Maharashtra clears 937 hectares for Gadchiroli steel expansion Steel stock surges 29% in just two days Steel output rises 14% to 9.25 MT Infrastructure boom fuels India’s steel consumption
Adani Ports and Special Economic Zone (APSEZ) on Thursday reported a 65.22% rise in consolidated profit to ₹2,208.21 crore for the third quarter ended December 2023.
The country's largest integrated logistics player had clocked a profit of ₹1,336.51 crore a year ago, according to a regulatory filing.
Total income increased to ₹7,426.95 crore in the quarter from ₹5,051.17 crore in the year-ago period.
“In the year when our first port, Mundra, completed 25 years of operation, APSEZ recorded its strongest ever Q3 and 9M performance with the highest ever revenue, EBITDA, and cargo volumes, and is on course to overachieve its full-year guidance provided at the start of the year. This is a testament to our continuous efforts to drive operating efficiencies and remain an industry-leading port operator,” said Mr Ashwani Gupta, CEO, APSEZ.
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