The Anil Dhirubhai Ambani Group (ADAG) group has set its sights on the shipping sector. Having secured coal mines in Indonesia, group company Reliance Power is now planning to float a shipping subsidiary to cart the coal to India. It is looking at an investment of around $1.2 billion initially.
Reliance Shipping
Reliance Power has won the […]
After its plans to diversify into shipbuilding, state-run Shipping Corporation of India (SCI) is now looking at entering the $60 billion logistics business.
“We are looking to enter door-to-door logistics business. We may join hands with partners who are already in the logistics business,” SCI director J N Das told PTI.
As a first step, SCI would […]
Navayuga Engineering IPO : Navayuga Engineering to Tap Markets soon
Navayuga Engineering Co, which is executing the Andhra Pradesh’s Krishnapatnam port, is most likely IPOs to hit the market some time next year.
Navayuga Chairman Chinta Visweswar is chalking out an expansion plan for ports and power generation involving investments of around Rs 24,000 crore over the […]
Gujarat Pipavav Port IPO , GPPL IPO : Gujarat Port IPO
Gujarat Pipavav Port (GPPL), is the country’s first port in the private sector.The port is promoted by APM Terminals, has IDFC Infrastructure Fund of India, IL&FS Trust Company and the Infrastructure Fund of India.
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Mercator Lines (Singapore) Pte. Ltd IPO
Mercator Lines Ltd has informed that one of the Company’s subsidiary ‘Mercator Lines (Singapore) Pte. Ltd‘ proposes to issue fresh ordinary shares by way of Initial Public Offer (IPO) and list the shares on Singapore Stock Exchange. The said subsidiary is being converted into Public Ltd. Company and consequently changing […]
Bharati Shipyard Ltd has received order from Shipping Corporation of India for four anchor handling tugs cum supply vessels. The price of each vessel is $22.32 million totaling to $89.28 million or around Rs 351 crore.
The vessels will be based on the Havyard Design, which will be used for the first time for such vessels […]
