Adani Ports to Expand Vizhinjam with Rs 130 Billion Investment

08 May 2025 CW Team

Adani Ports and Special Economic Zone (APSEZ), the flagship company of the Adani Group and India’s largest private port operator, plans to invest Rs 130 billion in phase two of the Vizhinjam International Seaport. The project will increase cargo handling capacity from one point two million to nearly five million twenty-foot equivalent units (TEUs) by 2028.

Commissioned on May two by Prime Minister Narendra Modi, the seaport was completed at an estimated cost of Rs 88.67 billion. APSEZ managing director Karan Adani stated that the company is focusing on three major verticals—marine, logistics and agri-logistics. These include developing multi-modal logistics parks and constructing grain silos for better storage.

Vizhinjam is set to become India’s first port dedicated entirely to transshipment. Currently, seventy-five per cent of the country’s transshipment cargo is routed through foreign ports, resulting in a revenue loss of up to USD 200–220 million annually. The port aims to recapture this traffic from ports like Singapore, Colombo, Salalah and Dubai.

The company also has global ambitions, targeting South East Asia and East Africa for future expansion. It supports the India-Middle East-Europe Economic Corridor (IMEC), which is expected to reduce costs and transit times for Indian trade to Europe.

Source: The Telegraph Online, PTI

Real Estate

05 Aug 2026

CREDAI-MCHI to Host 10th Design & Construction Conference

CREDAI-MCHI will host the 10th anniversary edition of its Design & Construction Conference on August 19, 2026, at the Jio World Convention Centre in Mumbai.The event is expected to bring together more than 500 procurement leaders, construction heads, architects, consultants and senior real estate decision-makers, alongside over 50 construction and ancillary brands.The conference will feature product launches, technology showcases, knowledge sessions, strategic business-to-business networking and recognition of procurement professionals contributing to the transformation of the construction..

BorgWarner Wins Extension for High-Voltage Inverter Programmes

BorgWarner has secured a major extension of several high-volume high-voltage inverter programmes from a leading European automotive manufacturer.The contracts cover updated inverter designs for plug-in hybrid and 800V battery-electric vehicle applications. Production is scheduled to begin in 2029.Isabelle McKenzie, President and General Manager, BorgWarner PowerDrive Systems, said the programme extensions demonstrate the company’s position in power electronics and reflect the strength of its technology, in-house expertise and customer relationships.For plug-in hybrid vehicles, BorgWarner wil..

Castrol India Q2 Profit Rises 43% to Rs 3.48 bn

Castrol India reported a 43 per cent year-on-year increase in profit after tax to Rs 3.48 billion for the quarter ended June 30, 2026, supported by growth across its consumer, industrial and institutional businesses.Revenue from operations increased 25 per cent to Rs 18.71 billion during the second quarter of 2026, compared with Rs 14.97 billion in the corresponding period of 2025. EBITDA rose 41 per cent to Rs 4.94 billion from Rs 3.50 billion.Sequentially, revenue increased from Rs 15.45 billion in the first quarter of 2026, while EBITDA rose from Rs 3.29 billion. Profit after tax increased ..