Adani Ports and SEZ hastens the creation of a fully-owned subsidiary
02 Mar 2023
2 Min Read
CW Team
According to Adani Ports and Special Economic Zone, its step-down subsidiary, Adani Agri Logistics (AALL), has established a wholly owned subsidiary PU Agri Logistics.
On February 25, 2023, PU Agri Logistics became a wholly owned subsidiary of AALL with the intention of developing, designing, building, financing, procuring, engineering, operating, and maintaining silo complexes (spoke silo complexes) without a container depot on a design, build, finance, own, and operate (PPP) basis at 26 locations in Punjab.
PU Agri Logistics was established by AALL with an initial authorised and paid-up share capital of half a million INR each. The company stated that it has not yet begun conducting business.
According to the company, PU Agri will be incorporated in India and registered with the Registrar of Companies, Gujarat, on February 25, 2023, in Ahmedabad. Adani Ports & Special Economic Zone (APSEZ) is in the business of developing, operating, and maintaining port infrastructure (port services and related infrastructure development). At Mundra, they have connected a multi-product Special Economic Zone (SEZ) and related infrastructure that is adjacent to the port.
In comparison to the Rs 156,72 million reported in Q3 FY22, the consolidated net profit of the business decreased by 16.05 per cent to Rs 131,56 million. In the quarter that ended on December 31, 2022, revenue from operations was Rs 478,62 million, up from Rs 407,19 million in the third quarter of FY22.
According to Adani Ports and Special Economic Zone, its step-down subsidiary, Adani Agri Logistics (AALL), has established a wholly owned subsidiary PU Agri Logistics.
On February 25, 2023, PU Agri Logistics became a wholly owned subsidiary of AALL with the intention of developing, designing, building, financing, procuring, engineering, operating, and maintaining silo complexes (spoke silo complexes) without a container depot on a design, build, finance, own, and operate (PPP) basis at 26 locations in Punjab.
PU Agri Logistics was established by AALL with an initial authorised and paid-up share capital of half a million INR each. The company stated that it has not yet begun conducting business.
According to the company, PU Agri will be incorporated in India and registered with the Registrar of Companies, Gujarat, on February 25, 2023, in Ahmedabad. Adani Ports & Special Economic Zone (APSEZ) is in the business of developing, operating, and maintaining port infrastructure (port services and related infrastructure development). At Mundra, they have connected a multi-product Special Economic Zone (SEZ) and related infrastructure that is adjacent to the port.
In comparison to the Rs 156,72 million reported in Q3 FY22, the consolidated net profit of the business decreased by 16.05 per cent to Rs 131,56 million. In the quarter that ended on December 31, 2022, revenue from operations was Rs 478,62 million, up from Rs 407,19 million in the third quarter of FY22.
Next Story
Hafele launches Platinum Studio in Nagpur
Hafele has expanded its franchise footprint in central India by opening a new Studio Partner Platinum showroom in Nagpur in collaboration with Onkar Furnitech. The studio was inaugurated by Nitin Gadkari, Minister of Road Transport and Highways, along with Padma Gupta, Director 鈥� HR & Customer Experience, Hafele South Asia.Located at Sarthak Plaza, South Ambazari Road, Laxmi Nagar, the showroom offers an immersive experience of Hafele鈥檚 wide-ranging interior and home solutions. Designed as a hands-on, real-life application space, the studio showcases Hafele鈥檚 full portfolio鈥攊ncludi..
Next Story
Truflo by Hindware wins GPTW honour again
Truflo by Hindware has been certified a Great Place to Work for the fourth consecutive year, reaffirming its commitment to a people-first culture. The certification was awarded by the Great Place to Work Institute following a rigorous evaluation of employee experience, leadership, culture, and HR practices.Known as India鈥檚 fastest-growing plastic pipes and fittings company, Truflo has focused on fostering an inclusive, innovative, and growth-driven work environment. The company prioritises employee well-being and professional development, creating a culture where people feel valued and empow..
Next Story
Ahmedabad鈥檚 Rs 1.17 Billion Flyover Opens
A major infrastructure milestone was achieved in Ahmedabad with the inauguration of a new Rs 1.17-billion flyover at Pallav Char Rasta on May 18.Union 亚博体育官网首页 and Cooperation Minister Amit Shah, who represents the Gandhinagar Lok Sabha constituency, unveiled the structure that was expected to ease vehicular congestion for nearly 1.5 lakh daily commuters navigating through the city鈥檚 busy Naranpura zone. The flyover, constructed across the 132-feet Ring Road, extended 935 metres in length and spanned 8.4 metres in width. It reached a height of 5.37 metres at the Pragatinagar junction and feature..
