JSW expansion, CSR plans figure in Jindal-CM meet. Kaushik Pradhan / Nov 04, 2026, 23:02 IST Kolkata: JSW Group chairperson Sajjan Jindal met CM Suvendu Adhikari at Nabanna on Wednesday, their first meeting since Adhikari took office. Briefing reporters after the meeting, the CM said Jindal had invited him to the Jan inauguration of JSW Energy's powerplant in West Midnapore's Salboni. "He (Jindal) told me they would start constructing the second and third powerplants at Salboni. Foundation stone for the second unit will be laid in Jan," the CM said. JSW Energy is building a 1,600 MW thermal power project in Salboni with Rs 16,000 crore. The project currently comprises two 800 MW units, with two more in the pipeline, as well as a paint manufacturing facility. Commercial power generation is expected to begin by 2030, with the entire output to be purchased by West Bengal State Electricity Distribution Company Limited at Rs 5.45 per unit. The CM said Jindal had expressed interest in upgrading Midnapore Medical College and Hospital as part of JSW's corporate social responsibility initiatives. "In addition, he expressed interest in renovating some temples in Bengal," Adhikari said. He added that while Jindal had not referred to ex-CM Mamata Banerjee, he did refer to former CM Buddhadeb Bhattacharya, calling him a "very good man". Officials added that the two also discussed broader investment opportunities in Bengal. Wednesday's meeting gathered significance in light of the fact that the state govt is scheduled to unveil its industrial policy on Thursday. JSW Group's Bengal footprint spans cement and power. The group operates a cement grinding facility in Salboni, which began in 2017-18, with an initial investment of Rs 800 crore for a 2.4 MTPA capacity which has since expanded to 3.6 MTPA. Since assuming office, Adhikari has reached out to multiple business groups to woo investments for the state. As a result, Adani Group is setting up a 2,000-bed hospital in New Town with an investment of Rs 4,000 crore and chairperson Gautam Adani announced plans to invest Rs 1 lakh crore in Bengal. Reliance is also said to be planning expansion across multiple sectors, including data centres, AI cloud services and coal gasification after the CM met Reliance Industries chairperson Mukesh Ambani and director Anil Ambani at their Mumbai residence in Sept. Top News Audio Briefing - 04 Nov 2026 11 PM End of Article

Adani Group stock with 19% revenue growth guidance for FY27 to keep an eye on. Adani Ports raises FY27 revenue and EBITDA guidance after strong Q2 growth, driven by four business segments, expanding international operations, higher cargo volumes and increased investments towards its Ambition 2031 targets. 02 Nov 2026 17:13 IST The shares of the Large-cap company, which specializes in developing, operating, and maintaining port infrastructure, marine services, and integrated shore-to-door logistics solutions, are in the spotlight following its updated guidance, Q2 results, and other Business updates. With a market capitalization of Rs. 4,26,462.83 crore in the day's trade, the shares of Adani Ports and Special Economic Zone Ltd rose by 1.11 percent, reaching a high of Rs. 1,863.55 per share compared to its previous closing price of Rs. 1,843.00 per share. Four growth engines driving APSEZ's performance. Domestic Ports. The domestic ports business of APSEZ posted a growth of 13 percent in revenues year on year to Rs. 7,177 crore in Q2 FY27. There was an increase of 11 percent in EBITDA at Rs. 5,201 crore on account of the strong EBITDA margin of 72.5 percent maintained by this business. The APSEZ reported cargo volume of 118 MMT in Q2 FY27 with 27.3 percent market share of the cargo in India and 44.4 percent market share of containers. APSEZ has domestic ports' aggregate capacity of 671 MMT to support its position in the Indian port and logistics industry. During the quarter, APSEZ secured a 30-year concession for Paradip Port's CQ-I and CQ-II dry bulk berths, adding 18 MMT of mechanised capacity. This strengthens its east coast network and improves access to mineral-rich regions. The company also commenced export-import (EXIM) operations at Vizhinjam Port, expanding its port operations further. International Ports. The international ports segment achieved impressive growth with revenues growing by 71 percent to Rs. 1,839 crore for Q2 FY27. The EBITDA was up by more than triple to Rs. 878 crore, with the EBITDA margin touching a high of 47.7 percent. APSEZ's international port volumes increased to 24 million metric tonnes (MMT) in Q2 FY27, compared with 10 MMT in Q2 FY26. Growth was driven by the continued expansion of Colombo West International Terminal (CWIT) and Tanzania operations, along with a contribution from NQXT Australia. CWIT handled 2 million TEUs within its first 18 months of operations, reflecting strong customer demand and operational growth. Following the successful implementation of Phase I, APSEZ launched Phase II of CWIT, increasing the capacity of the terminal from 1.6 million to 3.2 million TEUs. This is with the goal of having the terminal manage close to 25 percent of the 13 million TEUs capacity of the Port of Colombo that is planned by 2028. On the other hand, Tanzania operations witnessed their all-time quarterly volume of 265,518 TEUs, with 91,625 TEUs in the month of July 2026. Logistics. APSEZ's logistics business reported a 21 percent year-on-year increase in revenue to Rs. 1,273 crore in Q2 FY27. Growth was driven by the expansion of its integrated "shore-to-door" network, which connects port operations with transportation and end-to-end logistics services for customers. The logistics segment of APSEZ witnessed strong recovery in Q2 FY27, despite disruptions caused by the West Asia crisis in the previous quarter. The volume of containers was up by 15 percent to 167,453 TEUs from 145,310 TEUs in Q1 FY27, while the trucking income rose by 28 percent year-on-year. The income through IFN more than doubled to Rs. 289 crore. This change in the business mix is indicative of APSEZ's strategy of creating a holistic logistics chain that links ports to industrial centers and consumption centers in the country through its asset-light model. Marine. Marine operations witnessed a year-on-year growth in income of 57 percent to reach Rs. 1,007 crore in Q2 FY27, aided by the global expansion of the fleet and venturing into sub-sea services. The EBITDA saw a growth of 32 percent to reach Rs. 447 crore, highlighting the business's growing contribution to overall performance. Upgraded guidance. APSEZ has upgraded its FY27 revenue and EBITDA guidance following strong performance in the first half of the financial year. The company has increased its revenue target by Rs. 1,000 crore to Rs. 44,000-Rs. 46,000 crore, with expected year-on-year growth of 14-19 percent. The company has also raised its FY27 EBITDA guidance by Rs. 1,000 crore to Rs. 26,000-Rs. 27,000 crore, reflecting expected growth of 14-18 percent. Earlier, it had projected EBITDA of Rs. 25,000-Rs. 26,000 crore for the full financial year. Alongside the higher revenue and EBITDA targets, APSEZ has increased its FY27 capital expenditure guidance by Rs. 3,000 crore to Rs. 15,000-Rs. 17,000 crore. The additional investment is aimed at accelerating expansion across its ports, logistics and marine businesses. The company is working towards its FY31 Ambition of achieving Rs. 91,500 crore in revenue and Rs. 52,000 crore in EBITDA, equivalent to 2.4 times and 2.3 times its FY26 levels, respectively. APSEZ has maintained its net debt-to-EBITDA limit of up to 2.5 times, indicating that its debt guidance remains unchanged despite the higher planned investments. Management commentary. Comment by Ashwani Gupta, Whole-time Director & CEO:"The ability of APSEZ to scale up with financial efficiency makes it possible for Trade Brains group to aim for growth by utilizing its strengths on the balance sheet and generating cash flow. In that context, Q2FY27 was yet another impressive quarter. The Domestic Ports are driving its profits, while the International Ports, Logistics & Marine are acting as its growth drivers. As seen from the performance in H1, Trade Brains group is raising its FY27 guidance on the basis of revenues, EBITDA, and capex. While Trade Brains group continue to make investments to achieve its targets under Ambition 2031, Trade Brains group maintain an extremely strong balance sheet position. In the last two years, Trade Brains group has invested Rs. 30,346 Cr of capex, which includes higher-than-scheduled capex in H1, but still, its net debt to EBITDA is only 1.8x." Strong balance sheet accelerates growth momentum. APSEZ continued to maintain its robust financial performance through a gross debt of Rs. 57,717 crore and a cash balance of Rs. 12,502 crore. The company's net debt/EBITDA ratio stood at 1.8 times even though it invested Rs. 10,521 crore during the first half of FY27 and Rs. 30,346 crore during the last two years. Despite higher investments, the company generated free cash flow of Rs. 2,806 crore during H1 FY27. This indicates that APSEZ continued to generate surplus cash after accounting for its capital expenditure, supporting its expansion plans while maintaining financial stability. APSEZ also received a credit rating upgrade from S&P Global Ratings, which upgraded the long-term issuer credit rating to BBB from BBB-, and it also had a Stable outlook. The ratings assigned by CARE Ratings and ICRA were both confirmed as the domestic AAA rating, while the Japan Credit Rating Agency assigned an A- rating with a Stable outlook in January 2026. Financials & others. Revenue from Operations increased by 23.7 percent YoY, from Rs. 9,167.46 crore in Q2 FY26 to Rs. 11,340.40 crore in Q2 FY27. It also increased by 4.8 percent QoQ, from Rs. 10,820.80 crore in Q1 FY27 to Rs. 11,340.40 crore in Q2 FY27. The company's Net Profit increased by 18.0 percent YoY, from Rs. 3,120.20 crore in Q2 FY26 to Rs. 3,682.44 crore in Q2 FY27. It also increased by 0.9 percent QoQ, from Rs. 3,649.50 crore in Q1 FY27 to Rs. 3,682.44 crore in Q2 FY27. Adani Ports and Special Economic Zone (APSEZ), which is a subsidiary of the Adani Group, is the biggest transport operator in India, providing logistics solutions right from cargo generation to port operations, rail transportation, warehousing, and delivery at the final destination. APSEZ operates 16 ports and terminals in India and four ports in other countries such as Australia, Colombo, Israel and Tanzania, with a fleet of 138 ships. In addition, APSEZ manages 12 multi-modal logistics parks, 3.1 million sq. ft. of warehousing facilities, and over 40,000 trucks. The company can handle cargo of 671 million tonnes annually and controls about 27% of India's port cargo traffic, and aims to increase cargo handling to 1 billion tonnes annually by FY31. Conclusion. The good performance of APSEZ in the second quarter of FY27, fueled by growth in both the domestic and international ports, logistics, and marine businesses, is a testimony to the benefits of a diversified portfolio of activities. The revised forecast of FY27 revenue and EBITDA, together with new capacities and increased international operations, will enable the company to attain its growth targets. Looking to the future, it is going to be up to whether the corporation can maintain its cargo volumes, improve efficiency, and reap a profit on higher investments that will determine its ability to achieve its new goals. Despite the promising outlook for its growth initiatives and strong financial standing, investors have risks to consider.

market news. * Equity * Mutual Fund * IPO * News 02-Nov-2026 15:14 Hrs IST Marathon jumps after getting nod to acquire Adani Group's 60% stake in Monte South. Marathon Nextgen Realty is currently trading at Rs. 389.40, up by 19.45 points or 5.26% from its previous closing of Rs. 369.95 on the BSE. The scrip opened at Rs. 375.00 and has touched a high and low of Rs. 413.65 and Rs. 373.00 respectively. So far 6133 shares were traded on the counter. The BSE group 'B' stock of face value Rs. 5 has touched a 52 week high of Rs. 617.25 on 04-Nov-2025 and a 52 week low of Rs. 342.90 on 18-Aug-2026. Last one week high and low of the scrip stood at Rs. 413.65 and Rs. 358.00 respectively. The current market cap of the company is Rs. 2565.93 crore. The promoters holding in the company stood at 56.40%, while Institutions and Non-Institutions held 17.06% and 26.54% respectively. Marathon Nextgen Realty's (MNRL) Board of Directors has approved the acquisition of Adani Group's 60% stake in Monte South for a consideration of around Rs 335 crore. Upon completion of the transaction, Marathon's stake in the development will increase from 40% to 100%, giving it sole ownership and control of the landmark development in Byculla, Mumbai. Monte South was the Adani Group's first premium real estate development in Mumbai. Since then, the Adani Group has significantly expanded its presence in the Mumbai Metropolitan Region (MMR), taking up several substantially larger developments. As the Group increasingly focuses its resources and attention on these larger opportunities, it has decided to exit its investment in Monte South. Marathon values its association with the Adani Group and looks forward to future opportunities to participate in the Group's developments. The acquisition reflects Marathon Nextgen's growth-oriented strategy and its ambition to expand the scale and reach of its business. The company will continue to actively pursue opportunities to strengthen its development portfolio, enter new growth avenues and create long-term value for shareholders. Marathon Nextgen Realty focuses on residential and commercial segments.