Adani Ports, JSW to Ink Odisha Port Deals Worth Rs 180 Bn

30 Jun 2025 CW Team

Adani Ports and Special Economic Zone (APSEZ) and JSW Infrastructure are preparing to sign agreements with the Odisha government for the development of Gopalpur and Jatadhar Muhan ports, involving a total investment of approximately Rs 180 billion. These projects are expected to play a key role in strengthening Odisha’s industrial infrastructure, enhancing employment opportunities, and advancing the state's ambition to become a major logistics and industrial hub on India’s eastern coast.

APSEZ, India’s largest private port operator, plans to invest around Rs 15,000 crore in the development of Gopalpur Port. This follows its acquisition of a majority stake in Gopalpur Ports (GPL) from the Shapoorji Pallonji Group. The company is set to submit a comprehensive master plan to the state government to transform Gopalpur into a major port facility.

Strategically located between Paradip and Visakhapatnam, Gopalpur Port benefits from connectivity via National Highway 16 and a railway line that links to the Chennai–Howrah mainline. This positioning complements APSEZ’s existing operations at Dhamra and Gangavaram ports.

Gopalpur Port is a deep-water, multi-cargo facility with a current handling capacity of 20 million tonnes. It primarily manages dry bulk cargo, including iron ore, coal, and alumina. The port operates under a 30-year concession agreement with the Odisha government and follows a revenue-sharing model, contributing 7.5% of its revenue to the state.

News source: Projects Today

Infrastructure Urban

06 Apr 2026

InsideFPV Delivers ₹10 Crore Kamikaze Drone Order Under MoD’s EPR Route

InsideFPV, a Surat-based drone technology manufacturer, has successfully executed a ₹10 crore defence contract to supply indigenous kamikaze drones under the Ministry of Defence’s Emergency Procurement Route (EPR). The company completed the delivery of hundreds of FPV kamikaze drone platforms within a rapid two-month timeframe, highlighting its ability to meet urgent military procurement timelines.The supply orders were fulfilled under the emergency procurement mechanism, which is aimed at fast-tracking acquisitions for immediate operational needs. InsideFPV’s quick execution reflects it..

Vedanta Resources Secures Fitch Upgrade to ‘BB-’, Best Rating Since 2015

Vedanta Resources Limited (VRL), a global player in metals, oil & gas, critical minerals, power and technology, has received a credit rating upgrade from Fitch Ratings, marking its strongest bond rating in over a decade.Fitch has raised Vedanta Resources’ Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘BB-’ from ‘B+’, while maintaining a Stable Outlook. The agency also upgraded VRL’s senior unsecured rating, along with the ratings of US dollar-denominated bonds issued by Vedanta Resources Finance II Plc and guaranteed by VRL, to ‘BB-’.The upgrade represents Vedan..

NAREDCO NextGen NCR Chapter Launched

The NAREDCO NextGen NCR Chapter was recently launched at Excelerate 2026 in Mumbai, marking a key step towards integrating emerging real estate leaders from the National Capital Region with the national platform. The initiative aims to promote sustainable and responsible urban development through collaboration and knowledge exchange.The event brought together young developers, entrepreneurs, and professionals from across NCR, including Noida, Gurugram, Ghaziabad, Faridabad, Bhiwadi, and Meerut. Discussions focused on urban development, finance, sustainability, innovation, and policy, emphasisi..