Adani Plans Joint Venture with Tsuneishi

Wednesday, April 25, 2007
The Adani group has finally zeroed in on a joint venture partner for its diversification into shipbuilding Japanese Tsuneishi group. According to sources, the Adani group is close to sealing the deal with Tsuneishi Shipbuilding Company for the Rs 1,500 crore venture, in which it proposes to hold a majority stake. The Japanese partner, who will bring technical expertise to the venture, will hold a smaller stake. Tentatively named Adani Shipyard, the proposed venture is expected to have a debt-equity ratio of 3:1 and is slated to come up at Mundra, that also houses the Adani group's port and special economic zone, the sources added. Confirming the development, Adani group chairman Gautam Adani, who is just back from a visit to Japan as part of a state-level business delegation, said that the joint venture agreement would be inked as soon as the feasibility study was completed. source: Times of India

Maritime Today


The Maritime Industry's original and most viewed E-News Service

Maritime Reporter May 2016 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

Tideland Signal Acquires Julius Signal

Tideland Signal Corporation, now part of Xylem, has entered into a definitive agreement to acquire certain assets of Julius Signal, extending the company’s portfolio

North P&I Club Repots Positive Financial Performance

North P&I Club reports that an exceptionally low year for claims has helped it increase its free reserves by $90 million to $428 million and deliver a combined ratio of 73.

Seaspan Responds to Canada’s NSS Announcement

In response to the Government of Canada’s announcement of a series of enhancements to strengthen the National Shipbuilding Strategy, Seaspan Shipyards’ president

Coast Guard

Ferry Crew-member Missing off Pembroke Coast

HM Coastguard is coordinating the search for a missing crew-member from a ferry, who it is believed may have gone overboard off the Pembroke coast.   The Coastguard

Seaspan Responds to Canada’s NSS Announcement

In response to the Government of Canada’s announcement of a series of enhancements to strengthen the National Shipbuilding Strategy, Seaspan Shipyards’ president

Migrant Boat Capsizes, Second in Two Days

A migrant boat capsized in the Mediterranean on Thursday and about 100 of its passengers have been rescued while the number of dead is unknown, officials said.   It

 
 
Maritime Contracts Maritime Standards Offshore Oil Pipelines Salvage Ship Electronics Ship Repair Ship Simulators Shipbuilding / Vessel Construction Winch
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.0720 sec (14 req/sec)