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Delay in freight corridor, muted near-term volumes, and a weak rupee are worries
Total income grew to Rs 3,216.92 crore during the quarter under review as against Rs 2,703.86 crore a year ago
NOCL has revealed that the three prospective bidders have submitted their Expression of Interest (EoI) for submission of their Scheme for revival under the Section 230 of the Companies Act, 2013
The company intends to use the proceeds of the issue of notes, together with cash on hand of the company, to fund the tender offer and to redeem for cash any and all of its senior notes due in 2020
Shares of APSEZ were trading 0.92% lower at Rs 411.20 apiece on BSE
APSEZ, part of Gautam Adani-led Adani Group had recorded 100 MT cargo in 2013-14
While the stock trades at 30-35% discount to its historic valuation, inter-corporate transactions and debt remain an overhang
About the operational highlights during the quarter, the company said its cargo volume grew by 12%
Capacity constraints at Chennai Port and the promise of quick turnaround are drawing the attention of large shipping lines to its newly opened container terminal at Ennore
The stock slipped 6% to Rs 375 on the BSE after the company reported its consolidated net profit at Rs 6.97 billion in June quarter, due to mark to market loss of Rs 3.83 billion during the quarter.
Also, GMR Infrastructure announced developing through its subsidiary a deep-draft, multi-cargo greenfield port near Kakinada
The acquisition will strengthen Adani's presence in East Coast and will enable the company to develop container terminal operation to increase market share
The terminal will be capable of reloading LNG to service proximate markets via the maritime route
The project has drawn ire from environmentalists, who say it will endanger the health of the nation's Great Barrier Reef
Adani Ports & Special Economic Zone Ltd (APSEZ), the country's larget private port developer, today announced appointment of Mrithyunjay Chandilya as chief executive officer (CEO) its logistics business.Mrithyunjay Chandilya, who has served as the CEO of AirAsia India, comes with global exposure and a strong experience of working in leadership positions in multinational and consulting organizations, said Adani in its release. "We welcome Mrithyunjay Chandilya to the Adani Group. Our country has laid strong emphasis on manufacturing and initiatives such as "Make in India" are boosting domestic production, which in turn is bolstering the logistics industry. Logistics is the backbone of our economy, providing efficient and cost effective flow of goods on which other commercial sectors depend. As a group we aim to build our identity around an integrated logistics business model, we are not going to be known as just a port company but more as a logistics company led by our ports ...
India's seaborne coal imports dropped in first 7 months of the year by 13.4% to 105.36 mt
Govt is planning to sell 51% stake in the mini-ratna PSU
Deal might be a strategic fit, as Adani now has the largest capital dredging capacity in the country