June 2, 2023

This Week's Highlights of Indian Logistics

Adani Ports FY23 revenue up 22%, profit up 9%
Investments of ₹27,000 cr in FY23 primarily funded through internal accruals and cash and cash equivalents.
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AISATS, Noida Airport sign multimodal-cargo-hub concession agreement
The MMCH, spanning across 87 acres, will comprise an Integrated Cargo Terminal (ICT) and an Integrated Warehousing & Logistics Zone (IWLZ).
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DFC achieves milestone of running 1 lakh trains
Till now, 55,332 trains have moved on Eastern Dedicated Freight Corridor (EDFC) and 44,658 trains on the Western DFC
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DP World’s Unifeeder launches new India-Middle East weekly service
DP World’s International Container Transshipment Terminal in Cochin now provides four direct sailing weekly services for the Middle East region.
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NSDT, Ganesh Benzoplast partner for liquid cargo terminal at JNP
NSDT is a multipurpose clean cargo terminal, capable of handling container, cement, general cargo, liquid vessels, break bulk, dry bulk etc.
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Gati, Schneider Electric partner for green express logistics solutions
Gati has deployed these vehicles from Schneider Electric’s distribution centres at Kundli, Haryana; Bhiwandi, Maharashtra and Chennai, Tamil Nadu.
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Bastian Solutions to open first Indian manufacturing facility in Karnataka
Engineering and manufacturing conveyors in the US since 2010, this site will mark its first step into India’s industrial ecosystem.
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The company aims to address the demand within Mumbai as well as commercial goods and fine art movements.
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Constantia Flexibles, SB Packagings kick off joint venture
The JV between two packaging industry leaders and Premji Invest as shareholders will leverage each company’s unique strengths and resources.
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BLR Airport achieves ACI’s highest Level 4+ Transition & Green Airports recognition
The Level 4+ Transition accreditation is one of the highest accolades an airport can receive under the Airport Carbon Accreditation program.
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