An Adani project will put India on global maritime map

Adani Group's Vizhinjam Port gets ministry nod to run India's first transshipment operations

India’s major ports see 5% rise in traffic in FY24, driven by iron ore exports, coking coal imports
New Delhi: India’s major ports saw a 5 per cent-odd y-o-y increase in cargo traffic, including container movement, to 819.3 million tonnes (mt), driven by rising iron ore exports and increasing coking coal imports. Cargo traffic in the earlier fiscal (FY23) was 784.3 mt, data by the Indian Ports Association, accessed by businessline , show.

RINL in talks with Paradip port for “commodity loan”
New Delhi: Hit by non-availability of coking coal following a workers’ strike at the Adani-owned Gangavaram port, CPSE steel-maker RINL (Rashtriya Ispat Nigam Ltd) is in talks with Paradip port for a “commodity loan” of 50,000 tonnes (of coal), while it is re-routing two coal bearing ships from Gangavaram to Vizag port.

Adani Ports and Special Economic Zone scripts a turnaround story, unlocks growth potential after acquisitions

Protest at Adani port disrupts coal supply to RINL's Vizag plant

To woo ships, Cochin Port waives bunkering service charges for three more years
Cochin Port Authority has extended the “waiver of port charges for a further period of three years” for ships calling at outer anchorage of the port for bunkering services.

Adani Ports & SEZ handles more cargo than government for first time in FY24

JNPT doubles liquid cargo capacity; adds two more berths

Mangalore port registers 10.36% growth in cargo handling

Cochin Port registers 3% growth with highest cargo traffic of 36.32 mt in FY24
Kochi: Cochin Port registered a three per cent growth in its cargo throughput of 36.32 million tonnes during FY24. A press statement from the port authority claimed that the achieved figure is also the highest cargo traffic recorded at the port. Out of the total cargo handled, liquid bulk cargo and containers constituted the majority . Dry bulk (3 per cent) and break bulk cargo (1 per cent) comprised the remaining portion of the cargo. The annual traffic was led by an impressive growth of 8.57 per cent in liquid bulk cargo (24.83 million tonnes), driven mainly by crude, petroleum products, and liquefied natural gas (LNG).

Kolkata Port profit jumps 65pc to Rs 501cr in FY'24, records all-time high cargo handling

Odisha’s Paradip Port Authority outperforms, becomes India’s premier cargo-handling port! Know all about future expansion plans and more
In a remarkable feat, the Paradip Port Authority (PPA) has become the country’s highest cargo-handling major port. The port surpassed Deendayal Port, Kandla, with a remarkable cargo throughput of 145.38 MMT in FY 2023-24. What can be considered as a historic achievement, the Paradip Port Authority exhibited a growth of 7.4% on a year-on-year basis.

Kamarajar port to become ‘Cape’ compliant
The Kamarajar port at Ennore in North Chennai will become Cape compliant - to handle large Capesize ships - by investing ₹325 crore in the dredging project this fiscal. For this, the Kamarajar Port Ltd (KPL), a subsidiary of the Chennai Port Authority (CPA), will dredge the port’s berth to 18 m draft from the present 16 m to attract such large size vessels.

Paradip Port emerges as largest Indian major port in cargo throughput in FY24

Adani sold Myanmar Port just in time, the mega-project key to India’s look east policy now a white elephant
It was a smart move by billionaire Gautam Adani when he cut his losses and hastily exited from Myanmar’s key Sittwe port. He’d invested $195-million in the Bay of Bengal port. But after the 2021 military coup and rebel resistance intensified, Adani sold the project last year for $30 million to a local firm, Solar Energy. As it turns out, that looks like an excellent decision.

Adani Ports on a high: Handles 420 MMT cargo in FY24, domestic share over 90%
Adani Ports and Special Economic Zone Ltd (APSEZ) on Monday announced that it handled 420 MMT cargo (including international ports) in FY24, posting an increase of +24 per cent on-year. In this, domestic ports contributed to over 408 MMT cargo, it added. In a regulatory filing, APSEZ also stated that the company has handled its highest ever monthly cargo volumes (including international ports) of over 38 MMT in March 2024. 

Adani Ports dominates India’s maritime sector
Big gets bigger — that’s the story of Adani Ports and Special Economic Zone Ltd (APSEZ), India’s largest private port operator, as it continues its dominance all the way from Mundra in Gujarat on the west coast to Kolkata in West Bengal on the east coast. It controls nearly 28 per cent of the country’s port volumes, with presence in all the maritime states.

Vizag Port eyes 90 mt cargo traffic in FY25
 

Vizag Port creates new record in cargo handling

Vizag port signs agreement for semi-mechanization of WQ-6 berth

Shapoorji Pallonji Group sells Gopalpur Port to Adani Ports for an enterprise value of ₹3,350 crore
Mumbai:  The Shapoorji Pallonji Group announced the sale of its brownfield Gopalpur Port to Adani Ports and SEZ Limited for an enterprise value of ₹3,350 crore. This is the second port divestment in the last few months. It had earlier divested its Dharamtar Port to JSW Infrastructure Limited for an enterprise value of ₹710 crore. “With these asset sales, the SP Group continues its deleveraging journey with planned asset monetisation to marquee counterparts,” said a press statement.

Adani Ports acquires 95% stake in Gopalpur Port in Odisha for Rs 3,080 crore
Adani Ports and Special Economic Zone (APSEZ) on Tuesday announced that it has entered into a definitive agreement to acquire Gopalpur Port Limited (GPL) at an enterprise value of Rs 3,080 crore. In a regulatory filing, the company said that it has entered into an agreement to purchase the 56 per cent stake of the SP Group and 39 per cent of Orissa Stevedores Limited (OSL) in Gopalpur Port Limited (GPL). 

Gopalpur port buy will give Adani group bigger hold over east coast logistics
The Adani Group will further consolidate its position in the east coast with the acquisition of the Gopalpur Port in Oidisha. Sandwiched between two government-owned major ports at Visakhapatnam and Paradip, respectively, Gopalpur will be the sixth Adani port on the east coast after Dhamra, Gangavaram, Krishnapatnam, Katupalli and Karaikal.

Adani's stake purchase in Gopalpur Port to provide debt relief to SP Group
Adani Ports and Special Economic Zone Ltd. is set to buy a majority stake in Gopalpur Port Ltd. from Shapoorji Pallonji Group, a deal that would help lower the debt burden of the Indian construction group controlled by billionaire Shapoor Mistry.

Adani Ports set to buy 95% of Odisha's Gopalpur Port for $162 million
India's largest private port operator Adani Ports and Special Economic Zone said on Tuesday it will buy a 95 per cent stake in Odisha's Gopalpur Port for an equity value of Rs 1,349 crore ($161.74 million) to bolster its east coast presence.

JSW Infrastructure incorporates arm to execute project at JNPT

Hindenburg allowed us to refocus on our core businesses: Karan Adani

He emphasised that the entire situation provided an opportunity for the group to redirect its focus towards its core businesses. Adani acknowledged the significance of “perception and brand” value in the aftermath of the Hindenburg affair.

US-bound ship from Reliance's Sikka port hits BPCL crude import facility, sources say

Sarbananda Sonowal approves Rs 800 crore project to transform Syama Prasad Mookerjee Port in Kolkata