Latest news with #JawaharlalNehruPortAuthority
Time of India
26-05-2025
- Business
- Time of India
Jawaharlal Nehru Port Authority: JN Port Authority Targets Stock Market Listing After Surpassing 10 Million TEUs Capacity, ET Infra
Advt Advt By , ETInfra Join the community of 2M+ industry professionals Subscribe to our newsletter to get latest insights & analysis. Get updates on your preferred social platform Follow us for the latest news, insider access to events and more. State-owned Jawaharlal Nehru Port Authority (JNPA) has come on the radar of the government as a potential entity to be listed on the stock exchange after becoming the first Indian port to cross 10 million twenty-foot equivalent units (TEUs) capacity mark, according to and when JNPA is taken public, it will become the first major port (a term used to describe state-owned ports) among the dozen owned by the Union government, to be strong fundamentals could make it an attractive proposition for investors, multiple sources port located at Nhava Sheva near Mumbai handled a record 7.301 million TEUs in fiscal 2025, the most since the port started operations 36 years ago, clocking a growth of 13.55 per cent over the previous year. It handles more than half of the container cargo among major ports.A TEU is the standard size of a container and a common measure of capacity in the container overall cargo (both container and non-container) handled at the port located near Mumbai rose 7.5 per cent to 92.28 million tonnes (mt) from 85.82 mt a year the government decides to list JNPA, it will join a small group of port operators whose shares are listed on the them is Adani Ports and Special Economic Zone Ltd, India's biggest private port operator and a part of the diversified Adani Group. JSW Infrastructure Ltd, the nation's second biggest port operator, is also listed. Both APSEZ and JSW Infrastructure run a network of ports on the western and eastern APSEZ's flagship port in Gujarat, is India's biggest commercial and container port by volumes handled. Gujarat Pipavav Port Ltd, 43.01 per cent owned by A P M Terminals Management B V, the port operating unit of Denmark's integrated transport giant A P Moller-Maersk A/S, is the only standalone port to be listed in India. Gujarat Pipavav Port runs a private port at Pipavav in 12 Major Port Authorities and the Airport Authority of India have been kept outside the purview of the Public Sector Enterprise (PSE) policy unveiled by the government in 2021 for strategic disinvestment (read privatisation).The Public Sector Enterprise policy for Aatmanirbhar Bharat, which classifies public sector commercial enterprises as strategic and non-strategic sectors, would be limited to central public sector enterprises, public sector banks and public sector insurance 2021, the government carried out a structural reform of major ports by converting them from 'trusts' into 'authorities' to give them more autonomy and help compete with non-major or private ports. The move was fashioned on the model followed by Singapore where the erstwhile Port of Singapore Authority was converted into a corporate entity called PSA International Pte Ltd after separating the regulatory functions which was vested with the Maritime and Port Authority of government had initially thought of corporatising the major ports that were run as 'trusts' but had to back off in the face of strong opposition from the workers JNPA would help the government earn dividends, which is not the case now.
Time of India
14-05-2025
- Business
- Time of India
Ghodbunder Rd flyover to cut Mum-Thane drive by 25 mins
Thane: Travel time between Mumbai and Thane via Ghodbunder highway is likely to reduce by 15-25 minutes as a four-lane flyover was opened on Wednesday at Bhayenderpada junction in Thane. The flyover will also ease commute between Mumbai's northern suburbs and Navi Mumbai as well as Nashik, besides between Thane and the project a landmark for regional infrastructure, deputy CM and MMRDA chairman Eknath Shinde , who inaugurated the flyover on Wednesday in the presence of transport minister and MLA Pratap Sarnaik, said, "This three-level integrated traffic network—comprising the ground-level highway, the flyover above it, and the upcoming Metro line 4 on top—is the first such model in Thane region. Once Metro services commence, commuters can easily access the Metro stations from this stretch." He said the project will also speed up traffic flow through Thane, Bhiwandi, Navi Mumbai, Jawaharlal Nehru Port Authority, Borivli, Vasai-Virar and the flyover's inauguration, the Thane city and outbound traffic will be segregated, allowing the former to use the slip road and underpass, while outbound vehicles can take the elevated corridor, bypassing the signal. This will not just reduce congestion and cut fuel use but will also greatly improve travel efficiency."The flyover will not only increase traffic speed but also stimulate economic and industrial movement for Mumbai metropolitan region (MMR)," said Sanjay Mukherjee, MMRDA announced upcoming plans to boost interconnectivity across MMR. Metros 4 and 4A, connecting Wadala-Kasarvadavli-Gaimukh, will soon be linked with the Dahisar Metro line. He said land acquisition for this stretch will begin soon, following consultation with CM Devendra Fadnavis.
India.com
13-05-2025
- Business
- India.com
The stock of the company started the session in green at Rs 159.95 against the previous close of Rs 159.15.
Stock market- File image- For Representational purpose Stock market update: BSE Smallcap company Man Infraconstruction has informed exchanges that its board of directors will meet on May 20, 2025, to consider and approve the payment of the first interim dividend for FY 2025-26, along with the financial results for the quarter and year ended March 31, 2025. The board will also consider the financial results for the quarter and year ended March 31, 2025. Share Price The stock of the company started the session in green at Rs 159.95 against the previous close of Rs 159.15. The scrip gained further to touch an intraday high of Rs 165 during the session. The intraday low of the stock was Rs 157.30. The 52-week high of the stock is Rs 262.50 and the 52-week low is Rs 135.05. The market cap of the civil construction is Rs 5,464.22 crore. Q3 Results The company posted an 88 per cent rise in its standalone net profit at Rs 39.14 crore for the December quarter, on reduced expenses. In the same quarter a year ago, it had posted Rs 20.76 crore profit, the company said in an exchange filing. Total income fell to Rs 116.65 crore from Rs 124.22 crore in the October-December period a year ago. Expenses slipped to Rs 68.53 crore from Rs 95.77 crore. Earlier Jawaharlal Nehru Port Authority issued the Letter of Award (LoA) to Trident Agrocom Exports and Man Infraconstruction consortium for the development of a Rs 284-crore agro facility at its port. Once operational, the export-import-cum-domestic agricultural commodity-based processing and storage facility coming up on a 27-acre land parcel within the port complex, is expected to handle about 1.2 million tonnes of cargo annually. EPC firm Man Infraconstruction is into verticals like ports, infrastructure, commercial projects, institutions, IT projects and futuristic lifestyle houses. (With PTI inputs)
Mint
09-05-2025
- Business
- Mint
Shipping minister directs officials to ensure smooth movement of cargo
New Delhi: Union minister of ports, shipping and waterways Sarbananda Sonowal on Friday reviewed key maritime projects and directed officials to ensure that business remains as usual. He also reviewed measures taken to ensure smooth movement of cargo. Key Indian ports near the India-Pakistan maritime border include Kandla, Mundra and Hazira in Gujarat. All these ports are on high alert and have heightened security. Organizations under the ministry, including the Shipping Corporation of India, Jawaharlal Nehru Port Authority, Indian Port Rail and Ropeway Corporation Ltd, Indian Port Global Ltd, Directorate General of Shipping, and Mumbai Port Authority, participated in the review meeting, said an official statement. Also read: Cargo traffic on National Waterways hits record high of 146 million tonnes in FY 2024-25 'Considering the prevailing situation, the union minister took stock of key maritime projects and directed the officials to ensure that the business remains as usual. Sonowal also reviewed measures to be taken to ensure smooth and normal movement of cargo operations," the statement said. The review comes amid the escalating aerial activity and attempted missiles attacks and shelling by Pakistan. Sonowal also reviewed current operations, fleet augmentation and long-term expansion strategies aligned with the government's Vision 2047. A review of the Greenfield Mega Port project at Vadhavan was held with Jawaharlal Nehru Port Authority chairman Unmesh Wagh and senior officials. The minister stressed the need to fast-track the development of the port. Also read: LNG traders divert four US cargoes from Europe to Asia The minister also met India Ports Global Ltd chairman Sunil Mukundan to assess the company's global performance. Discussions included the progress and future plans for Chabahar port in Iran and Sittwe port in Myanmar, projects that aim to expand India's maritime footprint internationally. On 5 May, Mint reported that the state-run India Ports Global Ltd is leading a consortium to acquire and operate 20 commercial ports across Asia, Africa and India, two people aware of the matter said. The company, which operates Iran's landmark Chabahar terminal, has set its eyes on ports in Bangladesh, Sri Lanka, Africa, West and East Asia, as well as in India. A separate meeting was held with Indian Port Rail and Ropeway Corporation Ltd (IPRCL) chairman M.K. Semwal and senior management to assess the progress on critical rail connectivity projects, particularly those supporting Inland Waterways Authority of India operations in Assam and infrastructure across major ports. The minister urged IPRCL to prioritize the development of port-linked rail tracks in view of the rising cargo volumes. In addition, the minister interacted with the newly constituted National Shipping Board, welcoming its chairperson and members. Also read: Arrested Russian captain of a cargo vessel involved in North Sea collision charged 'All our agencies, organizations and teams are working towards the realization of this vision of PM Modi to transform our country as Viksit Bharat. We met to review our key projects and take measures towards swift realization of these maritime goals," Sonowal said. Also present were T.K. Ramachandran, secretary (Ports, Shipping and Waterways), and R. Lakshmanan, joint secretary (Ports), who participated in the high-level deliberations. The minister also reviewed the progress of the National Maritime Heritage Complex at Lothal, Gujarat.
Hindustan Times
03-05-2025
- Business
- Hindustan Times
Two held for defrauding 1,375 people in car-rental scam
MUMBAI: Two men have been arrested for cheating 1,375 people of ₹20.60 crore by promising them an income of ₹55,000 to ₹75,000 per month if they became part of a car-rental business. The arrests were made by the Kashimira police in Mira Road on April 29, in Mira Road and Dapoli in Ratnagiri. Police have seized 246 cars valued at around ₹25 crore from the accused, identified as Sandeep Kandalkar aka Raju Rajiv Joshi and Sachin Tetagure, both residents of Dapoli in Rantagiri district. Kandalkar, who has been booked in 13 fraud cases, would tempt people to invest in the supposed rental car business, by telling them this was a pick-up and drop service from the airport and ports such as the Jawaharlal Nehru Port Authority. The individuals were told they would earn ₹55,000 to ₹75,000 per month if they either invested in the business or rented their own cars for the pick-up and drop service. The accused also used the money they collected to buy expensive cars and SUVs. 'The accused thus collected a total of ₹20.60 crore from 1,375 people,' said a police officer. To gain the confidence of their victims, the scamsters initially deposited the promised sums into their bank accounts but soon started to default on the payments. The police officer said 246 vehicles have been seized from Mumbai and surrounding areas based on information provided by the two arrested accused. The seized vehicles include cars such as the Innova Crysta, Maruti Brezza, Bolero Pickup, Kia Creta, Maruti Ertiga and Mahindra Thar. Police have also identified some associates of the arrested accused. They are Divyata Mhatre (26) and Rohan Mhatre (35), both residents of Mira Road; Pravin Telang (44), a Bhayander resident; Vaishali Dhuri (47) from Charkop in Mumbai; Nilesh Shinde (38), a resident of Mantuga East; and Babu Maruti Awad (49), a resident of Navi Mumbai. Police said the accused have been charged with cheating and breach of trust under the Bharatiya Nyaya Sanhita, 2023, and additionally for being members of an organised crime syndicate, as the investigation revealed that financial fraud had been committed over a long period of time, said Madhukar Pandey, commissioner of police, Mira Bhayander-Vasai Virar police.
