Railway's Nagpur unit sees Rs 4.27 billion in freight revenue Nippon Steel's Vice Chairman Returns to U.S. for Key Acquisition Talks Adani portfolio delivers 45% EBITDA growth in FY23-24 Adani Ports secures concession to operate Dar es Salaam Container T2The Nagpur Division of Central Railway generated Rs 4.72 billion in freight profits in May, a 1.3% increase from the previous year. This achievement was attributed to the division's commitment to providing value to stakeholders. Their total earnings from April 24 to May 24 amounted to Rs 8.92 billion. Coal traffic...
more... revenue contributed Rs 3.86 billion, while profits from other freight categories reached Rs 3.35 billion, representing a 15% increase compared to the same month last year.
Nippon Steel's Vice Chairman, Takahiro Mori, will return to the United States this week for further negotiations regarding the $14.9 billion acquisition of U.S. Steel. This follows his previous visit from May 20-26, highlighting the company's urgency to finalize the deal amidst regulatory and political challenges. Mori's agenda includes meetings in Washington D.C. and discussions with business and political leaders, underscoring the Japanese steelmaker's commitment to the merger.
Adani Group recorded a remarkable 45% increase in pre-tax profit (EBITDA) in FY23-24, reaching Rs 829.17 billion. This growth was driven by strategic measures like debt containment, founder share pledge reduction, and core competency consolidation. Over the past five years, the group has achieved a 54% CAGR for profit growth. A significant portion of the EBITDA (84%) stemmed from 'core infrastructure' businesses.
Adani International Ports secured a 30-year concession to operate Container Terminal 2 (CT2) at Dar-es-Salaam Port in Tanzania, marking their entry into the country's port sector. This strategic move reflects APSEZ's commitment to global expansion and leadership in the port and logistics industry. CT2, with an annual cargo handling capacity of 1 million TEUs, is a crucial gateway with extensive road and rail networks. It handled 0.82 million TEUs in 2023, accounting for 83% of Tanzania's total container volumes.
Central Railway ke Nagpur Division ne May mein freight profit Rs 4.72 billion banaye, jo ki pichle saal ke same month se 1.3% zyada hai. Yeh achievement stakeholders ko value dene ke division ke commitment ko highlight karta hai. April 24 se May 24 tak unki total earnings Rs 8.92 billion...
more... hui. Coal traffic revenue Rs 3.86 billion tha, aur other freight categories se profit Rs 3.35 billion tha, jo ki pichle saal ke same month se 15% zyada hai.
Nippon Steel ke Vice Chairman, Takahiro Mori, is hafte US wapas aane wale hain, U.S. Steel ke $14.9 billion acquisition ke baare mein further negotiations ke liye. Yeh unki May 20-26 ki previous visit ke baad hai, jo ki regulatory aur political challenges ke beech deal ko finalize karne ki company ki urgency ko highlight karta hai. Mori ka agenda Washington D.C. mein meetings aur business aur political leaders ke saath discussions hai, jo ki Japanese steelmaker ki merger ke commitment ko underscore karta hai.
Adani Group ne FY23-24 mein pre-tax profit (EBITDA) mein 45% ki remarkable growth dikhaai, jo ki Rs 829.17 billion tak pahuncha. Yeh growth debt containment, founder share pledge reduction, aur core competency consolidation jaise strategic measures se aayi. Pichle paanch saalon mein, group ne profit growth ke liye 54% CAGR achieve kiya hai. EBITDA ka ek significant portion (84%) 'core infrastructure' businesses se aaya hai.
Adani International Ports ne Tanzania ke Dar-es-Salaam Port mein Container Terminal 2 (CT2) ko operate karne ke liye 30 saal ki concession secure ki hai, jo ki unki country ke port sector mein entry ko mark karta hai. Yeh strategic move APSEZ ke global expansion aur port aur logistics industry mein leadership ke commitment ko reflect karta hai. CT2, jo ki 1 million TEUs ki annual cargo handling capacity ke saath four berths ko comprise karta hai, extensive road aur rail networks ke saath ek crucial gateway hai. Isne 2023 mein 0.82 million TEUs handle kiye, jo ki Tanzania ke total container volumes ka 83% hai.
