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Infrastructure

SECTOR | 02 Sep 2024

Adani Ports' Total Cargo Volume Rises In August Despite Loss Of Four Days

NDTV Profit

The loss of four working days in Mundra and Tuna ports was due to inclement water in Kutch.

Infrastructure

SECTOR | 30 Aug 2024

Adani Ports buys 80% stake of Astro Offshore for $185 million

Business Line

The transaction, done at an enterprise value of $235 million, is expected to be value accretive from the first year itself

Adani Ports acquires 80% stake in Astro Offshore for Rs 1,551 crore

Business Standard | 30 Aug 2024 2 more

Infrastructure

SECTOR | 29 Aug 2024

Gautam Adani And Family Top 2024 Hurun India Rich List

NDTV Profit

Adani Ports and Special Economic Zone Ltd. saw a 98% increase in share prices, and 76% average growth across his energy sector enterprises.

Infrastructure

SECTOR | 28 Aug 2024

Shipping ministry accepts revised wage structure for workers of major ports

Business Standard

The Ministry of Ports, Shipping and Waterways has approved wage structure revision for workers at major ports, an official statement said on Wednesday. According to the statement, a memorandum of understanding (MoU) was signed between the Bipartite Wage Negotiation Committee (BWNC) and the Indian Port Association (IPA), averting an indefinite strike that was set to disrupt operations across 12 major ports in India. The MoU facilitates the revision of the wage structure and addresses other service conditions, including pensionary benefits, it added. It was also agreed that the fitment benefit of 8.5 per cent on the aggregate amount of basic pay as of December 31, 2021, plus 30 per cent VDA (variable dearness allowance) as of January 1, 2022, will be granted. "The periodicity of the settlement is set for five years, from January 1, 2022, to December 31, 2026. "The new pay scales, effective from January 1, 2022, will be formulated according to existing practices," the statement...

Infrastructure

SECTOR | 26 Aug 2024

Strike at major ports could lead to loss of 125 crore daily

Business Line

Five unions at Major Ports have called for a nation-wide strike from August 28 mainly against delay in concluding bipartite wage negotiations and settlement

Infrastructure

SECTOR | 23 Aug 2024, 06:04PM

Mumbai Port Launches Projects And Investment Proposals Worth Rs 4,000 Crore

NDTV Profit

The Memorandums of Understanding in this regard were signed in the presence of Union Minister for Ports, Shipping and Waterways Sarbananda Sonowal during his visit to the port.

JN Port to scale up handling capacity to over 10 mn TEUs by April

Business Standard | 22 Aug 2024, 10:51PM

Infrastructure

SECTOR | 23 Aug 2024, 10:04AM

Adani Group Stocks Today Live Updates: Ambuja Cements shares rise amid reports of Adani Group selling 2.84% stake

Business Line

Adani Group Stocks / Adani Group Share Price Today Live Updates for August 23, 2024: Ambuja Cements' share price rose in early trade on Friday. The majority of Adani Group stocks, including Adani Enterprises, Adani Ports & SEZ, and Adani Wilmar, traded flat.