Haifa Port to be purchased by APSEZ and Gadot Chemical Terminals JV

16 Nov 2022 CW Team

Gadot Chemical Terminals Ltd. and Adani Ports and Special Economic Zone (APSEZ) announced the formation of a joint venture firm in Israel.

"The company has incorporated a joint venture company with Gadot Chemical Terminals (1985) Ltd in Israel namely 'Mediterranean International Ports A.D.G.D Ltd' on November 13, 2022," APSEZ said in a BSE filing.

According to the statement, Mediterranean has formed a joint venture company with Gadot Chemical Terminals (1985) Ltd for the purpose of purchasing the Haifa Port Company, which is currently in charge of running Haifa Port in Israel.

The diversified Adani group's flagship transportation division, Adani Ports and Special Economic Zones, is the biggest private port and logistics company in India.

Equipment

12 Dec 2025

Schwing Stetter India Unveils New Innovations at Excon 2025

Schwing Stetter India unveiled more than 20 new machines at Excon 2025, marking one of its most significant showcases and introducing several India-first technologies to the construction equipment sector. The company launched the country’s first 56-metre boom pump designed and manufactured in India, the first fully electric truck mixer, the first CNG mixer variant and the first hybrid boom pump. Executives said the launch portfolio was engineered to support India’s move toward faster, greener and more vertically oriented infrastructure through advanced engineering, clean-energy solutions a..

SEPC Resolves Hindustan Copper Dispute, Wins Rs 725 Mn Order

Engineering, procurement and construction firm SEPC Ltd has recently settled a dispute with Hindustan Copper Ltd (HCL) and secured a mining infrastructure order valued at Rs 725 million from the state-owned company. SEPC informed the stock exchanges that it has executed a settlement deed with HCL, bringing closure to all inter-se claims and counterclaims arising from arbitration proceedings. As part of the settlement, SEPC will receive Rs 304.5 million as full and final payment, marking the resolution of all pending disputes between the two entities. The company also stated that Hindustan Co..

20% Ethanol Blending Cuts India’s CO2 Emissions by 73.6 Mn Tonnes

Union Road Transport and Highways Minister Nitin Gadkari recently said that India has reduced carbon dioxide emissions by 73.6 million metric tonnes due to the adoption of 20 per cent ethanol blending in petrol. He made the statement while replying to supplementary questions during the Question Hour in the Lok Sabha. Describing ethanol as a green fuel, the minister said it plays a key role in reducing pollution while also supporting higher incomes for farmers. He underlined that ethanol blending contributes both to environmental sustainability and rural economic growth. Nitin Gadkari also po..