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Latest Articles in Ports

Adani Ports Q4 Net Zooms 288 % To Rs 1,321 Cr

Consolidated total income increased to Rs 4,072.42 crore for the fourth quarter as against Rs 3,360.17 crore in the year-ago period.

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Adani Ports Waives Charges For Ships Carrying COVID Equipment, Gives Priority Berthing

India is faced with the world's largest surge in COVID-19 cases, straining its already stressed healthcare infrastructure. Hospitals have faced oxygen shortage, and the private sector has lent a helping hand to aid the government.

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Adani Ports' Acquisition Of 89.6 % Stake In Gangavaram Port Gets CCI Nod

APSEZ had announced acquisition of 58.1 per cent stake held by DVS Raju and family and 31.5 per cent stake of Warburg Pincus.

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India Has Accelerated Work On Chabahar Port, Likely To Be Declared Operational By May: CRS

Even though the Trump administration gave India the "Afghanistan reconstruction" exception from its punitive Iranian sanctions, India largely stopped work on the project until late 2020.

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Adani Ports Acquires Residual 25% Stake In Krishnapatnam Port For Rs 2,800 Cr

This will result in APSEZ increasing its stake from 75 per cent to 100 per cent in Krishnapatnam Port.

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Cyril Amarchand Mangaldas Advises Adani Ports And Special Economic Zones On Acquisition Of 58.1% Stake In Gangavaram Port

Adani Ports had announced the acquisition of Warburg Pincus group’s 31.50% stake in Gangavaram Port. Once the current acquisition receives requisite approvals, Adani Ports will end up owning 89.60% stake in Gangavaram Port.

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Adani Ports Shares Climb Nearly 5%

The stock jumped 4.67 per cent to Rs 755.35 on BSE.

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Oil Drops 1% As Rising Coronavirus Cases End Supply-Led Rally

Brent crude fell 45 cents, or nearly 1%, to $54.65 a barrel by 0207 GMT, after dropping 2.3% on Friday. U.S. oil was down by 43 cents, also nearly 1%, at $51.93 a barrel, having declined 2.3% in the previous trading session.

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Chevron, Exxon Shrink Spending As Coronavirus Cuts Demand

Exxon shares were down 1% to $32.62 on Friday. Chevron shares gained 1% to $69.50. Exxon shares have lost half of their value this year; Chevron's are down 40%.

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Oil Slips As Coronavirus Fears Offset Gasoline Recovery Signs

Brent crude futures fell 21 cents, or 0.4%, to $43.08 by 0908 GMT, after gaining 0.5% on Wednesday.

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JNPT Achieves Significant Improvement In Import Dwell Time

Ranked 28th among the top 100 container ports globally, it is connected to over 200 ports in the world.

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No Rating Impact On Adani Ports From KPCL Acquisition: Fitch Ratings

The acquisition value of KPCL is about Rs 13,500 crore, including Rs 6,200 crore in debt, APSEZ had said in its announcement of the proposed acquisition on January 3.

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Adani To Acquire Controlling Stake Of 75% In Krishnapatnam Port

KPCL is located in the southern part of Andhra Pradesh, the state with the second-largest coastline of in India, and is a multi-cargo facility which handled 54 MMT in FY19.

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Adventz Group’s Simon India bags EPC contract at Mundra for Rs 370 crores

Construction work on the new terminal will commence in June 2017 and will be completed by November 2018. The terminal will have a total capacity of 3.56 million metric tons per annum.

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Paradip Port To Auction Land In July For Industrial Port City

The port has earmarked 250 acres of land for industrial port city and 350 acres for multi-modal logistics hub, Panigrahi said on the sidelines of a roadshow organised by CII

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