Adani Ports Plans ?601 Million Debenture Fundraising

04 Jan 2024 CW Team

Adani Ports, a key contributor to India's maritime trade landscape, has unveiled plans to secure substantial capital through the issuance of debentures. The company is gearing up to raise an impressive ?601 million, signaling a strategic financial move to fortify its position in the ports and shipping sector. The funds procured from this venture are earmarked for financing ambitious projects, reinforcing Adani Ports' commitment to infrastructure development and expansion. This fundraising initiative comes at a crucial juncture, as the maritime industry undergoes dynamic changes and advancements. Adani Ports, with its proven track record in managing and operating ports, seeks to leverage these funds to stay at the forefront of technological innovations and logistical efficiency. The infusion of ?601 million will not only enhance the company's financial resilience but also enable it to seize emerging opportunities in the maritime domain. The debenture issuance serves as a testament to Adani Ports' confidence in its growth trajectory and the potential for further expansion in India's maritime landscape. By opting for this financial strategy, the company aims to tap into the buoyant market conditions, attracting investors keen on contributing to the evolution of the ports and shipping sector.

Real Estate

05 Sep 2025

Vitizen Hotels Signs Deal at Manyata Tech Park

Vikram Kamats Hospitality, as part of its ongoing expansion in key metropolitan markets, announced that its material subsidiary, Vitizen Hotels, has signed a long-term lease agreement for a 45-key hotel property at Manyata Tech Park, Bengaluru.Strategically located in the city’s prominent IT hub, the property is well-positioned to serve corporate travelers, business professionals, and long-stay guests. The addition aligns with the company’s asset-light growth model, leveraging long-term leases to expand its footprint in high-demand urban markets.The hotel is expected to strengthen the comp..

CONCOR Signs MoU with BPIPL to Operate Container Terminal at Bhavnagar Port

Container Corporation of India (CONCOR) has signed a Memorandum of Understanding (MoU) with Bhavnagar Port Infrastructure (BPIPL) on September 4, 2025, in New Delhi to operate and maintain the upcoming container terminal at the northside of Bhavnagar Port, Gujarat.BPIPL had earlier entered into an agreement with the Gujarat Maritime Board (GMB) in September 2024 for the port’s development. Under this arrangement, 235 hectares of land has been leased to BPIPL for 30 years, with provision for expansion by an additional 250 hectares.The new terminal is expected to significantly enhance logistic..

Concord Launches India’s First Indigenous Zero-Emission Rail Propulsion

Concord Control Systems (CCSL), a leader in embedded electronics and critical rail technologies, has announced the development of India’s first fully indigenous zero-emission propulsion system, marking a significant step toward the country’s railway electrification and net-zero goals for 2030.Powered by Lithium Iron Phosphate (LFP) batteries and featuring a DC chopper-based drive, the propulsion system eliminates idling losses common in diesel engines, offering higher efficiency, lower costs, and zero emissions.What sets this innovation apart is its completely indigenous design. Except for..