Adani Ports and Special Economic Zone (APSEZ) has reported a healthy 25.82 per cent jump in consolidated net profit to Rs 849.75 crore for the quarter ended December 2016, on the back of increased income. APSEZ is the country's largest port developer and the logistics arm of Adani Group.
Category: Ports & Shipping
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APM Terminals Pipavav welcomes one of the largest RoRo carriers
APM Terminals Pipavav has welcomed the Hoegh Tracer, one of the worldÂ’s largest pure car and truck carriers (PCTC), and the largest to ever call on an Indian port. At 14 decks high, the Hoegh Tracer has a capacity of 8,500 vehicles, and loaded 1,700 cars at Pipavav for export delivery on the Hoegh Middle East, India and Africa (MIAF) Service.
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Adani PortsÂ’ Q3 net profit up 26percent to Rs 850 crore
Adani Ports and Special Economic Zone (APSEZ) has reported a healthy 25.82 per cent jump in consolidated net profit to Rs 849.75 crore for the quarter ended December 2016, on the back of increased income.
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APM Terminals Pipavav implements system for paper-free customs clearance
APM Terminals Pipavav has successfully implemented e-SMTP (electronic sub-manifest transshipment permit) at its port beginning 2017.
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‘SEZ India’ app launched by Commerce Ministry
A mobile app named “SEZ India” has been launched by the Commerce Secretary. SEZ Division, Department of Commerce, under its broader e-governance initiative, i.e., SEZ Online System, has developed a mobile app for Special Economic Zones (SEZs).
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Adani Ports to develop phase-III of Mundra Port for Rs 6,000 crore
Adani Ports and SEZ Ltd will invest Rs 6,000 crore for the development of the third phase of Mundra Port.
The upcoming capacity expansion of Mundra Port, touted as one of the top multi-purpose ports in the country in terms of traffic, would lead to employment generation for 600 people, sources said.
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Adani Ports to raise $500 million via foreign currency bonds
Adani Ports and Special Economic Zone Ltd (APSEZ) has said that its board has approved raising $500 million (over Rs 3,400 crore) by issuing foreign currency denominated bonds.
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Centre moves towards corporatisation of Major Ports
The Major Port Authorities Bill, which seeks to provide significant operational autonomy to the Major Ports, will allow the 12 state-run entities to work like a corporate with full flexibility, says a research report.
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JSW forays into port operations in UAE
JSW Infrastructure (JSWIL) signed an agreement with Port of Fujairah for management of mechanised bulk cargo handling terminals on November 8, 2016. This is first foreign venture by JSW Infrastructure.
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Forum urges AP to develop Ramayapatnam port
The Prakasam District Development Forum has urged AP Chief Minister N Chandrababu Naidu to urge the Centre to take up the second major Central project in Ramayapatnam without any delay.