Adani Ports raises FY26 EBITDA, cargo outlook after Australia NQXT acquisition

On a proforma basis, APSEZ has revised its FY26 EBITDA guidance to ?22,350–23,350 crore from ?21,000–22,000 crore earlier. Cargo volume guidance has been increased to 545–555 million metric tonnes from 505–515 million tonnes. The company said it remains on track to reach 1 billion tonnes of cargo throughput by 2030.

Adani Ports has acquired NQXT Australia. This move boosts its international operations and cargo handling goals. The deal received necessary approvals. NQXT is expected to contribute significantly to Adani Ports’ future earnings. The Australian terminal offers strong EBITDA margins and stable cash flows. Adani Ports plans to expand NQXT’s capacity. This acquisition enhances its position […]

India’s defence shipbuilding sector is entering a period of strong growth. Increased naval capital expenditure and government policy are driving this expansion. Projects worth over Rs 2.3 trillion are underway or approved. This includes destroyers, frigates, submarines, and aircraft carriers. India aims to become a top global shipbuilding nation by 2047.

Delhivery has officially debuted its rapid intra-city shipping service in both Mumbai and Hyderabad, revolutionizing local delivery options. Through the user-friendly Delhivery Direct App, customers can easily book pickups in as little as 15 minutes, perfect for small businesses and everyday individuals looking for quick local deliveries. Plus, the app simplifies intercity shipping throughout India.

A parliamentary committee has urged the government to quickly start lending through the Sagarmala Finance Corporation. This aims to boost India’s maritime sector. The committee also wants faster implementation of financial assistance policies and a dedicated fund for maritime development. A high-level task force will monitor ongoing projects to bridge infrastructure gaps.

ET reported in October how a strong order pipeline and new contracts have prompted CSL to start tying up funds for its Rs 6,000 crore investment plans that will fructify in the coming five to six years.

HD Hyundai, a major South Korean shipbuilding company, will establish its first Indian shipyard in Thoothukudi, Tamil Nadu. This significant investment follows extensive scouting and discussions with various Indian states. The project highlights Tamil Nadu’s strong policy framework and engineering ecosystem. HD Hyundai’s presence signifies a major boost for India’s maritime infrastructure and manufacturing capabilities.

Adani Ports’ Dighi Port is set to become a major automobile exports terminal following a partnership with Motherson. This collaboration will enable the port to handle 200,000 cars annually, serving the Mumbai to Pune auto belt and supporting India’s automotive export growth under the Make in India initiative.

SMFCL, formerly known as Sagarmala Development Company Limited, is the country’s first maritime sector-specific non-banking financial company.

Inland Waterways Authority of India inks key agreements to boost Assam’s water transport. MoUs with Assam Petro-Chemicals and the state government will enhance cargo and passenger movement. These initiatives aim to strengthen regional connectivity and industrial potential. Projects across Northeast India are progressing, focusing on developing waterways for trade and tourism.