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16 Aug 2022, 13:19

Adani Logistics acquires an inland container depot for ₹835 crore

Adani Logistics acquires an inland container depot for ₹835 crore

Adani Logistics acquires an inland container depot for ₹835 crore

Adani Logistics Ltd, a wholly owned subsidiary of Adani Ports and Special Economic Zone Ltd (APSEZ), has signed a definitive agreement to acquire the Inland Container Depot (ICD) "Tumb" (Vapi) from Navkar Corporation Ltd for an enterprise value of ₹835 crore. The deal comprises acquisition of the operational ICD with capacity to handle 0.5 million 20-foot-containers.

Vedanta partners with IIT-B to develop green steel technology
12 Aug 2022, 13:50

Vedanta partners with IIT-B to develop green steel technology

Vedanta-Iron and Steel Business has recently partnered with IIT Bombay (IIT-B) on an R&D project to develop cost-effective technology for producing G...

Adani Ports Q1 profits declines to ₹1,091 crore
08 Aug 2022, 18:06

Adani Ports Q1 profits declines to ₹1,091 crore

Adani Ports and Special Economic Zone (APSEZ) on Monday reported a 16.86 per cent decline in consolidated net profit to Rs 1,091.56 crore for the first quarter of the current financial year. The country's largest integrated logistics player had clocked a consolidated net profit of Rs 1,312.9 crore in the corresponding period a year ago, according to a regulatory filing.