IndiGo has increased its seat-capacity to the Gulf by 40% in the past one year and now offers 26,460 weekly seats from India to Dubai, Doha, Sharjah and Muscat.
The amount will be paid in two tranches--Rs 434 crore upon signing of a definitive agreement and the balance Rs. 100 crore to be paid over 4 years on achieving milestones.
The Essar, Adani and JSW Groups, among others, are setting up LNG terminals along India’s eastern and western water margins as natural extensions to the port infrastructure.
Consolidated cargo handling across the company's five operational ports rose to 72.86 million tons in FY 2016-17.
In an interview to ET, the Adani Group scion said a focus on cleaner forms of energy will shave operating costs by as much as 10%-15% for APSEZ.
Adani Ports signed a memorandum of understanding with Malaysia's MMC Ports to do feasibility study of the Carey Island Port Project as an extension of Port Klang.
The company is also working on remote-controlled crane operations that will likely add to ease of doing business at India's largest container-handling port.
Apollo LogiSolutions Limited will hold 70% stake in this joint venture while the rest will be held by its partner.
Fairfax now holds 38% in the Bangalore airport, it said in a separate statement from its headquarters in Toronto.
JNPT, which handled India's largest container cargo tonnage, currently has 33 CFS operators including Allcargo Logistics, Ameya Logistics, GDL and Hind Terminal.
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