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Panaji: With a 40 per cent rise in cruise passengers in FY 2023-24, the <keyword id="20671927" type="General" weightage="20" keywordseo="Mormugao-Port-Authority" source="keywords" meta.keywordsubtype="org" meta.entityname="Mormugao Port Authority" meta.hostid="153" meta.entityid="Mormugao Port Authority">Mormugao Port Authority</keyword> (MPA) expects to grow it further with the construction of the International and Domestic Cruise Terminal in Goa by March 2025, an official said. The development of the International and Domestic Cruise Terminal and allied facilities is expected to boost tourism and local economy while fostering sustainable practices and infrastructure improvements, thereby enhancing the region's competitiveness in the global cruise market, the senior MPA official told PTI. He was speaking on the sidelines of the Maritime States Development Council meeting held in Goa on September 12 and 13. The increase in global cruise liner traffic has led to a significant rise in cruise ship arrivals at the Mormugao Port, positioning it for a substantial future growth, the official said. In the 2023-24 financial year, there was an increase in calls by cruise vessels by 15 per cent and and rise in cruise passengers by 40 per cent compared to FY 2022-23, he said. On the first day of Maritime States Development Council meeting, Union Minister of Ports, Shipping and Waterways Sarbananda Sonowal visited the site of the proposed state-of-the-art building which will house the International and Domestic Cruise Terminal. The official said the focus would be on passengers in the new facility. The <keyword id="23176608" type="General" weightage="20" keywordseo="international-cruise-terminal" source="keywords">international cruise terminal</keyword> will have 24 immigration counters, 10 check-in counters, a waiting lounge and other facilities, he said. "The domestic cruise terminal will have 12 check-in counters, waiting lounges and other facilities. Ancillary commercial building will have an experiential shopping zone aimed at cruise tourists and will also be accessible to the general public," he said. The terminal will have duty-free retain shops, lounges, food court and other facilities, the official added.

New cruise terminal in Goa to boost tourism, local economy: Official

The stealth guided missile destroyer <keyword id="50591" type="General" weightage="100" keywordseo="mormugao" source="Orion">Mormugao</keyword>, the second of the four 'Visakhapatnam' class destroyers, was commissioned into the Indian <keyword id="42407" type="General" weightage="80" keywordseo="navy" source="Orion">Navy</keyword> on Sunday. Speaking at the commissioning ceremony in Mumbai, Defence Minister <keyword id="6355121" type="General" weightage="50" keywordseo="rajnath-singh" source="Orion">Rajnath Singh</keyword> said <keyword id="3659561" type="General" weightage="80" keywordseo="ins-mormugao" source="Orion">INS Mormugao</keyword> is evidence of India's excellence in warship design and development. INS Mormugao is among the most powerful Indigenous warships, Singh said. This is the most technologically advanced warship, he added. Singh said the warship's commissioning will boost India's maritime power. Indian economy is among the top five economies in the world, and according to experts, will be among the top three in 2027, Singh said. The Navy chief said the commissioning of the warship, on the eve of the Goa Liberation Day, is indicative of the large strides taken in warship design and building capability over the last decade. Goa Chief Minister <keyword id="864632" type="General" weightage="50" keywordseo="pramod-sawant" source="Orion">Pramod Sawant</keyword>, Chief of Defence Staff General Anil Chauhan and Goa governor P S Sreedharan Pillai were present at the ceremony at naval dockyard. INS Mormugao is the second of the four 'Visakhapatnam' class destroyers of 'Project 15B', indigenously designed by the Indian Navy's in-house organisation, Warship Design Bureau and constructed by Mazagon Dock Shipbuilders Limited, Mumbai. Named after the historic port city of Goa, Mormugao coincidentally undertook first sea trial on December 19, 2021, when Goa celebrated 60 years of liberation from the Portuguese rule. INS Mormugao is 163 metres long and 17 metres wide. It has a displacement of 7,400 tonnes and a maximum speed of 30 knots (55 kmph). The warship is packed with sophisticated state of the art weapons and sensors such as surface to surface missile and surface to air missiles. It is fitted with a modern surveillance radar which provides target data to the gunnery weapon systems on board. SEE ALSO: <a href="https://www.businessinsider.in/thelife/personalities/news/i-am-glad-i-fd-up-so-much-in-life-that-it-is-content-now-says-ankur-warikoo/articleshow/96282722.cms">I am glad I F**%*D up so much in life that it is content now says Ankur Warikoo</a> <a href="https://www.businessinsider.in/careers/news/tech-layoffs-surpass-great-recession-levels-set-to-get-worse-in-early-2023/articleshow/96314678.cms">Tech layoffs surpass Great Recession levels, set to get worse in early 2023</a>

Stealth guided missile destroyer Mormugao commissioned into Indian Navy

<ul><li>The stock listed at ₹143 per share as compared to its <keyword id="6354763" type="General" weightage="80" keywordseo="ipo" source="Orion">IPO</keyword> price of ₹119.</li><li>The market cap of the company is ₹32,476.52 crore according to BSE.</li><li>It intends to use the proceeds to pay loans and capex besides general corporate purposes. </li></ul> <keyword id="13852" type="General" weightage="70" keywordseo="jsw" source="Orion">JSW</keyword> Infra listed at a 20% premium of ₹143 per share versus an issue price of ₹119/share on the NSE. However, at the time of publishing, the stock had run up up 29% trading at ₹153 a share. The grey market was expecting 25% listing gains from the stock. The market cap of the company is ₹32,476.52 crore according to Bombay Stock Exchange. This is the first listing from the JSW Group in 13 years after JSW Energy in 2010. Apart from<a href="https://www.businessinsider.in/stock-market/news/yatra-online-stock-slips-below-its-issue-price-on-listing/articleshow/104005825.cms"> Yatra Online, most other stocks</a> that debuted on the exchanges recently have given positive listing gains. Here are the listing gains of the last few market debuts. Here are the listing gains of the last few market debuts: <table style="border-width: initial; border-style: none;"></colgroup><tbody><tr><td style="border-left:solid #000000 0.9999974999999999pt;border-right:solid #000000 0.9999974999999999pt;border-bottom:solid #000000 0.9999974999999999pt;border-top:solid #000000 0.9999974999999999pt;vertical-align:top;background-color:#ffffff;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Company </td><td style="border-left:solid #000000 0.9999974999999999pt;border-right:solid #000000 0.9999974999999999pt;border-bottom:solid #000000 0.9999974999999999pt;border-top:solid #000000 0.9999974999999999pt;vertical-align:top;background-color:#ffffff;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Listing gains </td></tr><tr><td style="border-left:solid #000000 0.9999974999999999pt;border-right:solid #000000 0.9999974999999999pt;border-bottom:solid #000000 0.9999974999999999pt;border-top:solid #000000 0.9999974999999999pt;vertical-align:top;background-color:#ffffff;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Yatra </td><td style="border-left:solid #000000 0.9999974999999999pt;border-right:solid #000000 0.9999974999999999pt;border-bottom:solid #000000 0.9999974999999999pt;border-top:solid #000000 0.9999974999999999pt;vertical-align:top;background-color:#ffffff;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">-4% </td></tr><tr><td style="border-left:solid #000000 0.9999974999999999pt;border-right:solid #000000 0.9999974999999999pt;border-bottom:solid #000000 0.9999974999999999pt;border-top:solid #000000 0.9999974999999999pt;vertical-align:top;background-color:#ffffff;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Signature Global </td><td style="border-left:solid #000000 0.9999974999999999pt;border-right:solid #000000 0.9999974999999999pt;border-bottom:solid #000000 0.9999974999999999pt;border-top:solid #000000 0.9999974999999999pt;vertical-align:top;background-color:#ffffff;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">18% </td></tr><tr><td style="border-left:solid #000000 0.9999974999999999pt;border-right:solid #000000 0.9999974999999999pt;border-bottom:solid #000000 0.9999974999999999pt;border-top:solid #000000 0.9999974999999999pt;vertical-align:top;background-color:#ffffff;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Sai Silks Kalamandir </td><td style="border-left:solid #000000 0.9999974999999999pt;border-right:solid #000000 0.9999974999999999pt;border-bottom:solid #000000 0.9999974999999999pt;border-top:solid #000000 0.9999974999999999pt;vertical-align:top;background-color:#ffffff;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">10% </td></tr><tr><td style="border-left:solid #000000 0.9999974999999999pt;border-right:solid #000000 0.9999974999999999pt;border-bottom:solid #000000 0.9999974999999999pt;border-top:solid #000000 0.9999974999999999pt;vertical-align:top;background-color:#ffffff;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">EMS Ltd </td><td style="border-left:solid #000000 0.9999974999999999pt;border-right:solid #000000 0.9999974999999999pt;border-bottom:solid #000000 0.9999974999999999pt;border-top:solid #000000 0.9999974999999999pt;vertical-align:top;background-color:#ffffff;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">32.58% </td></tr><tr><td style="border-left:solid #000000 0.9999974999999999pt;border-right:solid #000000 0.9999974999999999pt;border-bottom:solid #000000 0.9999974999999999pt;border-top:solid #000000 0.9999974999999999pt;vertical-align:top;background-color:#ffffff;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">R R Kabel </td><td style="border-left:solid #000000 0.9999974999999999pt;border-right:solid #000000 0.9999974999999999pt;border-bottom:solid #000000 0.9999974999999999pt;border-top:solid #000000 0.9999974999999999pt;vertical-align:top;background-color:#ffffff;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">15.6% </td></tr><tr><td style="border-left:solid #000000 0.9999974999999999pt;border-right:solid #000000 0.9999974999999999pt;border-bottom:solid #000000 0.9999974999999999pt;border-top:solid #000000 0.9999974999999999pt;vertical-align:top;background-color:#ffffff;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Jupiter Life Line Hospitals </td><td style="border-left:solid #000000 0.9999974999999999pt;border-right:solid #000000 0.9999974999999999pt;border-bottom:solid #000000 0.9999974999999999pt;border-top:solid #000000 0.9999974999999999pt;vertical-align:top;background-color:#ffffff;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">46% </td></tr><tr><td style="border-left:solid #000000 0.9999974999999999pt;border-right:solid #000000 0.9999974999999999pt;border-bottom:solid #000000 0.9999974999999999pt;border-top:solid #000000 0.9999974999999999pt;vertical-align:top;background-color:#ffffff;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Rishabh Instruments </td><td style="border-left:solid #000000 0.9999974999999999pt;border-right:solid #000000 0.9999974999999999pt;border-bottom:solid #000000 0.9999974999999999pt;border-top:solid #000000 0.9999974999999999pt;vertical-align:top;background-color:#ffffff;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">0.18% </td></tr><tr><td style="border-left:solid #000000 0.9999974999999999pt;border-right:solid #000000 0.9999974999999999pt;border-bottom:solid #000000 0.9999974999999999pt;border-top:solid #000000 0.9999974999999999pt;vertical-align:top;background-color:#ffffff;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Ratnaveer Precision Engineering </td><td style="border-left:solid #000000 0.9999974999999999pt;border-right:solid #000000 0.9999974999999999pt;border-bottom:solid #000000 0.9999974999999999pt;border-top:solid #000000 0.9999974999999999pt;vertical-align:top;background-color:#ffffff;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">37% </td></tr><tr><td style="border-left:solid #000000 0.9999974999999999pt;border-right:solid #000000 0.9999974999999999pt;border-bottom:solid #000000 0.9999974999999999pt;border-top:solid #000000 0.9999974999999999pt;vertical-align:top;background-color:#ffffff;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Vishnu Prakash R Punglia </td><td style="border-left:solid #000000 0.9999974999999999pt;border-right:solid #000000 0.9999974999999999pt;border-bottom:solid #000000 0.9999974999999999pt;border-top:solid #000000 0.9999974999999999pt;vertical-align:top;background-color:#ffffff;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">47% </td></tr><tr><td style="border-left:solid #000000 0.9999974999999999pt;border-right:solid #000000 0.9999974999999999pt;border-bottom:solid #000000 0.9999974999999999pt;border-top:solid #000000 0.9999974999999999pt;vertical-align:top;background-color:#ffffff;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Aeroflex </td><td style="border-left:solid #000000 0.9999974999999999pt;border-right:solid #000000 0.9999974999999999pt;border-bottom:solid #000000 0.9999974999999999pt;border-top:solid #000000 0.9999974999999999pt;vertical-align:top;background-color:#ffffff;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">83% </td></tr><tr><td style="border-left:solid #000000 0.9999974999999999pt;border-right:solid #000000 0.9999974999999999pt;border-bottom:solid #000000 0.9999974999999999pt;border-top:solid #000000 0.9999974999999999pt;vertical-align:top;background-color:#ffffff;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Pyramid Technoplast </td><td style="border-left:solid #000000 0.9999974999999999pt;border-right:solid #000000 0.9999974999999999pt;border-bottom:solid #000000 0.9999974999999999pt;border-top:solid #000000 0.9999974999999999pt;vertical-align:top;background-color:#ffffff;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">12% </td></tr><tr><td style="border-left:solid #000000 0.9999974999999999pt;border-right:solid #000000 0.9999974999999999pt;border-bottom:solid #000000 0.9999974999999999pt;border-top:solid #000000 0.9999974999999999pt;vertical-align:top;background-color:#ffffff;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">TVS Supply Chain </td><td style="border-left:solid #000000 0.9999974999999999pt;border-right:solid #000000 0.9999974999999999pt;border-bottom:solid #000000 0.9999974999999999pt;border-top:solid #000000 0.9999974999999999pt;vertical-align:top;background-color:#ffffff;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">5% </td></tr><tr><td style="border-left:solid #000000 0.9999974999999999pt;border-right:solid #000000 0.9999974999999999pt;border-bottom:solid #000000 0.9999974999999999pt;border-top:solid #000000 0.9999974999999999pt;vertical-align:top;background-color:#ffffff;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">SBFC </td><td style="border-left:solid #000000 0.9999974999999999pt;border-right:solid #000000 0.9999974999999999pt;border-bottom:solid #000000 0.9999974999999999pt;border-top:solid #000000 0.9999974999999999pt;vertical-align:top;background-color:#ffffff;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">43% </td></tr><tr><td style="border-left:solid #000000 0.9999974999999999pt;border-right:solid #000000 0.9999974999999999pt;border-bottom:solid #000000 0.9999974999999999pt;border-top:solid #000000 0.9999974999999999pt;vertical-align:top;background-color:#ffffff;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Concord Biotech </td><td style="border-left:solid #000000 0.9999974999999999pt;border-right:solid #000000 0.9999974999999999pt;border-bottom:solid #000000 0.9999974999999999pt;border-top:solid #000000 0.9999974999999999pt;vertical-align:top;background-color:#ffffff;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">21% </td></tr></tbody></table> JSW Infra IPO was subscribed 37X on QIB rush. The IPO which is the first from the steel to power conglomerate in 13 years, was subscribed 37 times over the shares on offer. The Qualified institutional buyers (QIBs) rushed into bid for the offer on the last day as this portion was subscribed 57 times. Retail and non-institutional investor portions received good response. The offer, unlike most others, is a completely fresh issue. The second largest private port operator in the country intends to use the proceeds to pay loans. The rest will be used towards capex to commission and expand projects, besides general corporate purposes. The offer fixed a price band of ₹113-119 per equity share. Long-term play say analysts The company expanded from one port in Mormugao in 2002 to nine ports as of June, 2023. Its ports are present in Maharashtra, Goa, Karnataka on the west coast, and Odisha and Tamil Nadu on the east coast. It also operates two port terminals under operations &amp; maintenance agreements in Fujairah Terminal and Dibba Port in the UAE. It also plans to expand its operations through brownfield and greenfield projects. It also has a third party cargo business in India and witnessed a compounded annual growth rate of 65% between FY21 to FY23. The company’s revenues and profits have been steadily growing for the last three years. Its total debt as of June 2034 is at ₹4,228 crore. “JSW Infra is well-positioned to benefit from the continued growth of the Indian economy. We think the company has diversified its cargo profile and geographical spread which have helped them to minimise the risk and ensure stability,said Prashanth Tapse, senior VP of research at Mehta Equities which recommends investors to ‘subscribe for long term’. “We like the way the company is strategically focusing on expanding its footprint in non-major ports which would help them to broaden their operations to provide fully integrated logistics solutions,”’ Tapse adds. An IPO note by Anand Rathi also says that JSW Infrastructure has strategically located assets at close proximity to JSW group customers and industrial clusters supported by a multi-modal evacuation infrastructure and predictable revenues. “At the upper price band, the company is valuing at P/E of 27x, with a marketcap of ₹2,49,900 million post issue of equity shares and return on net worth of 18.8%. We believe that valuations of the company are fairly priced and recommend a ‘subscribe-long term’ rating to the IPO,” said Anand Rathi.

JSW Infra lists at 20% premium in-line with grey market expectations

New Delhi, Adani Ports and Special Economic Zone (APSEZ) on Thursday reported 65.22 per cent rise in consolidated profit to Rs 2,208.21 crore for the third quarter ended December 2023. The country's largest integrated logistics player had clocked a profit of Rs 1,336.51 crore a year ago, according to a regulatory filing. Total income increased to Rs 7,426.95 crore in the quarter from Rs 5,051.17 crore in the year-ago period. Total expenses rose to Rs 4,588.10 crore from Rs 3,507.18 crore a year ago APSEZ CEO <keyword id="20051212" type="General" weightage="20" keywordseo="ashwani-gupta" source="keywords">Ashwani Gupta</keyword> said,"In the year when our first port, <keyword id="20127132" type="General" weightage="20" keywordseo="mundra" source="keywords">Mundra</keyword>, completed 25 years of operation, APSEZ recorded its strongest ever Q3 and 9 months performance with the highest ever revenue, EBITDA, and cargo volumes." The company is on course to overachieve its full-year guidance provided at the start of the year, he added. APSEZ in a statement said domestic cargo growth was over 2.5x India's growth rate, with nine of its domestic ports/terminals recording their highest ever cargo volumes in 9 months. Bond buy-back of USD 325 million concluded during 9 months (April-December) of FY24, which led to improvement in net debt to EBITDA to 2.5x vs 3.1x for FY23, it added. The company said it completed acquisition of Karaikal Port and sale of Myanmar asset, while Colombo terminal received financing commitment of USD 553 million from DFC. APSEZ has 7 ports and terminals on the west coast (Mundra, Tuna, Dahej, and Hazira in Gujarat, Mormugao in Goa, Dighi in Maharashtra and Vizhinjam in Kerala) and 7 ports and terminals on the East coast of India (Haldia in West Bengal, Dhamra in Odisha, Gangavaram and Krishnapatnam in <keyword id="19896313" type="General" weightage="20" keywordseo="andhra-pradesh" source="keywords">Andhra Pradesh</keyword>, Kattupalli and <keyword id="19964244" type="General" weightage="20" keywordseo="ennore" source="keywords">Ennore</keyword> in <keyword id="19896558" type="General" weightage="20" keywordseo="tamil-nadu" source="keywords">Tamil Nadu</keyword> and Karaikal in Puducherry).

You Searched For "ins mormugao" and got 4 results

New cruise terminal in Goa to boost tourism, local economy: Official

PTI

Stealth guided missile destroyer Mormugao commissioned into Indian Navy

PTI

JSW Infra lists at 20% premium in-line with grey market expectations

BI India Bureau

Adani Ports & SEZ's Q3 profit rises 65% to ₹2,208 crore

PTI

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