GE Shipping’s results continued to show the effects of an over-supply in the shipping industry as rates fell in some of its key segments. It remains cautious about the outlook in 2011-12.
Chambal Fertilisers and Chemicals is demerging its shipping business to a subsidiary, which will be listed. Existing shareholders will own shares in new company, but promoters will effectively control three-fourth of the new company’s shareholding.
Mundra Port & Special Economic Zone’s sales and profits have risen on the back of expanding infrastructure and volumes. Some strain is visible on the expenses front, though not at alarming levels.
Adani Enterprises will invest the money over four years to set up rail and port infrastructure in Indonesia, and will ship nearly 35 million tons of coal to Indian power plants.
ABG is planning to invest Rs 800 crore as equity investments and debt and giving Rs 1,750 crore in corporate guarantees, to complete its acquisition of Western India Shipyard and fund some of its subsidiaries and group companies.
Pipavav Shipyard’s delivery schedule has got hit because of a delay in commissioning critical equipment, leading to cancellation of one order for a ship
Tata Motors is seeking to make use of JLR’s rising cash flows by leveraging its balance sheet, and refinance existing debt and potentially lower interest costs too.
State Bank of India’s reaction to the credit policy was swift, in a move which will see short term deposit rates spike and all loans will become expensive.
