Collaborative Investment: Tuticorin Port Project

27 Mar 2024 CW Team

Adani Ports, in collaboration with PSA International and JSW Infrastructure, is set to embark on a significant venture in Tuticorin with an investment of Rs 7,000 crore. This ambitious project aims to enhance port infrastructure and bolster trade in the region.

The partnership between these industry giants underscores their commitment to fortifying India's maritime sector. Adani Ports, a leading port operator in India, brings its expertise in port management and operations to the table. With a proven track record of managing major ports across the country, Adani Ports is well-positioned to drive efficiency and innovation in Tuticorin.

PSA International, a global port group based in Singapore, brings its extensive experience and technological prowess to the collaboration. Renowned for its state-of-the-art container terminal solutions, PSA International's involvement promises to elevate Tuticorin's port facilities to international standards.

JSW Infrastructure, a subsidiary of JSW Group, adds its strategic vision and financial strength to the partnership. With diversified interests across various sectors, including steel, energy, and infrastructure, JSW Group's participation signals a significant vote of confidence in the Tuticorin project's potential for growth and development.

The Tuticorin project holds immense promise for the region's economy, fostering trade and employment opportunities. It is expected to bolster port capacity, facilitate smoother cargo handling, and attract more shipping traffic to Tuticorin. Additionally, the project aligns with the government's vision of boosting maritime infrastructure under the Sagarmala initiative.

By harnessing the collective strengths of Adani Ports, PSA International, and JSW Infrastructure, the Tuticorin project aims to become a beacon of progress, driving economic prosperity and transforming the port into a major trade hub on India's coastline.

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..