Adani Ports and SEZ to Acquire Abbot Point Bulkcoal Pty Ltd (APB), Queensland, Australia

“This acquisition is a testimony of Adani Ports’ experience and expertise in operating ports at global benchmarks. This also gives us a strategic foothold enhancing our experience of handling world-class fully automated terminals,” Karan Adani CEO, APSEZ said.

Adani Ports and SEZ to Acquire Abbot Point Bulkcoal Pty Ltd (APB), Queensland, Australia

In a bid to enhance its operational foothold, Adani Ports and SEZ will soon acquire ownership of Abbot Point Bulkcoal Pty Ltd (APB), an Australian registered company performing the operations and maintenance activities of Abbot Point Coal Terminal in Queensland, Australia. The Adani Group is one of India’s leading business houses with revenue of over $10 billion.

JNPT Signs Pact for ECB worth $400 Million with SBI and Development Bank of Singapore

The funding by JNPT is the first of its kind for major port and it opens up one more avenue for major and government ports to raise funds by accessing international markets for their requirements.

JNPT Signs Pact for ECB worth $400 Million with SBI and Development Bank of Singapore

India’s premier container port, Jawaharlal Nehru Port Trust in Navi Mumbai, has signed an agreement with State Bank of India and Development Bank of Singapore for External Commercial Borrowing (ECB) to the tune of $400 Million at a “very competitive” interest rate to improve the infrastructure required for “doubling” its existing capacity to 9.85 Million TEUs annually.

NHAI collaborates with PFC for Green Highway in Nagpur

NHAI collaborates with PFC for Green Highway in Nagpur

In the very first collaboration under the “Adopt a Green Highways” program of NHAI for developing green corridor along National Highways, the National Green Highways Mission (NGHM) under NHAI announced collaboration with state-owned Power Finance Corporation Ltd. (PFC) for planting trees on NH 7 in Nagpur region (Borkhedi – Wadner, & Khatara – Kelapur) covering 87 km stretch.