Adani Ports and Special Economic Zone (APSEZ), India’s largest private multi-port operator, said it signed a 50-year Build Operate and Transfer (BOT) agreement to develop and operate a container terminal at Yangon port, Myanmar. BOT is a form of project financing wherein a private entity receives concession from the private or public sector to finance, […]
Adani Ports and Special Economic Zone (APSEZ), India’s largest private multi-port operator said it hit the target of achieving annual volume of 200 millon tons of cargo movement one year ahead of schedule, and plans to double the throughput by 2025. Adani Ports had taken 12 years to reach the 50 million ton mark. Its […]
Adani Ports and Special Economic Zone Ltd said it has received relevant regulatory approval for the acquisition of Kattupalli port near Chennai from L&T Shipbuilding. The company said it now expects to close the transaction, announced two years ago, in one week. The Port is located 30 kms towards north of Chennai and and can […]
GMR Infrastructure said its unit Kakinada SEZ Ltd has won the contract to create a greenfield, commercial port in East Godavari District of Andhra Pradesh. The Greenfield Port would be located at around 30 Km North from the city of Kakinada and proposed to be developed as an all-weather, deep draft, multi-cargo port, the infrastructure […]
Within hours of getting an arbitration notice from Reliance Infrastructure seeking damages of Rs 5,440 cr, SKIL Infrastructure has counter sued the Anil Ambani Group firm for a higher amount. The infrastructure company, the former promoter of Pipavav Defence, also denied the charges made by Reliance Infrastructure on Monday. In a statement, Reliance Infrastructure had […]
Cochin Shipyard Ltd said it will open a new ship-repair facility at Indira Dock of the Mumbai Port Trust. Cochin Shipyard has been in the ship repair business since 1982 and is one of of India’s leading ship-repair companies. “The signing the MoU with Mumbai Port Trust is in line with the company’s objective to […]
Adani Ports and Special Economic Zone said it will acquire the company operating the Abbot Point Coal Terminal in Queensland for 19.25 mln Australian dollar (Rs 97 cr). Abbot Point has currently one operating terminal named Adani Abbot Point Terminal having firm take or pay contract for 50 mmtpa cargo. The terminal was acquired by […]
