Adani Ports: Another reason to be more ambitious?
Sisir Pradhan | The Dollar Business At the forefront of a tectonic shift in the Indian port sector is Adani Ports and Special Economic Zone Ltd. (APSEZL), which not only owns India’s largest port by traffic, but also owns the country’s largest SEZ by notified area – both at Mundra – and several other ports and terminals across the country’s eastern and western coasts. Adani Group’s flagship company Adani Ports & Special Economic Zone Ltd. (APSEZ) has been handed over a bigger chance to capitalize on foreign investor funds. On June 1, RBI raised the limit on investment by Foreign Institutional Investor (FII) and Qualified Foreign Investor (QFI) groups (the combine of the two investor classes hereon referred to as ...
Freight corridor to reduce traders transaction cost, spur exports
The Dollar Business Bureau Upcoming dedicated freight corridors, linking various parts of India, will enhance export competitiveness of traders across the country by reducing traffic congestion and transaction cost. The government has formed a company - Dedicated Freight Corridor Corporation of India Ltd (DFCCIL) – to develop a mega commercial railway corridor by 2017. According to experts, the step has strategic importance for the Indian government to regain railways’ lost freight share, decongest existing passenger lines, and accelerate industrial growth. Despite having the world’s largest railways network with 115,000 kms of track route, Indian Railways’ share in freight movement declined from 86% to 35.5% in the last 50 years. The upcoming freight corridor project is expected to give impetus ...
Outlook for Adani Ports and Special Economic Zone Stable: Report
Jayarama Emani | The Dollar Business Three top French banks might have refused to fund Adani groups' mega coal project in Australia's Galilee Basin near the fragile Great Barrier Reef, but the outlook for the group’s Adani Ports and Special Economic Zone Ltd (APSEZL) has been declared ‘Stable,’ by the India Ratings & Research (Ind-Ra) agency. The agency has taken a consolidated view of APSEZL and its subsidiaries. The rating is driven by APSEZL’s strong business profile which is likely to translate into a steady improvement of its financial profile in the next three years. Justifying the rating, Ind-Ra said that APSEZL is by far the largest private sector port developer in the country with a total capacity of ...
China Shipping container reaches Mumbai Port for the first time
The Dollar Business Bureau The traditional Plaque being handed by Mr. Raymond Samervel, Director Commercial, China Shipping India Pvt Ltd and his team to Master of H.S.Paris HS Paris, part of the China Shipping Containers reached APM Terminals, Mumbai for the first time on March 20, 2015. The maiden call was made as part of the Middle East-Indian Subcontinent-North America (MINA) Service, jointly operated by the United Arab Shipping Company, Hanjin Shipping, CMA CGM and China Shipping. The 6,500 TEU capacity HS Paris completed 1,292 import and export moves in approximately 12 hours, for a berth productivity of 106 moves per hour. The MINA Service operates on fixed-day weekly sailing linking Khor Fakkan, Jebel Ali, Port Qasim, Nhava Sheva (APM Terminals ...
