Indian Infrastructure Industry News & Updates - Ports
Norway excludes Adani Ports, two other companies from government pension fund over ethical concerns
India eyes more Chabahar-like pacts: Ports Minister Sarbananda Sonowal
Norway sovereign wealth fund excludes Adani Ports over ethical concerns
US ignoring its own sanctions waiver extended to India on Chabahar Port
Post India-Iran Chabahar port deal, US warns of potential sanctions risk
Mint Explainer: Why Iran’s Chabahar Port is vital to India's interests
On Monday, India and Iran signed a long-term contract for the development of Chabahar Port after years of negotiations. This has paved the way for increased Indian investment in the strategic port, which will serve as a vital trade artery connecting India with Afghanistan and Central Asian countries. It will also strengthen the country's presence on a strategic route that’s considered to be the main gateway for shipments from the Indian subcontinent to Europe.
India’s counter to Pakistan’s Gwadar port: New Delhi signs 10-year Chabahar Port pact with Iran
India signs long-term bilateral contract on Chabahar port with Iran
The Hindu Business Line
India signs deal with Iran to run Chabahar port
India to Ink 10-yr Chabahar Port Pact with Tehran Today
RINL’s operational woes worsen: Strike at Gangavaram Port leaves crucial coal supplies stranded
New Delhi: RINL (Rashtriya Ispat Nigam Ltd), the state-owned steel major and one of the rare long steel makers in the country, is in a tight corner, grappling with severe operational constraints. Raw material shortages have slashed its production capacity by 60 per cent, and only one of its three blast furnaces is currently operating.
RINL seeks Andhra's intervention for supply of coal from Gangavaram Port
The coking coal supply has been stuck since last month due to agitation of workers at AGPL (Adani Gangavaram Port Limited), which is operated by Adani group company Adani Ports and SEZ (APSEZ).
In discussion with various parties: Adani Ports on investing in Philippines
"The company evaluates various opportunities for growth and expansion of the business of the Company on an ongoing basis with the objective of enhancing stakeholders’ value. Pursuant to this, the management of the company remains in discussions with various parties," said APSEZ in an exchange filing.
DP World deploys 40-45% capex for free trade hubs in 3 ports
Major Indian ports bettered efficiency and earnings in 2023-24
JSW Infra earmarks Rs 30,000 cr capex till 2030
JSW Infrastructure, the ports business of Sajjan Jindal-led JSW Group, has earmarked an investment of Rs 30,000 crore as capex till 2030 for increasing port-handling capacities, hiking capacity utilisation and expansion plans.
Adani Group eyeing port in Philippines
Adani Ports & SEZ Q4 results: Net profit up 76% on year; declared dividend of Rs 6/share
Adani Ports & SEZ reported a net profit of Rs 2,014.77 crore for the quarter ending March of FY24, a jump of 76% on year, against Rs 1,139.07 crore in the same quarter a year ago.
Adani Ports guides for Rs 10,500-11,500 cr capex in FY25, banks on Gopalpur Port to achieve 500 MMT cargo volumes
Adani Ports and Special Economic Zone handles 36.2 MMT cargo globally in April
Adani Ports Q4 preview: Net profit likely to fall, sales to rise; board to consider dividend
Adani Group's Adani Ports and and Special Economic Zone is all set to post its financial result for the quarter ended on March 31, 2024. According to analysts, the company is likely to report mixed earnings, with revenue and EBITDA expected to surge significantly compared to the previous year, driven by increased volumes. However, they foresee a potential decline in net profit for the period.
Adani Ports and SEZ secures AAA rating by CARE Ratings
Adani Ports & SEZ attains India's first AAA ratings in private infrastructure space
Adani Ports & SEZ (APSEZ), one of the largest profit contributors for Adani Group, has been upgraded to AAA rating by Care Ratings.
An Adani project will put India on global maritime map
Adani Group's Vizhinjam Port gets ministry nod to run India's first transshipment operations
India’s major ports see 5% rise in traffic in FY24, driven by iron ore exports, coking coal imports
New Delhi: India’s major ports saw a 5 per cent-odd y-o-y increase in cargo traffic, including container movement, to 819.3 million tonnes (mt), driven by rising iron ore exports and increasing coking coal imports. Cargo traffic in the earlier fiscal (FY23) was 784.3 mt, data by the Indian Ports Association, accessed by businessline , show.
RINL in talks with Paradip port for “commodity loan”
New Delhi: Hit by non-availability of coking coal following a workers’ strike at the Adani-owned Gangavaram port, CPSE steel-maker RINL (Rashtriya Ispat Nigam Ltd) is in talks with Paradip port for a “commodity loan” of 50,000 tonnes (of coal), while it is re-routing two coal bearing ships from Gangavaram to Vizag port.
Adani Ports and Special Economic Zone scripts a turnaround story, unlocks growth potential after acquisitions
Protest at Adani port disrupts coal supply to RINL's Vizag plant
To woo ships, Cochin Port waives bunkering service charges for three more years
Cochin Port Authority has extended the “waiver of port charges for a further period of three years” for ships calling at outer anchorage of the port for bunkering services.
Adani Ports & SEZ handles more cargo than government for first time in FY24