Page 32 - ITLN November - December 2023 for the magzter

News

JSW Infra to develop Keni Port in

Karnataka for ₹4,119 crore

SW Infrastructure has emerged as the
Jwinning bidder for the development of
an all-weather, deep-water, greenfield
port at Keni in Karnataka on a public-
private partnership basis.
The Karnataka Maritime Board,
Government of Karnataka has issued
the Letter of Award (LOA) to JSW
Infrastructure. As per the RFP document,
the project's estimated cost is ₹4,119
crore with an initial capacity of 30 MTPA.
Arun Maheshwari, joint MD and CEO,
JSW Infrastructure says: “Karnataka is Once the concession agreement is development of this greenfield port,
targeting a impressive industrial growth signed, we will start working to develop we are partnering with Karnataka
and there has been an increased the Keni Port as an integral part of the Government’s mission to meet the
emphasis on the expansion and growth State’s maritime infrastructure & logistics demand of a rapidly growing
in maritime infrastructure in the region. trade gateway. Through the state and the region’s economy."

Adani Ports H1FY2024 APEDA facilitates first trial banana
net profit up 33% export to Netherlands via sea

n a significant boost to the the Netherlands was flagged off
Iprospects of fresh fruit on November 9, 2023, by APEDA
exports, the Agricultural and chairman Abhishek Dev from
Processed Food Products Export Baramati, Maharashtra.
Development Authority (APEDA), For the trial shipment of
operating under the Ministry of bananas, APEDA has enlisted the
Commerce and Industry, has support of ICAR-Central Institute
facilitated the export of the first for Subtropical Horticulture (CISH),
trial shipment of fresh bananas to Lucknow for technical assistance
dani Ports and Special Economic the Netherlands, by InI Farms, via while InI Farms has partnered
AZone (APSEZ) reported a 33 percent a sea route. with Del Monte for marketing and
increase in net profit at ₹3,881 crore for The first export consignment distribution in Europe, and Maersk
the first half of financial year 2023-24 of one container of bananas to for logistics.
(April-September 2023).
Revenue increased 26 percent to
₹12,894 crore from ₹10,269 crore in
H1FY2023, says an official release.
“APSEZ achieved another milestone
by registering its highest ever half-yearly
revenue of ₹12,894 crore, EBITDA of
₹7,429 crore and cargo volumes of 203
MMT during H1FY24," says Karan Adani,
CEO, Adani Ports and Special Economic
Zone. "The splendid performance was
on the back of a 14 percent YoY increase
in cargo volume coupled with improving
operational efficiencies at our ports, which
has resulted in our domestic ports EBITDA
improving by 220 bps YoY to 72 percent
during H1FY24.”

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November - December 2023 www.itln.in