Adani Ports & SEZ to foray into West Bengal’s maritime sector
PORTS & SHIPPING

Adani Ports & SEZ to foray into West Bengal’s maritime sector

Adani Ports and Special Economic Zone (APSEZ) is set to make its foray into West Bengal’s maritime sector as the company has won the right to operate a berth at Haldia Dock Complex. The scope of work includes providing end-to-end mechanisation at the berth, which must be completed within two ...

Adani Ports and Special Economic Zone (APSEZ) is set to make its foray into West Bengal’s maritime sector as the company has won the right to operate a berth at Haldia Dock Complex. The scope of work includes providing end-to-end mechanisation at the berth, which must be completed within two years of the contract being awarded by the port authorities. The project will have an investment of  Rs.3 bn. The berth will be able to handle roughly 3.5- 4 mn tonne of cargo per year. Contact: Adani Ports and Special Economic Zone (APSEZ).Website: www.adaniports.com

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Building Material

JK Cement emerges successful bidder for Mahan coal mine in Madhya Pradesh

This marks the company’s second commercial coal block win, following its acquisition of the West of Shahdol (South) coal block. "The company is committed to becoming self-reliant for its existing cement plants and upcoming projects," JKC stated. The surplus coal from the mine will be sold commercially. The vesting order was handed over to JK Cement during a ceremony at Shastri Bhawan, New Delhi, a critical milestone for commencing mining operations within the stipulated timeline...

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Building Material

Prism Johnson's cement division goes live with Ramco ERP Suite

Prism Johnson has successfully gone live with the Ramco ERP Suite for its Cement Division. This milestone marks a significant step in Prism Johnson's digital transformation journey, leveraging Ramco Systems' advanced enterprise solutions and process control systems to streamline business processes, manufacturing operations and drive efficiency. The implementation includes cutting-edge modules for Maintenance, Sales, Distribution, Finance, Procurement, Manufacturing, Quality, and HR Management (HRM). These solutions enable Prism Johnson to achieve seamless integration across its business and wo..

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Infrastructure Urban

Indian shadow bank Shriram Finance gets record $1.28 billion loan

Shriram Finance Ltd. is reported to have borrowed $1.28 billion in a multi-currency social loan, marking the largest offshore facility ever undertaken by an Indian shadow lender. According to a press release issued by Shriram, the deal is divided across the dollar, euro, and dirham. Sources familiar with the transaction, who wished to remain anonymous, indicated that the tenors in the multi-tranche deal range from three to five years. This loan adds to the surge of offshore debt sales by Indian shadow lenders this year, a trend prompted by the Reserve Bank of India's tightening of rules in Nov..

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