Adani to invest heavily to make Dighi port multi-cargo

18 Feb 2021 Editorial Team

Adani Ports and Special Economic Zone Ltd (APSEZ) completed the acquisition of Dighi Port Ltd (DPL) this week for Rs 705 crore. DPL will be the 12th port to join APSEZ's slew of economic gateways across the western and eastern coast of India.

The acquisition would enable APSEZ to service customers in Maharashtra, including the highly industrial areas and development in the Mumbai and Pune regions.

APSEZ aims to invest over Rs 10,000 crore to develop the port into a multi-cargo port with quality infrastructure and invest in the development of rail and road evacuation infrastructure for seamless and efficient cargo movement.

The company will strengthen and repair existing infrastructure and invest in developing facilities for the dry, container, and liquid cargo.

DPL is expected to evolve as an alternative gateway to the Jawaharlal Nehru Port Trust (JNPT) and invite and support the development of port-based industries on portland.

Make in Steel 2021

24 February

Click for event info

4th Indian Cement Review Conference 2021

17-18 March

Click for event info

The development of DPL will lead to further investments across various industries such as consumer appliances, metals, petrochemicals, energy, and chemicals business in Maharashtra.

As per the resolution plan's terms and requirements, the transfer of concession rights has also been approved by the Maharashtra Maritime Board (MMB) and APSEZ has settled the financial creditors' dues and other admitted costs and claims.

APSEZ told the media that its investment and capacity augmentation plan would be aligned with Maharashtra Government's policies for the development of ports, associated infrastructure, industrial and socio-economic development in the state.

Image: APSEZ aims to invest over Rs 10,000 crore to develop the port into a multi-cargo port .

Also read: Adani Ports market cap crosses Rs 1 trillion mark

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..