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Tag Archives: ports

Adani Ports & SEZ to raise up to $1 billion

Adani Ports & SEZ is tapping the internaitonal debt market to raise up to $1 billion to fund its capex plans and also to retire some of its debt. The proposed issue has a ‘Baa3’ rating from the global ratings agency Moody’s Investors Service. APSEZ is part of Adani Group with businesses spanning coal trading, coal mining, oil & gas ... Read More »

Coal shipments at major ports rise in FY19

These top ports under the control of the Centre had handled 145.59 MT of coal cargo in 2017-18. Shipments of thermal or steam coal and coking coal rose 9 per cent and 14.25 per cent, respectively, during 2018-19. The Indian Ports Association (IPA) said the major ports handled 103.84 MT of thermal or steam coal during the financial year, compared ... Read More »

Top ports record marginal upswing in FY19 cargo handling at 699 MT

These ports, under the command of the Centre, had recorded 4.77 per cent growth in 2017-18 over the previous fiscal. The 12 major ports, Deendayal (erstwhile Kandla), Mumbai, JNPT, Marmugao, New Mangalore, Cochin, Chennai, Kamarajar (earlier Ennore), V O Chidambarnar, Visakhapatnam, Paradip and Kolkata (including Haldia) handled 699.04 MT of cargo during 2018-19, as per latest data by the Indian ... Read More »

Adani Ports delivers 50 US made GE locomotives to Indian Railways

Adani Ports and Special Economic Zone (APSEZL) has successfully concluded the import and dispatch of 50 General Electric Transportation (GE) locomotives from Mundra port for the Indian Railways with full customer satisfaction and ‘zero’ incident. All 50 locomotives were manufactured by GE Electromotive Division in the US and imported at Mundra port for the Indian Railways, a first for Indian ... Read More »