The 12 per cent fall in Adani Ports and Special Economic Zone´s stock is the firm´s single largest decline in the past two years. It came on the back of research houses like Citigroup downgrading the stock from ´buy´ to ´neutral´ following a sharp increase in net debt, loans and advances.
Category: Ports & Shipping
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We are cautiously optimistic about a positive future
At IRClass, in the last 12 months, we have seen growth in our top line. However, the global slump in oil prices, the dip in offshore productions, China´s slowdown, and India´s mining crisis, have inevitably resulted in pressure on industry revenue streams.
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Essar Shipping Q4 net loss narrows
Essar Shipping said its consolidated net loss narrowed to Rs.151.66 crore for the quarter ended March 31, 2016. The firm had posted a net loss of Rs.159.69 crore in the year-ago period, it said in a filing.
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Dhamra Port kicks off work on expansion
Adani Group-controlled Dhamra Ports Company Ltd (DPCL) has initiated work on its second phase of expansion, after getting advance possession of 740 acres of land from the Odisha government.
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Kolkata Port Trust operational surplus at Rs 603 cr in FY16
Kolkata Port Trust (KoPT) has announced a 28.58 per cent rise in operational surplus at Rs.603.65 crore for 2015-16.
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Private participation likely in modernisation of state-run ports
Drawing from the experience of the aviation and highways sectors, the Shipping Ministry is looking at modernising state-run sea ports with private sector support as a first step.
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Kandla gets quality evaluation lab of Spices Board
The Spices Board has set up Gujarat´s first quality evaluation laboratory at Kandla port. The facility, which became operational from May 4, 2016
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Essar Ports receives approval from GMB
Essar Ports said it has received approval from Gujarat Maritime Board (GMB) to handle 15 million tonne of merchant cargo over three years and the company´s
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We will soon form an SPV for port connectivity projects
The state has a long coastline of 720 km, which is almost 10 per cent of India´s coastline. It´s well connected through 18 National Highways and nearly 6,000 km of the railway network.
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We have committed Rs.10,000 cr to Maharashtra´s port infrastructure projects
Maharashtra is the most industrialised state in the country and is one of the prime movers of India´s success story. Like a true leader, Maharashtra has been showing the way to emulate in fields varying from infrastructure to industrialisation and from education to research.