Adani Ports Gets Lenders' Nod For Karanja Terminal Buy

27 Apr 2026 CW Team

Adani Ports and Special Economic Zone (APSEZ) has secured approval from the Committee of Creditors to acquire Karanja Terminal & Logistics, a multi-purpose port and logistics facility in Maharashtra's Raigad district. The creditor committee, led by Prudent ARC after Canara Bank assigned the debt to the asset reconstruction company in January 2025, approved the resolution plan with 100 per cent voting support on April 14. The approval advances the proposed acquisition through the insolvency framework.

If finalised, the transaction would mark APSEZ's third port and terminal purchase under India's insolvency process, following earlier acquisitions of Dighi Port in Maharashtra and Karaikal Port in Puducherry. Both Dighi and Karanja sit strategically close to Jawaharlal Nehru Port, India's busiest container gateway by capacity, and the deal is expected to consolidate APSEZ's western India operations and provide synergies in container and bulk handling across nearby facilities.

Karanja Terminal & Logistics operates a port capable of handling vessels of up to 4,000 DWT and encompasses a modern logistics park spread across around 100 acres, including warehousing, bonded storage, cold storage and cargo value-added services. The facility's multipurpose design supports bulk, breakbulk and containerised cargo flows and offers storage and distribution capabilities that can integrate with APSEZ's existing terminal network and inland logistics operations.

Mercantile Ports and Logistics, the current parent of Karanja Terminal, has opposed the creditors' decision and intends to pursue legal remedies to regain control of the asset, asserting that it had presented a proposal to fully repay creditors that was rejected. The outcome of any legal challenge will determine the timeline for transfer, yet a completed acquisition would further strengthen APSEZ's footprint in western India and deepen its presence in the maritime infrastructure and logistics segment.

Real Estate

23 May 2026

NKN Media Taps Jacqueline Fernandez for International Property Expo

NKN Media has announced Jacqueline Fernandez as the celebrity face of its International Property Expo 2026, scheduled in New Delhi on 4–5 July. Leveraging her international presence and fashion influence, Fernandez has already promoted the expo on her Instagram, enhancing its lifestyle appeal.The collaboration highlights NKN Media’s vision to present international real estate as part of lifestyle evolution and global mobility, beyond conventional investment discussions. The expo will feature premium opportunities from leading global destinations, connecting prospective buyers with internat..

Ammann India Launches CPB36 Truck Mounted Boom Pump

Ammann India has commercially launched the CPB36 truck-mountedom pump under the Ammann Elba brand, marking its entry into the concrete boom pump segment. Manufactured in Gujarat, the CPB36 is engineered for Indian conditions, complex concrete mixes, and large-scale construction projects, ncluding metro rail, highways, airports, industrial corridors, and residential developments.The CPB36 combines German engineering with Swiss precision and offers a 35.8 m vertical reach, 32 m horizontal reach, four-arm roll fold boom, and a maximum output of 100 m³/hr. Key features include the 2000 × 230 pum..

TDI Premier League 2026 Set to Kick Off in Kundli

TDI Infrastructure is launching the inaugural TDI Premier League from 23rd May 2026 at Dheer Dhoop Sports Academy, Kundli, Sonipat. The tournament brings together ten competitive teams, including Kingsbury Knights, Espania Royals, TDI Titans, and Kundli Tigers, celebrating cricket, teamwork, and community engagement.The event features league-stage matches, knockout rounds, and a grand finale on 7th June 2026. The winning team will receive a championship trophy recognising performance, dedication, and sportsmanship. Organised as a vibrant sporting initiative, the league aims to foster employee,..