After giving relaxation in coastal shipping rule to Vallarpadam port in Kerala a year back, Adani Ports and Visakha Container Terminal are still are also waiting for the Union Shipping Ministry to relax the stringent coastal shipping rule that has the potential to double their transshipment business.
Tag: Adani Ports
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Adanis may buy Dhamra Port from Tata, L&T
To expand its presence in the country's east coast, India's biggest port operator Adani Ports is said to have clinched a deal to acquire Dhamra Port, an equal joint venture between Tatas and L&T. The deal is stated to be around Rs 5,000 crore. Sources concerned said that the deal has almost completed as the talks between Adanis and Tata Steel and Larsen & Toubro have reached to the stage of signing it formally.
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Haldia Dock II project
RPS Kahlon, Chairman of Kolkata Port Trust (KoPT) informed that Concast-Hyundai and Adani Ports showed interest in developing the second dock facility at Haldia.
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Adani Ports and SEZ Ltd: Q3 Financial Results
Adani Ports & SEZ Ltd, India's largest private port developer and part of Adani Group, today said its total income rose 35% to Rs.2,533 crore for the nine months ended December 31, 2012 compared to Rs.1,870 crore in the corresponding nine months of previous year.
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Adani Group to strengthen presence in port sector
Adani Group, which operates Adani Ports in Gujarat, plans to strengthen its presence in the port sector by lining up greenfield projects and also by acquiring some port companies. As part of this strategy, the group is constructing ports in Hazira, coal berths in Mormugao and Vizag and a dry b
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Adani, Essar to bid for terminal project
According to top government sources, Adani Ports and Essar Ports have received approval from the Union Home Ministry to participate in the Rs 4,000-crore mega container terminal project in Chennai Port. Chennai Port plans to set up a mega container terminal, with a capacity of 4 million TEU. The proposed terminal has been envisaged as the largest container terminal on the countryÂ’s east coast and it will be able to handle ultra-large container vessels. Essar Ports had to seek clearance from the