New Delhi: Adani Ports and Special Economic Zone (APSEZ) on Wednesday said it has achieved AAA rating by CARE Ratings.
With this development, the company becomes the first large-sized private infrastructure developer to receive this recognition, APSEZ said in a statement.
“The rating is largely driven by APSEZ's strong integrated business model
Industry status, steady market share growth with healthy profitability,
Coupled with high liquidity and low leverage,” the agency said.
In FY24, APSEZ handled cargo volume of 419.95 MMT, a growth of 24 per cent over the previous fiscal.
Karan Adani, Managing Director, APSEZ, said, “We appreciate your financial discipline and commitment to deleveraging, diversified asset base as well as customer base and highest profitability in the sector globally.
APSEZ is a part of the globally diversified Adani Group.
With this development, the company becomes the first large-sized private infrastructure developer to receive this recognition, APSEZ said in a statement.
“The rating is largely driven by APSEZ's strong integrated business model
Industry status, steady market share growth with healthy profitability,
Coupled with high liquidity and low leverage,” the agency said.
In FY24, APSEZ handled cargo volume of 419.95 MMT, a growth of 24 per cent over the previous fiscal.
Karan Adani, Managing Director, APSEZ, said, “We appreciate your financial discipline and commitment to deleveraging, diversified asset base as well as customer base and highest profitability in the sector globally.
APSEZ is a part of the globally diversified Adani Group.
