Adani Nears Acquisition of Shapoorji Pallonji's Gopalpur Ports in Odisha

08 Dec 2023 CW Team

The Adani Group is closing in on the acquisition of Gopalpur Ports in Odisha from Shapoorji Pallonji, a development poised to reshape the maritime landscape in the region. This strategic move underscores Adani's continued focus on bolstering its presence in the port and shipping sector, aligning with the company's broader vision for infrastructure development.

Gopalpur Ports, with its strategic location and existing infrastructure, presents a valuable addition to Adani's portfolio. The acquisition is anticipated to enhance Adani's capabilities in handling cargo and further consolidate its position as a key player in India's maritime trade.

The impending deal reflects the dynamism of the port and shipping industry, with major players strategically positioning themselves to capitalize on evolving market opportunities. As Adani navigates this acquisition, the move is expected to contribute significantly to the company's growth trajectory while also shaping the future of port operations in Odisha.

Infrastructure Energy

22 Oct 2025

KEC Secures Rs 10, 380 Mn Substation Order in Saudi Arabia

KEC International Ltd., a global infrastructure EPC major, and an RPG Group company, has secured a new order worth Rs 10,380 million for the Design, Supply and Installation of a 380 kV GIS Substation in Saudi Arabia.Vimal Kejriwal, MD & CEO, KEC International Ltd., commented, “We are delighted with the successive order wins in our T&D business. In a landmark achievement, we have secured our largest ever substation order. This prestigious order in the Middle East has widened our portfolio and strengthened our presence in the region. With this strategic win, our year-to-date or..

Central Bank of India executes first fully digital SCF deal on PSB Xchange

In a major advancement for India’s banking sector, Central Bank of India (CBI) has successfully completed the country’s first fully digital supply chain finance (SCF) transaction on PSB Xchange—a unified multi-lender platform launched by PSB Alliance. PSB Xchange is designed to connect public and private sector banks, NBFCs, and fintechs with corporates and their channel partners to facilitate supply chain finance and small business loans. The transaction marks the first time a fintech-originated corporate lead has been seamlessly processed through the PSB Xchange ecosystem. The lead fl..

Atlanta Electricals secures Rs 1,835 Mn transformer order from BNC Power

Atlanta Electricals Limited (“Atlanta”) has secured an order worth Rs 1,835 million from BNC Power Projects Ltd for the supply of extra high voltage (EHV) transformers and a bus reactor for its Pugal site. The contract includes a mix of 315 MVA, 400 KV and 100 MVA, 132 KV transformers along with a 400 KV bus reactor. The project scope encompasses design, manufacturing, testing, and supply to the project site. Deliveries will be sequenced following engineering and drawing approvals, offering multi-quarter execution visibility and ensuring a steady production run-rate. The order will be ex..