News of Logistics | Ports | Shipping in Gujarat

Gateway Distiparks Promoters de-pledge 35% of pledged shares

MUMBAI | AHMEDABAD – GANDHINAGAR | RAJKOT – In a press release submitted to the Indian Stock Exchanges, Gateway Distriparks Ltd said of its promoters having de-pledged 35% of the pledged shares. Press release submitted to the Indian Bourses on Thursday read that, Gateway Distriparks Limited: Promoter de-pledges 35% of pledged shares. The promoter group of

Adani Ports to raise $700 million via bonds on private placement basis

AHMEDABAD | MUMBAI | RAJKOT – In a regulatory filing submitted to the Exchanges in India on Tuesday, Ahmedabad headquartered port sector major – Adani Ports and Special Economic Zone Ltd said of conducting the company board meeting on Friday – July, 12 – 2019 to consider fund raising via US$  700 million bonds. The

Adani Ports to raise US$750 mn via unsecured notes @ annual coupon rate of 4.375%

AHMEDABAD-GANDHINAGAR | MUMBAI | RAJKOT – In a regulatory update submitted to the companies on Thursday, Ahmedabad headquartered Adani Ports and Special Economic Zone Ltd said of the company board having approved fund raising via unsecured notes aggregating to US$ 750 million. The tenure of notes will be for 10 years starting from July 3,

CONCOR’s total container handling for Q4(Jan-Mar) FY2019 up 3% YoY @ 9,78,930 TEUs

NEW DELHI | MUMBAI | RAJKOT – In a regulatory filing submitted to the Indian Stock Exchanges, Container Corporation (CONCOR) of India Ltd, a multimodal logistics company and one of the Navratna public sector undertaking ventures of Indian Government reported 3% growth in the total container traffic handled for Q4 (Jan-Mar) of Financial year 2018-19

CK Birla group Co HIL has been awarded GREAT PLACE TO WORK Certification

HYDERABAD | MUMBAI | RAJKOT – In a communications submitted to the Indian Bourses on Wednesday, Hyderabad headquartered , HIL Ltd has been awarded as “Great Place to Work-CertifiedTM” for the year April 19 to March 20. Great Place to Work® is the global authority on building, sustaining and recognizing high-trust, high-performing workplace cultures. It crafted

Adani Ports 2020 target to attain 200 MMT cargo handling, achieved in 2019

AHMEDABAD | MUMBAI | RAJKOT – In a press release submitted to the Indian Stock Exchanges on Wednesday, Private Port sector major Adani Ports & Special Economic Zone Ltd said of having attained 200 million metric tons combined cargo handling mark, across the ports beehived under the company’s flagship on east and west coast. With

Kandla Port acquires 18% stake in Dredging Corp of India

VISHAKHAPATNAM | NEW DELHI | MUMBAI | KANDLA-GANDHIDHAM | RAJKOT – Deendayal Port Trust (aka Kandla Port) has acquired 18% stake in Dredging Corporation of India Ltd acquiring 5 million (~50,40,101) shares, along with other three port trusts including Vishakhapatnam Port Trust, Paradip Port Trust and Jawaharlal Nehru Port Trust (aka Mumbai Port). Vide the

Two Multipurpose berths inaugurated @ Kandla Port

NEW DELHI | KANDLA-GANDHIDHAM | RAJKOT – The Union Minister for Shipping, Road Transport and Highways, Water Resources, River Development and Ganga Rejuvenation Nitin Gadkari inaugurated two multi purpose berths – No.14 & No.16 at Deendayal Port at Kandla through video conferencing, on Friday. He also laid the foundation stone for the Central Inland &

London Court dismisses Dredging Corp’s arbitration award appeal against Mercator

MUMBAI | RAJKOT – In a press communication submitted to the Indian Bourses on Monday, Mumbai headquartered shipping company Mercator Ltd said of London Court having dismissed appeal filed by Dredging Corporation of India (DCI) Ltd, regarding the the arbitration award of 500 million (50 crore) rupees, payable to Mercator. According to Mercator press statement,

Adani’s Enterprises’ metallic move, incorporates Copper Company

AHMEDABAD | MUMBAI | RAJKOT – In a regulatory filing submitted to the Exchanges in India, Ahmedabad headquartered and Gautam Adani led Adani Enterprise Ltd said of having incorporated wholly owned subsidiary Mundra Copper Ltd, business entity owned by Adani Group aimed at developing, operating and maintaining of Copper Smelter Plant. Adani Enterprises Limited (AEL),

Indian Coast Guard launches ICGS VARUNA at Reliance Naval (Pipavav)

PIPAVAV (AMRELI) – Indian Coast Guard’s trainning vessel ICGS VARUNA was launched today from Reliance Naval and Engineering Ltd’s (RNEL) Shipyard here. The primary role of the vessel is to impact basic sea training to the under trainee officers of Indian Coast Guard along with their Naval counterparts. While on-board on ICGS VARUNA under trainee officers

Adani hand-shakes with French Energy Major Total, to sell fuel & gas in India

PARIS | NEW DELHI | AHMEDABAD | MUMBAI | RAJKOT – Keeping in view the road infra growth story and the rising middle class consumer in India, French energy major Total S.A. inked pact with Indian conglomerate Adani Group to enter the energy market in India. Both companies aim to develop multi-energy offerings to the

Experts Say, “#GujaratExodus may hit the new investments …”

AHMEDABAD | VADODARA | SURAT | RAJKOT – #GujaratExodus, process of workers from Bihar and Uttar Pradesh travelling back to their home, may trigger a situation, which may hit the new investments, especially when the Vibrant Gujarat 2019, Global Investors Summit is around, industry experts from across the state fear the phenomena. Industries which may

GE Shipping takes delivery of Secondhand Gas Carrier

MUMBAI | RAJKOT – In a press release submitted to the exchanges in India on Wednesday, The Great Eastern Shipping Company Ltd said of having taken delivery of a secondhand very large gas carrier. The Company took delivery of a secondhand Very Large Gas Carrier “Jag Vasant” of about 83,270 cbm. The Company had contracted

Mercator to sell first tranch of oil from Cambay Basin block by August 2018

MUMBAI | RAJKOT – Mercator Ltd said in a regulatory filing submitted to the exchanges in India, about first tranch of oil sale from Cambay Basin block to happen in August 2018. Mercator Petroleum Limited, a subsidiary of Mercator Ltd is pleased to  announce that it has mobilized all the equipment at site and is all

GE Shipping to acquire second-hand gas carrier

MUMBAI | RAJKOT – In a regulatory filing submitted to the Exchanges in India, The Great Eastern Shipping Company Ltd said of having contracted to add secondhand gas carrier vessel to it existing fleet. The Company has signed a contract to buy a secondhand Very Large Gas Carrier of about 81,605 cbm (cubic meters), the filing