SEZ

Adani Portfolio Delivers Highest Ever EBITDA Growth, Jumps 47% y-o-y in H1FY24; Crosses Rs 43K Cr

Retrieved on: 
Tuesday, December 12, 2023

The integrated business portfolio, which focusses on fortifying India’s infrastructure development, has delivered a strong performance across all its businesses.

Key Points: 
  • The integrated business portfolio, which focusses on fortifying India’s infrastructure development, has delivered a strong performance across all its businesses.
  • During the period, the portfolio level EBITDA stood at Rs 43,688 Cr (USD 5.3 billion), up 47% YoY.
  • These businesses include the utility (Adani Green Energy, Adani Energy Solutions, Adani Power and Adani Total Gas), transport (Adani Ports & SEZ) and other infrastructure businesses (those being incubated by Adani Enterprises – green hydrogen integrated manufacturing, airports and roads).
  • The incubation under Adani Enterprises continues to progress well, with the assets contributing 8% of the overall EBITDA.

U.S. International Development Finance Corporation, America’s Development Finance Institution, to Fund CWIT, Adani’s JV in Sri Lanka, for USD 553 Million

Retrieved on: 
Wednesday, November 8, 2023

U.S. International Development Finance Corporation (DFC) has announced that it will be funding Colombo West International Terminal Pvt.

Key Points: 
  • U.S. International Development Finance Corporation (DFC) has announced that it will be funding Colombo West International Terminal Pvt.
  • Ltd. (CWIT) – a consortium of India's largest port operator Adani Ports and SEZ Ltd., Sri Lanka's leading enterprise John Keells Holdings (JKH) and the Sri Lanka Ports Authority – to the tune of USD 553 million.
  • View the full release here: https://www.businesswire.com/news/home/20231107733135/en/
    U.S. International Development Finance Corporation, America’s Development Finance Institution, to Fund CWIT, Adani’s JV in Sri Lanka, for USD 553 Million (Photo: Business Wire)
    DFC, the U.S. government’s development finance institution, partners with the private sector to finance solutions to the most critical challenges facing the developing world.
  • “Sri Lanka is one of the world’s key transit hubs, with half of all container ships transiting through its waters.

Black & Veatch Advances Green Hydrogen Production in Indonesia

Retrieved on: 
Tuesday, November 7, 2023

Black & Veatch , a global leader in critical infrastructure solutions, has conducted a feasibility study for Augustus Global Investment (AGI) on the generation of green hydrogen in Indonesia.

Key Points: 
  • Black & Veatch , a global leader in critical infrastructure solutions, has conducted a feasibility study for Augustus Global Investment (AGI) on the generation of green hydrogen in Indonesia.
  • Black & Veatch provided a plant configuration and technology analysis and order-of-magnitude cost estimates for hydrogen generation and storage.
  • The proposed green hydrogen production plant would be built in the Arun Lhokseumawe Special Economic Zone (SEZ) in the Aceh province of Indonesia.
  • Black & Veatch is involved in building 245 MW of electrolysis capacity, nearly doubling green hydrogen production worldwide, including as the engineering, procurement and construction (EPC) provider for the Advanced Clean Energy Storage facility in Delta, Utah, USA, which will be among the world’s largest industrial green hydrogen production and storage facilities.

Tatu City takes a green leap with urban agroforestry farm in Kenya

Retrieved on: 
Friday, September 1, 2023

TATU CITY, Kenya, Sept. 1, 2023 /PRNewswire/ -- Tatu City , the 5,000-acre mixed-use Special Economic Zone (SEZ), has partnered with agroforestry farming pioneer ForestFoods to grow carbon-neutral organic produce for the new city on Nairobi's doorstep.

Key Points: 
  • TATU CITY, Kenya, Sept. 1, 2023 /PRNewswire/ -- Tatu City , the 5,000-acre mixed-use Special Economic Zone (SEZ), has partnered with agroforestry farming pioneer ForestFoods to grow carbon-neutral organic produce for the new city on Nairobi's doorstep.
  • "Our farm in Tatu City is a remarkable example of how modern cities can embrace sustainable agriculture to enhance their environment, economy, and quality of life," said Sven Verwiel, Managing Director of ForestFoods.
  • "ForestFoods' partnership with Tatu City aligns perfectly with our vision of harmonious coexistence between sustainable urban development and nature," said Perminas Marisi, Head of City Management at Tatu City.
  • "We are delighted that residents, schools and businesses in Tatu City and the region can now access nutrient-dense and beyond-organic farm produce at their doorstep."

Tatu City takes a green leap with urban agroforestry farm in Kenya

Retrieved on: 
Friday, September 1, 2023

TATU CITY, Kenya, Sept. 1, 2023 /PRNewswire/ -- Tatu City , the 5,000-acre mixed-use Special Economic Zone (SEZ), has partnered with agroforestry farming pioneer ForestFoods to grow carbon-neutral organic produce for the new city on Nairobi's doorstep.

Key Points: 
  • TATU CITY, Kenya, Sept. 1, 2023 /PRNewswire/ -- Tatu City , the 5,000-acre mixed-use Special Economic Zone (SEZ), has partnered with agroforestry farming pioneer ForestFoods to grow carbon-neutral organic produce for the new city on Nairobi's doorstep.
  • "Our farm in Tatu City is a remarkable example of how modern cities can embrace sustainable agriculture to enhance their environment, economy, and quality of life," said Sven Verwiel, Managing Director of ForestFoods.
  • "ForestFoods' partnership with Tatu City aligns perfectly with our vision of harmonious coexistence between sustainable urban development and nature," said Perminas Marisi, Head of City Management at Tatu City.
  • "We are delighted that residents, schools and businesses in Tatu City and the region can now access nutrient-dense and beyond-organic farm produce at their doorstep."

Tata Elxsi delivers steady performance in Q1 FY'24 with operating revenue crossing Rs. 850 crores and EBITDA margin at industry leading 29.6%

Retrieved on: 
Monday, July 17, 2023

BANGALORE, India, July 17, 2023 /PRNewswire/ -- Tata Elxsi (BSE: 500408) (NSE: TATAELXSI), amongst the world's leading providers of design led technology services, announced its first quarter results for the period ending 30th June 2023.

Key Points: 
  • 850.3 Cr of operating revenue, a growth of 17.1% over the same quarter of previous year (YoY).
  • Healthcare signalled a strong recovery, registering 3.2% QoQ growth in Q1 of FY24 in constant currency.
  • Our Media & Communications business performed creditably to retain and grow market share even though absolute revenue growth was muted.
  • We won our first multi-year deal for our 5G network orchestration and automation suite with a leading telecom operator.

Jamaica - emerging logistics powerhouse creates opportunities for global business

Retrieved on: 
Tuesday, July 11, 2023

The country's stable government and economy, along with its location, physical infrastructure, talent pool, and economic framework read like a wish-list for global supply chain managers.

Key Points: 
  • The country's stable government and economy, along with its location, physical infrastructure, talent pool, and economic framework read like a wish-list for global supply chain managers.
  • This has led to exponential growth in the global services sub-sectors of BPO, KPO, ITES (IT Enabled Services), Logistics and Creative Industries.
  • Jamaicans are buying into the government's efforts to catapult the country to the top of the global services sector.
  • In the last decade, business confidence in the country has increased annually by 24.1 points.

Jamaica - emerging logistics powerhouse creates opportunities for global business

Retrieved on: 
Tuesday, July 11, 2023

The country's stable government and economy, along with its location, physical infrastructure, talent pool, and economic framework read like a wish-list for global supply chain managers.

Key Points: 
  • The country's stable government and economy, along with its location, physical infrastructure, talent pool, and economic framework read like a wish-list for global supply chain managers.
  • This has led to exponential growth in the global services sub-sectors of BPO, KPO, ITES (IT Enabled Services), Logistics and Creative Industries.
  • Jamaicans are buying into the government's efforts to catapult the country to the top of the global services sector.
  • In the last decade, business confidence in the country has increased annually by 24.1 points.

Allcargo Group Announces Key Appointments in Senior Leadership Positions Post Recent Demerger

Retrieved on: 
Monday, June 19, 2023

Allcargo Group, the Indian-born global logistics conglomerate, is delighted to announce several significant appointments in key leadership positions within the organisation.

Key Points: 
  • Allcargo Group, the Indian-born global logistics conglomerate, is delighted to announce several significant appointments in key leadership positions within the organisation.
  • These appointments exemplify Allcargo Group's commitment to driving expansion and enhancing its presence in the dynamic logistics industry.
  • Adarsh will provide the strategic leadership, functional management and value creation opportunities together with helping the group implement technology and digital initiatives.
  • These appointments reflect Allcargo Group's commitment to strengthening its leadership team and driving excellence across all business verticals.

Stellantis and the South African Authorities Sign Framework Agreement to Manufacture Vehicles in South Africa

Retrieved on: 
Wednesday, March 8, 2023

“I am pleased that Stellantis is looking to South Africa to expand its manufacturing footprint,” Mr. Ebrahim Patel, Minister of Trade, Industry and Competition said today.

Key Points: 
  • “I am pleased that Stellantis is looking to South Africa to expand its manufacturing footprint,” Mr. Ebrahim Patel, Minister of Trade, Industry and Competition said today.
  • South Africa is a great investment destination with significant car-making capacity.
  • “An investment partner like Stellantis is an amazing opportunity for South Africa,” said Mr. TP Nchocho, CEO of the IDC.
  • “Their track record in manufacturing plants around the world is impressive and we look forward to a joint venture with Stellantis to build a successful plant in South Africa.