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Mundra Port & SEZ’s profit up 40%, stock down by 0.6%

Mundra Port & Special Economic Zone had a good quarter in December 2010. The company owns and manages a port and related infrastructure in Mundra, Gujarat, including a multi-product special economic zone. In end-December, it commissioned a 60 million tonne coal receiving terminal, which will contribute to revenues in forthcoming quarters. Some of its significant subsidiaries are Adani Logistics Ltd and Adani Petronet (Dahej) Port Pvt Ltd, whose results do not reflect here, as it has reported standalone results for the quarter.

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Adani ties up Indonesian coal supply with Rs 7700 crore investment

Gujarat-based infrastructure company Adani Enterprises announced the contours of its investment into Indonesia, crystallising a preliminary agreement entered into in August 2010. It will invest about $1.65 billion or about Rs 7,700 crore, over a period of 4 years, to build a 250km railway line and port infrastructure to handle about 60 million tonnes of coal. The announcement is part of the Indonesian President, Susilo Bambang Yudhoyno, visit to India, which includes signing of a number of business deals to further the nation’s economic growth. Continue Reading →

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