The company is increasing capacity by 1,100 metres from the present 550 metres to meet rising demand.
In a setback to Adani Ports, the Supreme Court has refused to vacate the cancellation of environmental clearance, which was earlier granted to Hazira Port. Adani Ports had challenged the National Green Tribunal (NGT) order before SC
Maharashtra additional chief secretary for ports Gautam Chatterjee says the policy will make the Maharashtra Maritime Board the single point of contact for all the port-related permissions
The Adani group firm had reported a net profit of Rs 361.09 crore in the October-December period in the 2012-13 fiscal. Net sales of the company in Q3, 2013-14 were flat at Rs 1,034.04 crore, vis-a-vis Rs 1,032.27 crore in the year-ago period, the company said in a filing to the BSE.
High foreign currency debt is not a major concern for Adani Ports as it has a natural hedge due to marine and container income.