Adani Ports & SEZ Ltd plans a ₹13,000 crore investment to expand the Vizhinjam International Deepwater Seaport. Prime Minister Modi inaugurated the project, with the second phase set for completion by 2028. The expansion will increase capacity from 1 million to 5 million TEUs, enhancing India’s maritime capabilities significantly.
Adani Ports and SEZ Ltd has revealed plans to acquire a coal export terminal in Australia for $2.4 billion. The acquisition of Abbot Point Port Holdings Pte Ltd will enhance its foothold in the Asia-Pacific region. With a capacity of 50 million tonnes per annum, this move aligns with the company’s global growth strategy.
Adani Ports and Special Economic Zone Ltd (APSEZ) achieved a record-breaking monthly cargo volume of 39.9 million metric tonnes in January, with notable growth in containers and liquids/gas. Mundra Port, a key facility under APSEZ, set national records in cargo handling, highlighting its position as a leading global port and vital contributor to India’s economy.
Adani Ports and Special Economic Zone (APSEZ) has awarded Cochin Shipyard in India a contract to build eight harbour tugs, slated for delivery by May 2028. These tugs will improve vessel operations in Indian ports. With a total of 13 tugs in the pipeline, APSEZ emphasizes its commitment to enhancing maritime infrastructure and port efficiency.
Kerala’s Chief Minister, Pinarayi Vijayan, announced a significant update on the Vizhinjam Port project, extending its completion to December 2024. With plans to expand capacity to 30 lakh TEU by 2028, the project is crucial for Kerala’s economic growth. Stakeholders must meet deadlines to avoid financial penalties and fulfill the state’s vision.
APSEZ has been awarded a rating by CDP based on emissions reduction, climate policy, supplier engagement, Scope 3 emissions, and risk management processes. CEO Ashwini Gupta aims to achieve a net zero commitment by 2040 through renewable capacity expansion and greening transportation. Sustainalytics also recognizes APSEZ as having negligible ESG risks.
Sonowal makes strong pitch for ‘India Growth Story’ at Global Investor Summit in Andhra Pradesh 05 Mar 2023Union Minister Sarbananda…
India: World’s first CNG port to come up in Bhavnagar 25 Sep 2022World’s first CNG import terminal will come up…
Following Stories compiled in this News Digest for the week from 17 Apr 2022 to 24 Apr 2022 in descending…
