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Infrastructure

SECTOR | 30 Jun 2024

'JSW Infra to reassess strategy for Tajpur port if it comes for re-bidding'

Business Standard

Indicating that the company is still interested in the mega Tajpur deep sea port in West Bengal, JSW Infrastructure Ltd said that it remains open to re-evaluate its strategy for the project "if the project comes for re-bidding", a senior official said. JSW Group had failed to emerge as the winning bidder in the last tendering round, where Adani Ports and SEZ Ltd (APSEZ) had emerged as the L1 bidder in October 2022, and a Letter of Intent to Award (LOIA) was handed over to the company. However, Chief Minister Mamata Banerjee's announcement at the Bengal Global Business Summit (BGBS) in November 2023 that a tender would soon be launched for the development of the port. This has led to a cloud of uncertainty around the mega deep-sea port project. Banerjee had announced that the proposed deep-sea port at Tajpur is ready for tender, which would attract an investment of USD 3 billion or Rs 25,000 crore. JSW Infrastructure Joint Managing Director and CEO Arun Maheswari told PTI: "We will

Infrastructure

SECTOR | 30 Jun 2024

Adani Ports - Healthy Expansion In The Scale Of Operations, Robust Profitability To Continue: Motilal Oswal

NDTV Profit

We expect Adani Ports to report 11% growth in cargo volumes over FY24-26.

Infrastructure

SECTOR | 28 Jun 2024, 08:41PM

New portal to expedite agri infra fund interest subsidy claims of farmers

Business Standard

The portal will be used by banks, the Central Project Management Unit of DA&FW, and Nabard

Infrastructure

SECTOR | 27 Jun 2024, 08:37PM

Airports need to review pricing strategies to increase profitability: Capa

Business Standard

Indian airports need to review their pricing strategies and can substantially increase their profitability by garnering more non-aeronautical revenues, according to aviation consultancy firm CAPA India. India is the world's third largest domestic civil aviation market and air traffic is on the rise. Airlines are increasing their fleet, operating more routes while airports are also expanding their capacities. Airports operated on Public Private Partnership (PPP) mode generate more non-aero revenues compared to those operated by the Airports Authority of India (AAI), the consultancy said during a webinar on Thursday. Just five PPP airports -- Delhi, Mumbai, Bangalore, Hyderabad and Cochin -- accounted for 71 per cent of the total non-aeronautical revenue in India in FY2020, while handling 53 per cent of the total traffic, CAPA India said. Despite significant increases since privatisation, Indian PPP airports still have much more headroom to increase non-aero revenue to global levels,

Infrastructure

SECTOR | 27 Jun 2024

State-owned IIFCL plans to enter affordable housing segment soon

Business Standard

A wholly owned Union government company established in 2006, IIFCL provides long-term financial assistance to viable infrastructure projects

Infrastructure

SECTOR | 26 Jun 2024

Peru eases Chinese port dispute ahead of president's meet with Xi Jinping

Business Standard

The government had requested in March the annulment of its decision to give Hong Kong-based Cosco Shipping Ports exclusive rights

S&P Revises Outlook For Adani Ports To 'Positive' From 'Stable'

NDTV Profit | 26 Jun 2024

Infrastructure

SECTOR | 26 Jun 2024

Stocks in focus today: M&M Fin, Akme Fintrade, Adani Ports, IDBI Bank

Business Standard

Stocks to watch on June 26: Vivek Karve has resigned as CFO of M&M Financial Services and Financial Services to pursue other interests

Infrastructure

SECTOR | 24 Jun 2024

Adani Ports' shares replace Wipro on Sensex

Business Line

Adani Ports stock declines 1.63% on BSE to trade at 1,461.45

Adani Ports & Special Economic Zone Share Price Live Updates 24 June 2024

Business Line | 24 Jun 2024

Infrastructure

SECTOR | 24 Jun 2024

Stocks in news: Adani Ports, Cipla, Prestige Estates, MCX, Lupin

Economic Times

Positive growth in domestic markets for the third consecutive week with a focus on Adani Ports, Cipla, Prestige Estates, MCX, Lupin. Updates on Thomas Cook India, SAIL, Wipro, Prestige Estates, Lupin, Cipla, MCX, TVS Motor, CSC Grameen eStores.

Infrastructure

SECTOR | 23 Jun 2024

Adani draws Rs 9.26 cr salary in FY24, lower than his executives, peers

Business Standard

India's second richest person Gautam Adani received a total remuneration of Rs 9.26 crore in the fiscal year ended March 31, 2024, lower than most industry peers as well as his own key executives. Adani, 61, drew salary from only two out of the 10 companies in his ports-to-energy conglomerate, annual reports of the 10 listed entities of the group showed. His remuneration for 2023-24 from the group's flagship firm Adani Enterprises Ltd (AEL) included Rs 2.19 crore salary and perquisites, allowances and other benefits worth Rs 27 lakh. The total remuneration of Rs 2.46 crore was 3 per cent more than the previous financial year, according to AEL's 2023-24 annual report. Besides, he drew Rs 6.8 crore from Adani Ports and SEZ Ltd (APSEZ). Adani's salary is lower than heads of almost all large family-owned conglomerates in India. While the richest Indian, Mukesh Ambani has been foregoing his entire salary since Covid-19 broke out prior to which he had capped his remuneration at Rs 15 .