Outlook for Adani Ports and Special Economic Zone Stable: Report
Jayarama Emani | The Dollar Business Three top French banks might have refused to fund Adani groups' mega coal project in Australia's Galilee Basin near the fragile Great Barrier Reef, but the outlook for the group’s Adani Ports and Special Economic Zone Ltd (APSEZL) has been declared ‘Stable,’ by the India Ratings & Research (Ind-Ra) agency. The agency has taken a consolidated view of APSEZL and its subsidiaries. The rating is driven by APSEZL’s strong business profile which is likely to translate into a steady improvement of its financial profile in the next three years. Justifying the rating, Ind-Ra said that APSEZL is by far the largest private sector port developer in the country with a total capacity of ...
