Adani's Rs.450 Bn Mundra Port Expansion Gets Green Nod

17 Jun 2024 CW Team

Adani Ports and Special Economic Zone (APSEZ) has received environmental clearance for its ambitious ?450 billion capacity expansion project at Mundra port in Gujarat. This approval marks a significant milestone in APSEZ's efforts to enhance its operational capabilities and solidify its position as a key player in India's maritime trade sector.

The expansion project at Mundra port, one of the country's largest commercial ports, aims to increase its cargo handling capacity to meet growing demand and accommodate larger vessels. The project includes the development of new berths, terminals, and supporting infrastructure to streamline operations and improve efficiency.

APSEZ's strategic expansion plan aligns with India's goal of boosting maritime infrastructure to facilitate trade and economic growth. Mundra port plays a crucial role in handling various commodities, including containers, crude oil, coal, and agricultural products, contributing significantly to India's import and export activities.

The environmental clearance, granted by the Ministry of Environment, Forest and Climate Change, underscores APSEZ's commitment to sustainable development practices. The project incorporates measures to minimise environmental impact, such as advanced pollution control technologies and adherence to stringent regulatory standards.

Upon completion, the Mundra port expansion is expected to create employment opportunities, stimulate local economies, and bolster Gujarat's industrial infrastructure. The project's scale and strategic location along the western coast of India further enhance its importance in facilitating global trade routes and enhancing connectivity.

APSEZ is poised to leverage this expansion to cater to future growth in maritime trade, supporting India's ambitions to strengthen its logistics and shipping capabilities on the global stage.

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..