Adani Ports crosses Rs.1 trillion mark in market cap post bond issue
PORTS & SHIPPING

Adani Ports crosses Rs.1 trillion mark in market cap post bond issue

The Gautam Adani-led Adani Ports and Special Economic Zone (APSEZ) has crossed Rs.1 trillion in market capitalisation for the first time, following news of Adani International Container Terminal having settled its first $300 mn public dollar bond issue on December 21, 2020. AICTPL is 50:50 join...

The Gautam Adani-led Adani Ports and Special Economic Zone (APSEZ) has crossed Rs.1 trillion in market capitalisation for the first time, following news of Adani International Container Terminal having settled its first $300 mn public dollar bond issue on December 21, 2020. AICTPL is 50:50 joint venture between APSEZ and Terminal Investment (TiL), the sixth largest container terminal operator in the world. The issue had large participation from marquee investors, with interests coming from around 220 accounts leading to about 10 times oversubscription. The 10 year bond was priced at par to yield 3 per cent, which is the lowest coupon achieved by any corporate Indian issuer in the last five years.Contact: Adani Ports and Special Economic ZoneTel: 079-2656 5555.Website: www.stage.adaniports.com

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Infrastructure Urban

Vedanta Secures AA+ Rating from ICRA

Vedanta Group has received its highest domestic credit rating in over a decade after ICRA upgraded the long-term ratings of Vedanta Limited and Vedanta Aluminium Metal Limited to AA+ with a Stable outlook. Talwandi Sabo Power Limited was also upgraded to AA-/Stable from A+/Watch Developing, while the group’s short-term rating was reaffirmed at A1+.The rating action marks Vedanta’s highest domestic credit rating since 2014. Vedanta Limited and Vedanta Aluminium Metal Limited, two of the largest entities emerging from the demerger, together account for over 75 per cent of the group’s long-..

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Infrastructure Urban

Netrasemi Launches Edge AI Chip A2000

Fabless semiconductor startup Netrasemi has launched its flagship Edge AI system-on-chip, A2000, after achieving successful silicon bring-up. Fabricated at TSMC’s 12 nm technology node, the chip is designed for on-device AI, smart vision, real-time video analytics and secure edge computing.A2000 features Netrasemi’s in-house Neural Processing Unit, Vision Processing Unit, Image Signal Processor, crypto engines and other hardware acceleration IP cores. It also uses the company’s patented heterogeneous graph-stream parallel processing architecture.The chip targets applications such as smar..

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Infrastructure Energy

Sigenergy Launches AI Agent For Energy Systems

Sigenergy has introduced SigenAgent, described as the energy industry’s first all-domain AI agent, during its ‘AI in All’ event. The platform is designed to move solar-and-storage systems from reactive hardware to autonomous, goal-driven energy systems for households and businesses.SigenAgent works through a continuous loop of perception, reasoning and action. It analyses real-time factors such as weather patterns, electricity prices and grid conditions to determine and execute the most efficient operating strategy. Users can set broad goals, such as reducing electricity bills or securin..

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