"We are looking to launch a compact SUV before the end of the calendar year. We will also bring in the Datsun brand."
State-run Chennai Port has rejected Essar Ports’ offer to share 5.25 per cent of revenues from container terminal.
Officials of Gammon Infrastructure also confirmed that the company is close to acquiring 24% stake that Dragados held in the joint venture.
India’s 12 major ports which handled more than 90% of the cargo until a decade ago are facing stiff challenge from minor ports.
Adani Ports' consolidated net profit for the January-March quarter rose by 66% to Rs 710.31 cr as against Rs 239.46 cr in the year ago period.
Delay in finalizing a new chairman to replace L Radhakrishnan may affect decision making at the Jawaharlal Nehru Port Trust.
This is expected to boost the fortunes of the port major in a year that the shipping ministry is going to award at least 25 port projects worth Rs 30,000 crore.
The total cargo handled by major ports stood at 43 million tonnes in April this year compared to 46 million tonnes during the same month last year.
SCI, India’s largest shipping company by fleet size, slipped into the red in the previous fiscal.
Adani Port held discussions with Tata Steel last week regarding cargo handling at the port. Tata’s arm TM International Logistics currently manages the port.
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