APSEZ ports' May cargo handling surges 19%, YTD figures rise 16%

05 Jun 2023 CW Team

Adani Ports and Special Economic Zone’s (APSEZ) total cargo handling at their controlled ports increased by 19% to 36 MMT in May compared to the previous year. The company stated that there was growth observed across most ports and all three cargo segments. On a year-to-date basis, APSEZ's overall cargo volumes surged by 16 percent, reaching 68.5 MMT. The container segment experienced a 24 percent rise in volumes during the first five months of the year, while the dry bulk and liquids and gas segments witnessed an increase of 12 percent and 10 percent respectively.

Additionally, the rail volumes for the year-to-date period also saw a significant jump of 25 percent, amounting to 93,000 TEUs.

Earlier, the company had announced its plan to pay off $130 million of its debt early, following a tender offer for the early payment of approximately $413 million worth of debt. This move was made to enhance investor confidence, especially after the group's shares were negatively impacted by a report from Hindenburg Research, a US-based short seller.

During the same month, Deloitte, the company's auditor, raised concerns about APSEZ's transactions with three entities and expressed uncertainty about the company's compliance with local laws. In a qualified opinion, Deloitte stated that the evaluation conducted by the group did not provide sufficient appropriate audit evidence for the purpose of the audit.

Infrastructure Transport

06 Feb 2026

Lucknow Metro East-West Corridor Consultancy Contract Awarded

The Uttar Pradesh Metro Rail Corporation has awarded the first construction-related consultancy contract for the Lucknow Metro East West Corridor to a joint venture of AYESA Ingenieria Arquitectura SAU and AYESA India Pvt Ltd. The firm was declared the lowest bidder for the Detailed Design Consultant contract for Lucknow Metro Line-2 under Phase 1B and the contract was recommended following the financial bid. The contract is valued at Rs 159.0 million (mn), covering design services for the corridor. Lucknow Metro Line-2 envisages the construction of an 11.165 kilometre corridor connecting Cha..

Div Com Kashmir Urges Fast Tracking Of Jhelum Water Transport Project

The Divisional Commissioner of Kashmir has called for the fast-tracking of the Jhelum water transport project, urging district administrations and relevant agencies to accelerate planning and clearances. In a meeting convened at the divisional headquarters, the commissioner instructed officials from irrigation, public health engineering and municipal departments to prioritise the project and coordinate survey and design work. The directive emphasised removal of administrative bottlenecks and close monitoring to ensure timely mobilisation of resources and contractors. Officials were told to in..

Interarch Reports Strong Q3 And Nine Month Results

Interarch Building Solutions Limited reported unaudited results for the third quarter and nine months ended 31 December 2025, recording strong revenue growth driven by execution and a robust order book. Net revenue for the third quarter rose by 43.7 per cent to Rs 5.225 billion (bn), compared with Rs 3.636 bn a year earlier, reflecting heightened demand in pre-engineered building projects. The company’s total order book as at 31 January 2026 stood at Rs 16.85 bn, supporting near-term visibility. EBITDA excluding other income for the quarter increased by 43.2 per cent to Rs 503 million (mn),..