Chennai Port Trust (ChPT) has decided to revive three major projects. First in the agenda is the revival of outer harbour project. Known as mega container terminal,
Tag: revenue
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Cairn India annnounces financial results
Cairn India Ltd (CIL) has announced its annual financial results for the period ending 31 March 2014. The result recorded a revenue of Rs 18,762 crore ($3.1 billion), up 7 per cent YoY on account of enhanced volumes
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Paradigm shift in procurement process
The Indian aviation market has been witnessing significant growth in the last few years. Currently the ninth largest aviation market, handling 121 million domestic and 41 million international passengers,
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Bharuch-Dahej Rail line to generate Rs 1,000-cr revenue
In Gujarat, the 64-km-long Bharuch-Dahej Rail Corridor (BDRC) that passes through a fast-growing industrial zone is looking to tap Rs 1,000-crore annual revenue by the end of the current fiscal. The Corridor is to become functional in the next six months to handle bulk and container cargo.
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Kochi port to earn more with sand import
Restrictions clamped on sand mining in Kerala are going to help Kochi port to gain more revenue. Real estate companies are expected to depend on imported sand to meet the growing demand and Kochi port sees it as an opportunity to enhance its cargo throughput.
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Borrowing of infra firms rises faster than revenue
Official data shows that the borrowing of 17 construction and infrastructure (C&I) companies that are part of the BSE-500 index has risen more than their revenue and net profit during the last five years since 2008. While borrowings of these firms rose a little over five times, to Rs 2.7 lakh crore since 2008, their revenue and cas
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OSL gets 20% revenue from dredging
Marine service provider Ocean Sparkle (OSL) generates 20 percent of its revenue through dredging operation and another 45-50 percent of income from operations at minor ports. The Hyderabad-based firm provides services like harbour towage, pilotage of various kinds of vessels including specialised tonnage like LNG (liquefied natural gas)
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Steel Exchange posts profit in June quarter
The standalone net profit of Steel Exchange of India stood at Rs 2.71 crore during Apr-Jun 2013 compared to a net loss of Rs 13.10 crore in the year-ago period. The standalone sales turnover of the firm rose to Rs 310.55 crore from Rs 292.43 crore in the year-ago period. Other income for the quarter declined to Rs 0.91 crore from
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Mormugao Port takes steps to attract diversified cargoes
Mormugao Port Trust is taking steps to attract cargoes other than iron ore in order to ramp up its revenue, which took a hit following the decline in iron ore export. Over 80 per cent of the total traffic at the port consisted of iron ore export cargo till the mining ban in Goa affected shipment of the raw material
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Net profit of Karnataka Bank rises 12.9%
Net profit of Karnataka Bank rose 12.87 per cent to Rs 94.17 crore during Apr-Jun 2013 compared to Rs 83.43 crore in the year-ago period. Growth in operating profits to Rs 257.51 crore during the quarter from Rs 168.94 crore in the year-ago period enabled the firm post strong net profit. Other income of the bank rose 116 per cent to Rs 205.95 crore from Rs 95.33 crore in the corresponding prev