Port Funding

Sunday, 05 February 2023

Latest News for: Port funding

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Shelby’s last hurrah will benefit state for generations | INSIDE THE STATEHOUSE

Tuscaloosa News 05 Feb 2023

He quietly commented, “Flowers, that is over 25% of our entire state General Fund budget.”. However, if you dig deeper into the federal budget that Shelby passed, his $660 million is also met with upgrades of funds Shelby allocated in previous years to amount to $4 billion ... There are millions of earmarked funds going to the Port City.

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Axis Bank clarifies it remains comfortable with exposure to Adani Group

The Siasat Daily 05 Feb 2023

The lender also said its exposure to Adani Group is primarily to the operating companies in the ports, transmission, power, gas distribution, roads, airports, etc. It also added that the non-fund-based facilities are primarily in the form of letters of credit and performance bank guarantees that are majorly short tenor.

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WHAT IS HAPPENING IN GWADAR?

Dawn 05 Feb 2023

Gwadar has been tense because of continuing protests and sit-ins being held in the heart of the port town over the past two months ... Before the crackdown, Maulana Hidayat and his supporters had staged the sit-ins at the main junction in Gwadar, which connects the Chinese-funded deep sea port and the Chinese-funded Eastbay Expressway.

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Which mutual funds have invested in Adani stocks? Here's the list

DNA India 04 Feb 2023

According to ETMutualFunds, who looked at data, several mutual funds had investments in the Adani Group companies such as Adani Enterprise, Adani Green Energy, Adani Ports & Special Economic Zone (SEZ), Adani Power Ltd., Adani Total Gas., Adani Transmission, Adani Wilmar, Ambuja Cement, and ACC Ltd.

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Hindenburg Impact: Adani Electricity, Adani Ports ratings revised to 'negative'

International Business Times 04 Feb 2023

"The negative outlook reflects the risk of a deterioration in the credit profile of Adani Ports and Adani Electricity Mumbai due to governance risks and funding challenges for the larger Adani Group," it said ... access for Adani Ports and Adani Electricity, S&P Global said.

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S&P cuts outlook on Adani Ports and Adani Electricity

The Times of India 04 Feb 2023

Rating company S&P cut rating outlook on two Adani Group companies - Adani Ports and Adani Electricity - to negative from stable as their access to funding could get tighter following Hindenburg Research's allegations of corporate mis-governance ... credit profile of Adani Ports.

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Exposure to Adani Group at 0.94 pc of total loans, says Axis Bank

Live Mint 04 Feb 2023

We remain comfortable with our exposure to Adani Group basis the same,' the bank said in a regulatory filing.The exposure to Adani Group is primarily to the operating companies in sectors like ports, transmission, power, gas distribution, roads and airports, it said.Fund-based ...

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Axis Bank says exposure to Adani Group at 0.94 per cent of total loans

The Telegraph India 04 Feb 2023

The exposure to Adani Group is primarily to the operating companies in sectors like ports, transmission, power, gas distribution, roads and airports, it said. Fund-based outstanding as percentage of net advances is 0.29 per cent, while that of non-fund based outstanding is 0.58 per cent, it said.

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Texas Senate leaders signal intent to spend big on border security

Longview News-Journal 04 Feb 2023

Lawmakers appear eager to re-up that kind of funding ... That includes the state-funded border wall, as well as fencing along private lands and concertina wire to deter migrants from crossing into the country outside normal ports of entry ... The remaining funds will now be allocated specifically as border security efforts to the governor’s office.

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Plain Talk: Sen. Cramer criticizes Grand Forks city officials for sticking with Fufeng project for ...

Grand Forks Herald 03 Feb 2023

Port ... · By Rob Port ... Port ... · By Rob Port ... · By Rob Port ... Port ... · By Rob Port ... Port. Want to give property owners some relief? Give the firefighters back their full funding ... state's fire departments back their full funding." ... · By Rob Port ... Port ... · By Rob Port.

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S&P Global lowers Adani Ports, Adani Electricity's rating from stable to 'negative'

DNA India 03 Feb 2023

"The negative outlook reflects the risk of a deterioration in the credit profile of Adani Ports and Adani Electricity Mumbai due to governance risks and funding challenges for the larger Adani Group," it said ... Adani Ports and Adani Electricity, S&P Global said.

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Adani crisis a ‘storm in a tea cup’, says finance secretary

The Telegraph India 03 Feb 2023

The 2031 notes sold by Adani Ports, one of those which had a payment date on Feb ... “The negative outlook reflects the risk of a deterioration in the credit profile of Adani Ports and Adani Electricity Mumbai due to governance risks and funding challenges for the larger Adani Group,” S&P said in a statement.

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S&P cuts rating of two Adani firms' to negative from stable

Khaleejtimes 03 Feb 2023

"The negative outlook reflects the risk of a deterioration in the credit profile of Adani Ports and Adani Electricity Mumbai due to governance risks and funding challenges for the larger Adani Group," S&P said in statement ... Moody's said its ratings for Adani Ports and Special ...

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'Black Swan' author Nassim Nicholas Taleb has an advice for Gautam Adani

The Times of India 03 Feb 2023

Once the market stabilizes, Adani said he will review the capital market strategy of the ports-to-energy conglomerate, which needs funds to fuel its ambitious capex plans ... , Adani Ports ... to raise capital to fund committed capex or refinance maturing debt over the next 1-2 years.

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S&P downgrades two Adani firms, removes AEL from sustainability indices

Business Line 03 Feb 2023

... Group, S&P Global Ratings on Friday said it has revised the rating outlook for Adani Electricity Mumbai and Adani Ports to ‘negative’ from ‘stable’, on concerns of increased cost of capital and reduced funding access.