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 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..