Latest news with #MMLP
Time of India
5 days ago
- Business
- Time of India
MPIDC receives proposals for new pvt logistics parks
Indore: Pithampur industrial hub near Indore, is set to significantly boost its logistics infrastructure with the Madhya Pradesh Industrial Development Corporation (MPIDC) receiving proposals for new private logistics parks. This development comes as the region continues to attract major investment in its rapidly expanding industrial and logistics sectors. According to MPIDC executive director Himanshu Prajapati, prominent investors, including Gateway Distriparks and the Dubai-based Sharaf Group, expressed keen interest in developing logistics parks in the area. Both entities specifically requested approximately 40 acres of land each in proximity to the upcoming Indore-Dhar Railway line, signalling a strategic focus on multimodal connectivity. "These are the first private logistic park proposals received by MPIDC that presently are in the initial stage. The lands will be allotted to the private firms on lease while we will, as per the policy, also offer them incentives and other assistance as required," he said. The Executive Director added that these proposed private logistics parks will complement the existing and upcoming logistics infrastructure in Pithampur. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Top 15 Prettiest Icons In The History The Noodle Box Undo Notably, a large-scale Multi-Modal Logistics Park (MMLP) is already under development near Sector 6 of Pithampur. This MMLP is being established with a substantial investment of around Rs 1,110 crore across an area of approximately 250 acres, promising to be a cornerstone of the region's logistics capabilities. "The combined development of these private logistics parks and the state-led MMLP is expected to provide a significant boost to the logistics sector in the wider Indore region, enhancing connectivity, reducing transportation costs, and attracting further industrial growth," he said, adding that the strategic location, coupled with improved rail connectivity from the Indore-Dhar line, positions Pithampur as a crucial logistics gateway for Central India.
The Star
23-07-2025
- Business
- The Star
Astra to acquire Mega Manunggal Property
Logistics expansion: Heavy traffic on a street during the morning rush hour in Manunggal Property is an Indonesia-based company focusing on real estate and storage, as well as operating warehouses. — Bloomberg JAKARTA: Publicly listed conglomerate PT Astra International (ASII), through its subsidiary PT Saka Industrial Arjaya (SIA), is set to acquire an 83.67% stake in warehouse company PT Mega Manunggal Property (MMLP). SIA plans to purchase MMLP shares from PT Suwarna Arta Mandiri, which holds the largest stake at 49.2%; Bridge Leed Ltd, which owns 17.51%; and several minority shareholders. MMLP corporate secretary Jeremy Muliawan said the acquisition process had reached the stage of a conditional share purchase agreement (CSPA) on Monday. 'Completion of the transaction based on CSPA is subject to fulfilment of all conditions precedent in the CSPA. 'If the transaction based on CSPA is completed, such completion will result in the transfer of control over the company to the purchaser,' Jeremy stated in the company's information disclosure released on Tuesday. Following the transaction, SIA, as the new controlling shareholder, will conduct a mandatory tender offer in accordance with provisions set out in Financial Services Authority Regulation No. 9/2018 on the acquisition of public companies and prevailing capital market regulations. Astra International corporate secretary Gita Tiffani Boer also wrote in an information disclosure on Tuesday that the purpose of the transaction was to support SIA's business development and investment. Mega Manunggal Property is an Indonesia-based company focusing on real estate and storage, as well as operating warehouses. It currently manages or owns 13 warehouses across Greater Jakarta and East Java. Launched on the Indonesia Stock Exchange in 2015, its market capitalisation now stands at 3.96 trillion rupiah, which would give Astra's acquisition of 83.67% of the shares a value of approximately 3.31 trillion rupiah. During Tuesday's second trading session, MMLP shares were down 2.56% at 570 rupiah a piece. However, the stock is up about 15% since the beginning of this year. Meanwhile, ASII's shares have declined almost 5% since the beginning of the year. During the second trading session on Tuesday, they were changing hands at 4,710 rupiah per share, down 1.05%. The company previously reported a decline in net profit for the first quarter of financial year 2025, citing poor economic conditions, a weak automotive industry and the downward trend in coal prices. The company booked a net profit of 6.93 trillion rupiah in the first three months of 2025, down from 7.46 trillion rupiah noted in the same period last year. Astra president director Djony Bunarto Tjondro stated that the impact from the drop in performance in the automotive sector was partly offset by a solid performance in other segments, which 'reflected the resilience of Astra's diversified portfolio'. 'We will continue to monitor macroeconomic developments while maintaining financial and operational discipline across the group. 'Supported by a strong balance sheet, the group's diversified portfolio is well-positioned to seize long-term growth opportunities,' he wrote in the company's first quarter report. Astra, one of Indonesia's largest diversified conglomerates, has business arms in various sectors, including the automotive industry, financial services, mining, energy, infrastructure and logistics, and information and technology, as well as property. — The Jakarta Post/ANN
Hans India
13-07-2025
- Business
- Hans India
Maharashtra: Skill Development Centre to be set up at Aurangabad Industrial City
New Delhi: A 20,000 sq. ft. Skill Development Centre is set to be established at Aurangabad Industrial City (AURIC) in partnership with the Confederation of Indian Industry (CII), for which an MoU is expected to be signed next week, according to an official statement issued on Sunday. Secretary, Department for Promotion of Industry and Internal Trade (DPIIT), Amardeep Singh Bhatia, confirmed the project during his visit to Chhatrapati Sambhaji Nagar to review the progress of industrial infrastructure and development of startups in the region. The Secretary emphasised the need to attract Global Capability Centre (GCC) investments and foster the development of Research and Development centres at AURIC to further enhance the region's innovation and industrial ecosystem. Stakeholders also recommended the convergence of Pradhan Mantri Awas Yojana 2.0 subsidies with state housing policies to offer a comprehensive package for inclusive residential development, thereby supporting the growth of a well-rounded industrial township. The visit also included an industry interaction session chaired by the Secretary at AURIC Hall, which witnessed participation from key stakeholders, including industry bodies such as MASSIA, CMIA, CII, FICCI, and ASSOCHAM. During the discussion, stakeholders suggested measures such as improved connectivity between Aurangabad-Hyderabad-Chennai, development of an MRO facility and Vande Bharat terminal, better logistics access at Bidkin, local train services between Jalna and Waluj, affordable housing via MHADA, and a dedicated chemical zone, the statement said. Recommendations also included increasing MSME land reservation from 10 per cent to 40 per cent, reserving 10 per cent land for startups, and strengthening soft infrastructure and skill development at AURIC. P. Anbalagan, Secretary, Industries Department, Government of Maharashtra, also presented the state's strategic vision for industrial growth through initiatives like MITL and MMLP. The Secretary's visit began with an interactive session at the Marathwada Accelerator for Growth and Incubation Council (MAGIC), where he engaged with budding entrepreneurs, incubators, and startup founders from the region. He appreciated their innovative spirit and highlighted the Government's strong support through initiatives like Startup India, Fund of Funds, and sector-specific incentives aimed at boosting the startup ecosystem, especially in Tier-2 and Tier-3 cities. The secretary also visited the Bidkin Industrial area, where he reviewed key infrastructure sites including JSW Green-Tech Ltd, Toyota Kirloskar facility, and the Water Treatment Plant. His visit further progressed to the Shendra Industrial Area, where he toured key industrial units including NLMK India, Hyosung T and D Pvt. Ltd., and Coatall Films Pvt. Ltd. He appreciated their role in driving high-value manufacturing and generating employment, contributing significantly to the vision of Viksit Bharat@2047. Besides, he took stock of the industrial infrastructure at AURIC, including the Water Treatment Plant, Integrated Command and Control Centre (ICCC), the state-of-the-art AURIC Hall, and the 3D city model of Shendra. Bhatia reiterated that collaboration between government and industry is essential to position Maharashtra as a global hub for manufacturing and innovation. The session witnessed active participation from Industry Associations and the Government of Maharashtra, reinforcing their shared commitment to catalysing industrial growth in the region, the statement added.
Business Wire
02-07-2025
- Business
- Business Wire
Martin Midstream Partners L.P. Sets Date for Release of Second Quarter 2025 Financial Results
KILGORE, Texas--(BUSINESS WIRE)--Martin Midstream Partners L.P. (NASDAQ: MMLP) ('MMLP') will announce its financial results for the second quarter 2025 on Wednesday, July 16, 2025, after the market closes where it can be accessed at About Martin Martin Midstream Partners LP, headquartered in Kilgore, Texas, is a publicly traded limited partnership with a diverse set of operations focused primarily in the Gulf Coast region of the United States. MMLP's primary business lines include: (1) terminalling, processing, and storage services for petroleum products and by-products; (2) land and marine transportation services for petroleum products and by-products, chemicals, and specialty products; (3) sulfur and sulfur-based products processing, manufacturing, marketing and distribution; and (4) marketing, distribution, and transportation services for natural gas liquids and blending and packaging services for specialty lubricants and grease. To learn more, visit Follow Martin Midstream Partners L.P. on LinkedIn, Facebook, and X. MMLP-F
Business Wire
03-06-2025
- Business
- Business Wire
Martin Midstream Partners L.P. 2024 Schedule K-3 Forms Now Available
KILGORE, Texas--(BUSINESS WIRE)--Martin Midstream Partners L.P. (NASDAQ: MMLP) ('MMLP') today announced that its 2024 Schedule K-3 reflecting items of international tax relevance is available online. Unitholders requiring this information may access their Schedule K-3 at A limited number of unitholders (primarily foreign unitholders, unitholders computing a foreign tax credit on their tax return and certain corporate and/or partnership unitholders) may need the detailed information disclosed on Schedule K-3 for their specific reporting requirements. To the extent a Schedule K-3 is applicable to federal income tax return filing needs, unitholders are encouraged to review the information contained on this form and refer to the appropriate federal laws and guidance or consult with their tax advisor. To receive an electronic copy of the Schedule K-3 via email, unitholders may call Tax Package Support toll free at (888) 334-7473 weekdays between 8 a.m. and 5 p.m. CT. About Martin Midstream Partners Martin Midstream Partners LP, headquartered in Kilgore, Texas, is a publicly traded limited partnership with a diverse set of operations focused primarily in the Gulf Coast region of the United States. MMLP's primary business lines include: (1) terminalling, processing, and storage services for petroleum products and by-products; (2) land and marine transportation services for petroleum products and by-products, chemicals, and specialty products; (3) sulfur and sulfur-based products processing, manufacturing, marketing and distribution; and (4) marketing, distribution, and transportation services for natural gas liquids and blending and packaging services for specialty lubricants and grease. To learn more, visit Follow Martin Midstream Partners L.P. on LinkedIn, Facebook, and X. MMLP-C
