For the quarter ended September 30, 2013, Adani Ports and SEZ on October 26 reported over 24 per cent jump in consolidated net profit at Rs 341.83 crore. The firm had reported a net profit of Rs 275.56 crore in the July-September, 2012-13 fiscal.
Category: Ports & Shipping
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New wage settlement signed for port & dock workers
For port and dock workers, a new wage settlement was signed on October 25 in New Delhi before the Chief Labour Commissioner. The settlement was signed between the five major port and dock workersÂ’ federations and the Indian Port Association, the governing body of major ports. The settlement would come into force from January 1, 2012.
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Rains hit cargo handling at Vizag port
After the 'Samaikhyandhra' protests, now cargo handling operations at Visakhapatnam port have been hit by incessant rains over the last three to four days. At least eight berths have been hit at the Visakhapatnam Port Trust (VPT) due to the incessant rains, say media reports.
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Cochin Shipyard pays dividend for the 5th year
A dividend of Rs 16.99 crore has been paid by the Cochin Shipyard (CSL) to the Union government on October 23. This is the company's fifth consecutive year paying the dividend. The dividend consists of Rs 1.5 per Equity Share on the 11,32,80,000 fully paid equity shares of Rs 10 each.
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Mechanised coal handling at Marmugao port may take time
The Goa State Pollution Control Board has deferred the Mormugao Port's proposal to establish mechanised coal and coke handling at its berth, stalling the port's plans to revive the ailing business. GSPCB had stopped the operations of handling both the commodities at berth number 10 and 11, after the port town witnessed unprecedented coal dust pollution.
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Karnataka to hire surveyors at Old Mlore Port
As the Karnataka government took a decision to hire services of two captains for minor ports on contract basis at Old Mangalore Port, the agitating users of Old Mangalore Port withdrew their strike on October 22. They were demanding for the services of the captains for survey of vessels.
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Kandla port takes over ABG’s container terminal
A failed container terminal has been taken over by the Kandla port from ABG Infralogistics after depositing a security amount worth Rs 110 crore as lenderÂ’s dues with the registrar of the Ahmedabad high court where the case was decided recently.
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Plea to bring minor ports under TAMP norms
All India Port and Dock WorkersÂ’ Federation has demanded that minor ports be brought under the purview of the Tariff Authority of Major Ports (TAMP). The demand comes in the wake of minor ports handling considerable share of cargo.
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Adani criticises Shipping Ministry over cabotage relaxation to DP World port
Adani Port slams Shipping ministry for allowing cabotage relaxation only to DP world run Vallarpadam Port. The Vallarpadam port had received cabotage relaxation in the year 2012, since then not a single port (including private ports) have not received such facility from the ministry.
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Gujarat Pipavav Port Q3 profit up at Rs 44.1 cr
The Nikhil Gandhi-promoted Gujarat Pipavav Port on October 22 reported an over five-fold growth in post tax profit at Rs 44.1 crore for the third quarter ended September 30. The company had recorded a net profit of Rs 8.2 crore in the corresponding July-September period last year.