Adani Group initiates environmental studies for Tajpur Port

17 Aug 2023 CW Team

The Adani Group is gearing up to launch environmental studies for the establishment of the Tajpur deep sea port during the forthcoming monsoon season. The revelation was made by Adani Group's CEO (ports), Subrat Tripathi, during discussions with reporters on the sidelines of a roadshow leading up to the Global Maritime India Summit, scheduled in New Delhi from October 17 to 19, 2023.

In the midst of recent uncertainties surrounding the Adani Group, including a notable decline in the group's listed firms' value amounting to over $70 billion since a report by US short-seller Hindenburg Research flagged concerns about high debt levels, the CEO affirmed the group's commitment to the $250 bn deep sea port project in Bengal. Tripathi reiterated that funds had been allocated for the development of the Tajpur port, hinting at his discussions with senior state officials to advance the project.

Regarding the latest project status, Tripathi conveyed that the company is awaiting the Letter of Agreement (LOA) from the Bengal state government. The Bengal government is currently engaged in obtaining essential security clearances for the proposed port from ministries, including defence and others. "We have the Letter of Intent (LOI). Now, we need the LOA. Once we receive the LOA from the Bengal government, we can initiate the process for securing environmental clearances, which requires commencing studies. Our aim is to initiate these studies during the upcoming monsoon season," Tripathi explained.

Karan Adani, Director of Adani Ports and Special Economic Zones, had received the LOI for the port in the presence of Chief Minister Mamata Banerjee in October of the previous year. He later revealed that the group plans to apply for environmental clearances for the project. Despite challenges, the Adani Group remains committed to the Tajpur port's development and is actively navigating the necessary regulatory processes to ensure its realisation.

Infrastructure Urban

30 May 2026

Panasonic Showcases Connected Display Solutions

Panasonic Life Solutions India showcased its integrated display, projection, broadcast and communication technologies at Panasonic Tech Summit 2026 in New Delhi. Hosted through its System Solutions Division, the two-day event highlighted connected technology solutions for education, healthcare, retail, transportation, corporate offices and entertainment.The summit, themed ‘Turning Technology into Value’, featured experience-led zones covering QSR, retail, transit, corporate offices, healthcare, education, security, projection, home theatre and professional displays. Panasonic also introduc..

Kapsch to Deliver India’s First C-ITS Project

"Kapsch TrafficCom will deliver India’s first Cooperative Intelligent Transport Systems project on a key expressway near New Delhi. The project will be implemented with Superwave Communication And Infrasolution Limited to demonstrate how connected mobility can improve road safety and traffic efficiency.The pilot will use real-time connectivity and AI-enabled situational awareness to support road users, especially in high-risk areas such as temporary work zones. Drivers will receive alerts on roadworks, maintenance vehicles, hazardous locations, traffic queues and temporary virtual signage di..

Eurobond Net Profit Rises 44 Per Cent

Euro Panel Products, the parent company of Eurobond, reported a 44.13 per cent year-on-year rise in net profit for FY25–26. The company’s revenue from operations grew 18.91 per cent to Rs 503.20 crore, compared to Rs 423.18 crore in the previous financial year.The company’s full-year EBITDA stood at Rs 56.67 crore, marking a 31.82 per cent increase. Profit after tax rose to Rs 26.56 crore, while net worth increased 20.15 per cent to Rs 160.07 crore. Earnings per share for the year stood at Rs 10.84.Divyam Rajesh Shah, Whole Time Director and CFO, Euro Panel Products, said the company’s..