Page 36 - ITLN November - December 2024

News

Adani Ports H1FY2025 net profit

up 42% at R5,520cr

dani Ports reported a 42 percent ₹7,067 crore and net profit was up 37
Aincrease in net profit at ₹5,520 percent at ₹2,413 crore.
crore for the first half of the financial “We are pleased to witness
year 2024-25 compared to ₹3,381 continued growth across our
crore in the same period last year. operations, with our existing ports
Revenue increased 13 percent to delivering strong volume ramp-
₹14,627 crore on nine percent increase ups and new capacity additions
in cargo handled at 220 million progressing as planned in Gopalpur,
tonnes, primarily driven by containers Vizhinjam and Colombo,” says
(up 19 percent YoY). Ashwani Gupta, Whole-time Director
For the second quarter of FY2025, & CEO, Adani Ports and Special
revenue increased six percent to Economic Zone Limited (APSEZ).

SeaLead's ANIDEA JSW Infrastructure to develop

service to connect Asia, Murbe Port near Vadhvan

India & East Africa he Maharashtra Maritime Board (MMB)

Thas granted a letter of intent to JSW
Infrastructure to develop a multipurpose
port at Murbe in Palghar on public-private
partnership (PPP).
The port will be built on the design, built,
own, operate and transfer (DBOOT) model,
says a release by JSW Infrastructure to the
stock exchanges.
"This LOI is an in-principle approval for the
said project, which is subject to fulfilment of the
terms and conditions stipulated therein. The
LOI is valid for the period of 24 months, with a
further extension clause. The royalty payable
eaLead has announced West India and East Africa, is based on per metric tonne which will be
Sthe launch of its revamped integrating cargo connections escalated in the block period of five years."
ANIDEA(Asia and India, East from East and South Asia to
Africa) service, connecting East Africa.
the Far East, West India, and Suleyman Avci, Global
East Africa. Chief Executive Officer at
This upgraded service SeaLead, stated, “The launch
builds upon the existing IDEA of ANIDEA underscores our
service. The ANIDEA service strategic vision to enhance
will commence operations on shipping connectivity across
November 24, 2024, with the crucial global trade lanes.
maiden voyage of the vessel By providing a direct service
Zhong Gu Zhu Hai departing from the Far East to West
from Shanghai. India and East Africa,
The planned route offers we are opening new
a unique direct connection opportunities for faster and
between the Far East and more efficient trade.”
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