Adani Ports and Special Economic Zone Ltd (APSEZ) reported a 26 per cent jump in its consolidated net profit to Rs.644.96 core for the quarter ended December 2015.
Category: Ports & Shipping
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Shapoorji in talks with Karaikal port
Shapoorji Pallonji Group is in talks with the promoters and private equity investors of Karaikal Port
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Centre to float tenders for Colachel port
The Shipping Ministry will issue tenders by March for the appointment of a consultant for the proposed trans-shipment port of Colachel. Union Transport Minister Nitin Gadkari said Colachel in Tamil Nadu, Sagar in West Bengal and Wadhawan at Dahanu in Maharashtra will be the three new greenfield ports
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JSW eyes port asset acquisitions
JSW Group is looking for port assets as part of a strategy to expand ports capacity, its CFO Seshagiri Rao said. ´
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Green nod for FSRU at Kakinada port
The ministry of environment, forests and climate change (MoEF) has given environmental and coastal regulation zone (CRZ) clearance to AP Gas Distribution Corporation Limited for developing Floating Storage Re-gasification Unit (FSRU) based LNG terminal at Kakinada deep water port.
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Cargo traffic up 3.36%: Official
Buoyed by pick up in demand, India´s 12 major ports saw cargo traffic increase by 3.36 per cent to 499.23 mt in the first 10 months of the current fiscal. These top ports handled 483.01 mt cargo during April-Jan of the last fiscal.
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Cochin Shipyard to build 4 catamarans: Gadkari
All set for its maiden foray into catamaran manufacturing, Cochin Shipyard will build four such popular vessels, used for cruising and other purposes. This is for the Andaman and Nicobar Islands, Union Minister Nitin Gadkari said.
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Rs.50,000-cr port projects in pipeline
The Shipping Ministry is overseeing 33 projects worth Rs.32,000 crore, while 45 projects with an investment of around Rs.18,414 crore are under operation, Parliament was informed in late February.
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No deals in shipping, ports for two years
Private equity firms have stayed away from investing in shipping, ports and logistics for two years in a row. ´PEs have stopped coming into the sector and there is no easy money for the shipping business,´ G Shivakumar, CFO, Great Eastern Shipping, said in the third quarter earnings conference call.
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Vizag Port to run on solar power from next month
Vizag port in APis set to run its entire operations on solar power from March, its chairman MT Krishna Babu said. Visakhapatnam Port Trust has commissioned 2 MW solar capacity and will add another 8 MW by March 20, he said.