Essar to invest Rs 55,000 crore across Port, Power and Energy transition in Gujarat
GANDHINAGAR : Essar Group has signed three agreements with the Gujarat government to invest Rs 55,000 crore across port, power and energy transition ahead of the Vibrant Gujarat Global Summit 2024 and create more
Adani Ports mulls up to 10 billion rupees debt issue by March
AHMEDABAD : Adani Ports and Special Economic Zone (APSEZ) is mulling a fund raise of up to 10 billion rupees ($120 million) from a domestic rupee bond sale, its first since 2021, two bankers
Centre cuts logistics costs to below 9% of GDP with higher state spending
NEW DELHI : India’s logistics costs have come down to below 9% of gross domestic product (GDP), helped by rising state spending on roads, ports and digitisation, a report commissioned by the federal government
APM Terminals sees record growth for API Data Feeds and accelerates roll-out
THE HAGUE : Encouraged by a 36% year-on-year growth for its real-time API data feeds, APM Terminals has added data sources for two further terminals, APM Terminals Pecém, Brazil and Aqaba Container Terminal, Jordan.
Chattogram Port in focus as Russian shipping giant expands in Asia
CHATTOGRAM : The Far-Eastern Shipping Company (Fesco) has introduced a container service in Bangladesh as a part of its push to facilitate direct shipping from the Indian subcontinent to Russia. Russian news agency Interfax
APM Terminals Pipavav strengthens its footprints in North India by opening new office in Ludhiana
PIPAVAV : APM Terminals Pipavav announced opening of new office in Ludhiana, Punjab. With this new setup, Pipavav Port further strengthen its market presence in North India. Ludhiana office would cover large base of
Export-oriented green hydrogen projects may get fiscal support, multi-locational SEZs on the table
NEW DELHI : The government is looking at a demand to amend a rule that prevents renewable energy plants set up for captive consumption in Special Economic Zones (SEZs) from receiving tax breaks. The
Adani Ports board approves issuance of NCDs worth ₹5,250 crore
AHMEDABAD : The Board of Adani Ports and Special Economic Zone Limited on Tuesday, December 12, approved bonds and preference shares sale plan of up to ₹5,250 crore. The Adani Group entity will issue non-convertible debentures