Adani Ports crosses 300 MMT cargo handling

Myanmar Port sold at discounted price of $30 million by Adani Ports

Adani Ports and Special Economic Zone (APSEZ), the largest private port operator in India, stated that it had agreed to sell the contentious Myanmar Port for $30 million, which is $120 million less than the value of its previous investment in the port. Karan Adani, CEO & Director, APSEZ stated that, "This exit is in line with the guidance provided by the APSEZ Board based on the recommendations made by the risk committee in October 2021." The business announced the signing of a share-purchase agreement for the sale of its Myanmar Port in May 2022. The agreement included a number of cond..

AMNS aims to design Captive Port For Hazira Steel Plant

The new captive port at Suvali in Surat will be designed to handle 60 mt of bulk, break bulk cargo, and finished goods, as well as 5 mt of liquefied natural gas (LNG), from 8 berths, three of which can accommodate Capesize vessels with a capacity of 180,000 dead weight tonnes (DWT), and four of which can dock Supramax ships with a capacity of 55,000 DWT.

Documents show that months after purchasing a 25 million tonne (mt) capacity captive port at Hazira from Essar Group to serve its nearby steel mill, ArcelorMittal Nippon Steel India Ltd (AMNS) has begun plans to build a new deep dra..

Adani Ports ends FY23 with 9 pc growth

Adani Ports and Special Economic Zone Ltd (APSEZ), the largest integrated transport provider in India and a part of the varied Adani Group, handled 32 MMT of total cargo in March 2023, an increase of 9.5% over the same month the previous year. The volumes ultimately crossed the 30-MMT mark after July 2022. The APSEZ reported its greatest port cargo volumes ever in FY23 (April 2022–March 2023), totaling 339 MMT, showing a healthy 9% year-over-year increase. Adani Ports has steadily increased its market share over the previous few years, exceeding all growth in India's freight tonnage.

Nalanda Capital Sells Stake in Great Eastern Shipping

Nalanda Capital has divested a 1.4% stake in Great Eastern Shipping, a prominent player in the ports and shipping industry, for a total sum of Rs. 1.90 billion. This move comes amidst evolving market dynamics and reflects Nalanda Capital's strategic realignment of its investment portfolio.

The sale of shares in Great Eastern Shipping represents a calculated decision by Nalanda Capital to optimise its investment holdings and capitalise on market opportunities. The transaction, valued at Rs. 1.90 billion, underscores the investor's confidence in realising returns while maintaining flexibi..

Chabahar unveils India's infrastructure strategy

The centrepiece of the Narendra Modi government's agenda is the construction of an extensive network of roads, highways, tunnels, bridges, airports, metros, and high-speed trains. However, one crucial aspect of Modi's ambitious infrastructure overhaul remains hidden from the view of voters.

Last week, The Economist pointed out that while most Indians may not directly engage with certain sectors, such as ports, these areas undergo significant transformations that impact their lives. The magazine noted substantial enhancements in the capacity and efficiency of ports, illustrating a deep..