In a big relief for Adani Ports, The National Green Tribunal (NGT) refused to quash environmental clearances given to Vizhinjam International Sea Port in Kovalam, Kerala. It has cleared the coastal regulatory clearances as well as the environment clearances.
Adani's Ennore and Vizhinjam ports are currently under construction and will start operations in October and December respectively. It currently has 8 operating ports.
B Ravi, CFO, Adani Ports & SEZ says there has been no drop in the port margins as such and it has been a very steady quarter on quarter.
High foreign currency debt is not a major concern for Adani Ports as it has a natural hedge due to marine and container income.
Parag Parikh ED & CFO, Gammon Infrastructure Projects, says that the company has posted cash profit of Rs 122 crore for nine months in FY13.
According to the Grant Thornton report, May 2011 has seen USD 5.38 billion of M&A deals and PE investment volumes have witnessed a significant upsurge. In an interview with CNBC-TV18, Grant Thornton's partner CG Srividya reports more on what the numbers indicate.
Rajiv Agarwal, CEO and MD, Essar Shipping, in an interview with CNBC-TV18’s Anuj Singhal and Latha Venkatesh, spoke about the latest happenings in his company and the road ahead.
The company's container volumes at its own terminals witnessed about 44% growth. And the company aims to maintain this kind of growth because overall the container segment has been increasing, said B Ravi, chief financial officer of Mundra Port & SEZ.