Commercial Operations Begin at Vizhinjam Port

04 Dec 2024 CW Team

After a five-month trial, commercial operations began at the Vizhinjam international port. This comes after all the work for the initial phase of the port was officially completed.

Minister of ports V N Vasavan said, "Vizhinjam International Seaport Ltd, Adani Vizhinjam Port Private Ltd and agencies like the Indian Institute of Technology Madras jointly completed all procedures as per the agreement."

The minister said, "A provisional completion certificate for the first phase of construction and arrangements will be handed over on Wednesday. An independent engineer will issue the provisional completion certificate after carrying out an assessment."An official mentioned that it is technically a commencement of commercial operations. Some minor work will be completed in three months, but it will not affect the operations.

The formal commissioning was done based on the supplementary concession agreement the state govt signed with Adani Ports a few days ago. The port has already handled 70 cargo ships, including ultra-large mother ships and has managed 1,47,000 containers during its trial phase.

"The port's operation will pave the way for significant changes in Kerala's international trade. This achievement will also boost the state's economic growth," Vasavan said.

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..