As the first-ever Indian port operator in Sri Lanka, Adani Group will have a 51 per cent stake at the port's Western Container Terminal (WCT), a statement said
Adani Ports sells Australian rail logistics unit to parent Adani Enterprises
June 27, 2021
Move underpins its strategy to improve ESG rating
Adani Ports and Special Economic Zone Ltd (APSEZ) has sold its investment in Bowen Rail Company Pty Limited (BRCPL), the rail logistic unit in Australia, to Adani Global Pte Limited, for an undisclosed value as India’s biggest private port operator looks to become carbon neutral and improve its environment, social and governance (ESG) ratings.
APSEZ executed the Share Purchase Agreement with Adani Global Pte Limited (Singapore subsidiary of Adani Enterprises Limited) for the sale of investment in BRCPL, APSEZ said in its annual report for 2020-21.
Adani Ports and Special Economic Zone Ltd said on Tuesday it could abandon a Myanmar container terminal project and write down the investment if it is found to be in violation of sanctions imposed by the United States. In a scenario wherein Myanmar is classified as a sanctioned country under the Office of Foreign Assets Control (OFAC), or if OFAC opines that the project violates the current sanctions, (Adani Ports) plans to abandon the project and write down the investments, the company said in a filing to exchanges on Tuesday. OFAC, part of the U.S. Treasury Department, administers and enforces economic and trade sanctions based on the country s foreign policy.
Adani Ports removed from Dow Jones Indices for involvement with Myanmar military
S&P Dow Jones Indices said that the decision was taken after an analysis was conducted on the company post the news reports over its alleged commercial link with the Myanmar military.
By IANS| Published: 14th April 2021 5:00 pm IST
The change will come into effect prior to the opening of the indices on Thursday.
In a statement, S&P Dow Jones Indices said that the decision was taken after an analysis was conducted on the company post the news reports over its alleged commercial link with the Myanmar military.