Q4FY23 Highlights
- MoU with JM Baxi – exclusive access to a jetty at JNPT – save costs for the customers – will lead to better stickiness
- LPG Expansion – will only go forward with this if contracts are in place – looking at other avenues as well like ammonia or another set of specialised tanks
- Rental Yields – expect a 5-10% increase – New tanks will start contributing from Q2
- Land at Mangalore Port – in the process of taking the land – 2-3 options lined up for what to do with this
- Cochin and Goa – Cochin capacity will return to 90+% utilisation as the significant changes are now done. Goa will remain at low levels because of the mining ban
- Chemical – Utilisation at 70-75% for FY23 – will be increasing it steadily by 4-5% each year – giving out profits now which is a good sign
Only a few people were on the call, and it ended within 30mins.
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