APSEZ to expand acquisition to transport utility sector
PORTS & SHIPPING

APSEZ to expand acquisition to transport utility sector

The Adani Ports and Special Economic Zone (APSEZ) intends to increase the scope of its acquisitions by acquiring businesses and services in the transportation utility sector.

By 2030, APSEZ hopes to boost its cargo volumes to 1 billion tonnes, a huge increase from the present 339.2 million tonnes, with the goal of being the world's top transport utility by 2025.

With a modest equity involvement, APSEZ will now concentrate on making investments in operating ports outside of India. It already has plans to work with dependable neighbourhood partners that are invested financially in the project.

By 2030, APSEZ hopes to surpass all other port operators in the globe. APSEZ now runs 12 ports and terminals with a combined capacity to move 580 million tonnes of cargo yearly.

The Adani Ports and Special Economic Zone (APSEZ) intends to increase the scope of its acquisitions by acquiring businesses and services in the transportation utility sector. By 2030, APSEZ hopes to boost its cargo volumes to 1 billion tonnes, a huge increase from the present 339.2 million tonnes, with the goal of being the world's top transport utility by 2025. With a modest equity involvement, APSEZ will now concentrate on making investments in operating ports outside of India. It already has plans to work with dependable neighbourhood partners that are invested financially in the project. By 2030, APSEZ hopes to surpass all other port operators in the globe. APSEZ now runs 12 ports and terminals with a combined capacity to move 580 million tonnes of cargo yearly.

Next Story
Infrastructure Urban

EHRDC, Keolis MHI Enhance National Workforce Training in Transport

The Emirates Human Resources Development Council (EHRDC) has extended its partnership with Keolis MHI, the operator and maintainer of Dubai Metro and Dubai Tram, to provide high-quality training sessions for university students and Higher Colleges of Technology (HCT) students in Dubai. This initiative seeks to equip students with practical skills and empower them to enter the job market with confidence and competence. The collaboration aligns with EHRDC’s unwavering commitment to empowering and qualifying Emirati talent while boosting their role in driving the country’s digital economy. I..

Next Story
Technology

Lubrizol Amplifies India Commitment with Local Technology

To accelerate India-based innovation, Lubrizol announced it will open a state-of-the-art Technology and Innovation Center in Maharashtra. The first of its kind for the company globally, the facility is designed to progress breakthrough innovations, expand collaboration, and enhance speed to market for Lubrizol and the many customers and industries it serves both in the region and globally. The center will empower collaboration across Lubrizol, co-locating lab capabilities and expanding on the success of existing in-region technology Centers of Excellence (COE). The site will also include a Cu..

Next Story
Infrastructure Urban

Parliament Raises Concerns Over Mangrove Restoration Efforts

Mangrove forests in India are found along the coastline of 9 States and 4 Union Territories. Forest Survey of India (FSI), an organization mandated with forest survey under Ministry of Environment Forest and Climate Change (MoEFCC) publishes “India State of Forest Report” (ISFR) biennially. As per recent ISFR 2023, India has a total Mangrove cover of 4,991.68 sq km; which is 0.15 per cent of the country’s total geographical areas. There has been net increase of 363.68 Sq km (7.86 per cent) in Mangrove cover area of the country in 2023 as compared to 2013 and net increase of 509.68 Sq.km..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?