SP Group owns 56% of the all-weather deep-draft port. Due diligence underway; Upto Rs 1200 cr equity valuation likely. Port also has long-term bank facilities of Rs 1,432 crore, as on Feb 23. Proceeds from asset sale will go toward repaying debenture holders .
Adani closing in to buy Shapoorji Pallonji Group’s Gopalpur Ports in Odisha
Shipbuilding orders worth Rs 6,800 crore received in last four years: Sarbananda Sonowal
2 years ago
The scheme offers financial assistance to Indian Shipyards for shipbuilding contracts signed between April 1, 2016 and March 31, 2026 with rate of financial assistance starting from 20% in 2016 and diminishing to 11% in 2026.
Total I&L supply in 2023 is likely to touch 5.2 mn. sq. ft. Kolkata’s strategic location as the entry point to the country’s east and further to land-locked countries such as Nepal and Bhutan and the state’s industrial prowess has further boosted the city’s I&L sector.
JSW Dharamtar Port, a wholly-owned subsidiary of JSW Infrastructure, has signed an agreement to purchase 50% of PNP Maritime Services, which is held by SP Port Maintenance, a Shapoorji Pallonji group company.
JSW Infrastructure is set to acquire a controlling stake in PNP Port, a subsidiary of Shapoorji Pallonji Group, for Rs 270 crore. This transaction values PNP Port at an enterprise value of approximately Rs 700 crore, boasting a current capacity of 5 million tonnes per annum (MTPA) and potential expansion to 19 MTPA. J
Adani International Container Terminal Pvt Ltd (AICTPL) has become the first terminal in India to handle over 3 lakh containers in a month. In the initial 8 months of FY24, APSEZ handled 275 MMT of cargo. APSEZ’s Dhamra & Ennore Ports recorded their highest-ever monthly volumes.
The company recently launched ASTRO ecosystem for warehouse automation across diverse industries, including direct-to-consumer, third-party logistics, e-commerce and the last-mile delivery industries.
Keni Port is envisaged as an all-weather, greenfield, multi-cargo, direct berthing, deep-water commercial port for handling all types of cargoes on the west coast in the North Karnataka region to serve the industries in the area covering Bellary, Hosapete, Hubballi, Kalaburagi, and South Maharashtra, the statement added.
India’s President Droupadi Murmu has emphasized the need to strengthen the infrastructure of ports and increase their efficiency. Speaking at the ‘Boita Bandana’ boat worship ceremony in Odisha, Murmu praised the government’s Sagarmala programme for strengthening port activities and emphasized the importance of maritime trade in the country’s trade and economic development.
Strategically positioned in cities like Kolkata, Delhi and Mumbai, this expansion indicates a significant step towards strengthening Blue Dart’s connectivity across the nation, the company said in a statement.