins steady at 21.6 per cent, while profit after tax stood at Rs 173 million, up 13 per cent YoY. Revenue from Municipal Solid Waste Collection and Transportation (MSW C&T) reached Rs 1.605 billion, and MSW Processing re..