Govt launches ‘Cruise Bharat Mission’ to double cruise calls in 5 years
The programme aims to propel the country's cruise tourism industry by doubling cruise passenger traffic within five years by 2029.
ports industry
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APSEZ to acquire 80% stake in global OSV operator Astro Offshore
The acquisition will be done in an all-cash deal for $185 million and the transaction is expected to close within a month.
JSW Infrastructure shares list at 20% premium over IPO price
Post listing, the shares of the ports arm of Sajjan Jindal-led JSW Group gained 28.4% to hit a high of ₹152.8 on the BSE and NSE, while the m-cap rose to ₹31,920 crore.
JSW Infra IPO: JSW's 1st issue in 13 yrs opens on Sept 23; price band fixed at ₹113-119
The ₹2,800-crore IPO of JSW Infrastructure is going to be Sajjan Jindal-led JSW Group’s first public issue in nearly 13 years, after JSW Energy in 2010.
Cargo capacity at ports doubles in 9 years: Minister Sonowal
India’s twelve major ports are handling 1,681 million metric tonnes cargo from 821 million metric tonnes in the last nine years, says the minister.
Adani Ports rises 3% on additional stake buy by Rajiv Jain-led GQG
The investment firm picked up 22.56 lakh shares of Adani Ports through bulk deal on August 17, 2023, raising its stake in the company from 4.93% to 5.03%.
Sanghi acquisition to help Ambuja strengthen market leadership, says Karan Adani
The integration of Sanghi Industries will help expand cement capacity to 15 MTPA in next 2 years, says Karan Adani, Adani Ports & SEZ.
Welcome to ‘stressed’ PPP projects, the 2nd time round
Despite policy incentives and new PPP contract model to protect private partners from external and unforeseen factors, Ministry of Ports, Shipping and Waterways is saddled with many abandoned projects
Predictions 2022: Dedicated freight corridor game changer for logistics
Indian logistics industry is set to undergo a transformative shift with the operationalisation of dedicated freight corridors across western and eastern geographies, says Jakob Friis Sorensen.
M&As push Adani Ports towards 500MT target
India’s largest private port operator is steadily expanding its capacity on both the east and west coasts, using a mix of organic and inorganic options.
