UK-based INEOS, the world's third largest chemical company, is exploring the possibility of setting up a catalyst unit at the Dahej Special Economic Zone in Gujarat.
In a bid to create an ecosystem of both large and small companies in the chemical and engineering industries, Gujarat Industrial Development Corporation (GIDC) is developing specific zones for small and medium enterprises in these two sectors.
The death toll may rise further as some of the injured workers are in a serious condition, according to police. As companies of methanol and xylene chemicals are located near the affected factory, authorities have shifted about 4,800 people from nearby Luvara and Lakhigam villages to safer places as a precautionary measure.
Adani Ports and Special Economic Zone Ltd (APSEZ) on Tuesday announced the acquisition of a 95 per cent stake in Gopalpur Ports in Odisha from Shapoorji Pallonji Group and Orissa Stevedores Ltd at an equity value of Rs 1,349 crore. In Gopalpur Ports, Shapoorji Pallonji Group (SP Group) firm SP Port Maintenance Pvt Ltd has a 56 per cent stake and Orissa Stevedores Ltd (OSL) has a 44 per cent stake. Gopalpur Port is an all-weather deep-water berthing port with a capacity of 20 million tonnes per annum (MTPA) situated in Ganjam district of Odisha.
Adani Enterprises, the flagship company of the Adani Group, reported a profit after tax of Rs 557 crore for the first quarter ended June 30, 2014 on the back of a 43 per cent jump in revenue.
Billionaire Gautam Adani-led Adani Group on Monday announced a Rs 20,000-crore investment for expanding the capacity of its Gujarat ports to 100 million tons per annum by 2020.
Acquisition of stressed infrastructure assets has pushed its debt to over Rs 1 lakh crore, highlighting concerns about its growth strategy.
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