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.
Category: Ports & Shipping
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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.
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Gadkari inaugurates Sagarmala Development Company
Shipping, Road Transport and Highways Minister Nitin Gadkari has said that the Sagarmala project will fetch nearly Rs 12-15-lakh crore of capital investments.
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Trade unions want level playing field
Prominent national level leaders of dock worker unions have intensified the pitch for removal of´regulator raj´ to ensure a level-playing field to compete with the non-major ports.