Motherson sumi, Joint venture

BSE listed, ( 542753) Seacoast Shipping Services Ltd, a leading company providing single window logistics services to exporters and importers, has informed BSE that it is in talks for a joint venture.Due to the Containers Shortage Global crisis, Break-Bulk Shipments Orders has drastically increased Globally. Recently, the Joint Venture process initiated by Invade Agro Group, Sub Saharan Africa based group. Invade Agro Group is in discussions with Seacoast Shipping for Break-Bulk Cargo for Fertilizers Export from India & Import of Pulses to India.Exclusively usage of Mundra Port is being looked at as Logistics Hub for shipments above 12,000 Metric Tons.The company had recently announced an excellent Q2FY22 that ended September 2021. The company has reported revenue of Rs 7201.05 Lakhs compared to Rs. 6056.45 Lakhs in the previous quarter ended June 30, 2021. Net profit surged to Rs. 587.90 Lakhs for the quarter ended September 30, 2021, as against Rs. 309.98 Lakhs in the Q1FY21. The earnings per share shot up to Rs. 1.75 from Rs. 0.92 in the Previous Quarter.The company has blue-chip clientele, including Adani Aditya Birla, Welspun, JMC Projects, etc. Looking to the Overall growth of the Company, the management is confident of achieving a similar growth in the coming quarter in FY2021-22.Seacoast is amongst the top three freight forwarders handling Agri export commodities exports in containers from Mundra port. It offers complete logistics solutions under one roof and also offers International Ship Operations of Modern Dry Bulk Vessels. Every year it carries around 5.0 million mt of bulk /and unitised cargo across the oceans. As a specialist in spot business, SeaCoast focuses fully on dry bulk logistics and Container Freight Forwarding along with Inland Road Logistics.The company offers TOTAL MULTIMODAL LOGISTICS through seam-less services from the transportation of cargo to export. It offers a one-stop solution for the oceanic transport of dry bulk cargoes worldwide. With a worldwide shortage of Containers, Sea Coast would get higher realisation whereby it would be benefitted substantially.The main role is ensuring the safe and efficient Marine transportation of commodities. Ship Chartering Charter Vessel on Time or Period for movement of cargo Worldwide, Coastal Trade, Freight Forwarding End-to-End Service Provider for Container movement, Warehousing and Transportation of FMCG product. Providing end-to-end service in FMCG products, for example, Liquid, Salt, Ceramic etc., within India, Mining and Transportation.This story is provided by PNN.will not be responsible in any way for the content of this article. (ANI/PNN)( With inputs from ANI )Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

Motherson SumiFOLLOW

Motherson sumi, Latest News

The Web Werks - Iron Mountain Data Centers (IMDC) Joint Venture, today announced the inauguration of its first greenfield data centre in Navi Mumbai, MUM-2. Iron Mountain entered into a joint venture agreement with Web Werks in 2021. ...

Samvardhana Motherson International, formerly known as Motherson Sumi Systems, on Friday approved the acquisition of 51 per cent stake ... ...

SCG International has formed a Joint Venture with Bigbloc Construction Limited to manufacture AAC Wall Panels and Blocks to meet the fast emerging demand for innovative products in the Indian construction industry. ...

With an aim to give impetus to the defence sector, India's "biggest ever" defence exhibition - DefExpo 2022 will begin in Gandhinagar, Gujarat from Tuesday. ...

Yogesh Gole Srikanth Pothapragada, an engineering graduate in Electronics and Instrumentation from Anna University, Chennai worked with Accenture Consulting ... ...

UK-based global conglomerate SRAM & MRAM Group and Malaysia-based, Petrichor Capital Group have announced that they are in the advanced level of talks for aligning their Oil and Gas trading businesses. ...

Indian global automotive components manufacturer ADVIK Hi-Tech Private Limited today announced that it has signed a Joint Venture (JV) with Australian clean energy company Pure Hydrogen Corporation Limited (ASX: PH2 or 'Pure Hydrogen'). ...

BSE listed, ( 542753) Seacoast Shipping Services Ltd, a leading company providing single window logistics services to exporters and importers, has informed BSE that it is in talks for a joint venture. ...