Q4: APM Terminals Pipavav net profit reduces by 32%

23 May 2024 CW Team

For the fourth quarter that concluded in March 2024, APM Terminals Pipavav (Gujarat Pipavav Port Ltd.) reported a 32.35% decrease in consolidated net profit to Rs 0.65 billion. A year prior, the business had declared a profit of Rs 0.97 billion.

In comparison to the same period last year, its operational revenue for the fourth quarter was Rs 2.70 billion, as opposed to Rs 2.50 billion. The firm announced a net profit of Rs 3.42 billion for the fiscal year that concluded in March 2024, an increase of 9.21% over the Rs 3.13 billion recorded for the previous fiscal year. APM Terminals Pipavav is a prominent gateway port in India for containers, liquid bulk, dry bulk, and roll-on/roll-off (RoRo) cargo. It is connected to India's northwest hinterland via rail and road networks.

Equipment

16 Jul 2026

LiuGong India Opens New Manufacturing Plant in Pithampur

LiuGong India recently inaugurated its new manufacturing facility at its Pithampur campus in Madhya Pradesh, strengthening the company’s local production capabilities and its commitment to the Make in India initiative.The facility was inaugurated by Madhya Pradesh Chief Minister Dr Mohan Yadav in the presence of government representatives, infrastructure developers, customers, channel partners, industry leaders and LiuGong’s global management team.The new plant is equipped with advanced manufacturing technologies and modern production systems. It will support LiuGong’s growing demand fro..

Dalmia Bharat Begins Rs 31 Bn Green Cement Unit in Kadapa

Dalmia Bharat Limited recently laid the foundation stone for its second manufacturing unit at Kadapa in Andhra Pradesh. The company will invest Rs 31 billion in developing the next-generation integrated cement manufacturing facility.The foundation-laying ceremony was attended by Nara Lokesh, Andhra Pradesh Minister for Information Technology, Electronics and Communications, Real-Time Governance and Human Resources Development, along with Puneet Dalmia, Managing Director and Chief Executive Officer, Dalmia Bharat, senior government officials and company representatives.Scheduled to be commissio..

Railways To Operate Over 300 Special Trains For Rath Yatra

Union Railway Minister Ashwini Vaishnaw announced that Indian Railways (IR) will operate more than 300 special trains for the annual Jagannath Rath Yatra in Odisha and over 100 special trains during the Onam festival in Keralam. He flagged off the Nanded–Mumbai and Tanakpur–Nanded Express trains and inaugurated the extension of the Tanakpur–Pilibhit service up to Shahjahanpur via video conference from Rail Sadan in Bhubaneswar. He noted that the summer season, which concluded on 30 June, had seen a record 15,000 special trains. Vaishnaw stated that the newly launched services are intende..