Adani's Vizhinjam Port Approved for Transshipment

Norges Bank excludes Adani Ports from government pension fund

Norway's central bank's executive board has decided to exclude three companies from its government pension fund due to ethical concerns. Norges Bank, which manages the sovereign wealth fund, announced that India's Adani Ports and Special Economic Zone, U.S. defence contractor L3Harris Technologies, and China's Weichai Power will be excluded from its investment portfolio.

Adani Ports has been excluded because of an "unacceptable risk that the company contributes to serious violations of individuals' rights in situations of war or conflict." This company, part of billionaire Gautam Adani'..

Raw Material Supply to RINL from Gangavaram Port Resumes

After a hiatus of over a month, the supply of raw materials from Adani Gangavaram Port to Rashtriya Ispat Nigam Limited (RINL) has resumed. The disruption, caused by worker agitation at the port, had severely impacted RINL?s operations, which rely heavily on coking coal to manufacture steel.

RINL, based in Andhra Pradesh and one of India's top steel producers, faced significant operational challenges due to the lack of this critical raw material. The company had sought intervention from the Andhra Pradesh government to resolve the issue and ensure the resumption of coal supplies. The p..

Ahmedabad Airport Expansion Advances

Ahmedabad?s Sardar Vallabhbhai Patel International Airport (SVPI) is undergoing a significant expansion to meet the growing passenger demand. Managed by the Adani Group, the airport plans to enhance its capacity from 8 million to 20 million passengers annually by 2025-26. This ambitious project includes the construction of a new integrated terminal and upgrades to the existing facilities.

In the current financial year, SVPI is projected to handle around 12 million passengers, highlighting the urgent need for expansion. The planned upgrades aim to address this surge, ensuring the infras..

Raw Material Supply to RINL from Gangavaram Port Resumes

After a hiatus of over a month, the supply of raw materials from Adani Gangavaram Port to Rashtriya Ispat Nigam Limited (RINL) has resumed. The disruption, caused by worker agitation at the port, had severely impacted RINL?s operations, which rely heavily on coking coal to manufacture steel.

RINL, based in Andhra Pradesh and one of India's top steel producers, faced significant operational challenges due to the lack of this critical raw material. The company had sought intervention from the Andhra Pradesh government to resolve the issue and ensure the resumption of coal supplies. The p..

Indian container cargo set to expand by 8% in FY25 amidst Red Sea crisis

CareEdge Ratings forecasts that Indian container cargo volume will experience an 8% growth, reaching 342 million tonnes (mt) in FY25. They also anticipate the risk of a prolonged Red Sea crisis. In a sectoral report, the agency mentions that the connection of the Dedicated Freight Corridor to Jawaharlal Nehru Port Trust (JNPT) in FY26, coupled with capacity expansions by ports, will likely propel the growth in container volumes in the medium term. According to the report, significant adverse movements in charter rates affecting cargo volumes, as well as vessel additions by shipping lines, will..