Mediterranean shipping company acquires 49 stake-n-adani ennore terminal

18 Dec 2023 CW Team

In a strategic move, the Mediterranean Shipping Company (MSC) arm has successfully acquired a 49 per cent stake in Adani's Ennore Terminal through a significant investment of Rs 2.47 billion. This transaction not only strengthens the partnership between the two entities but also signifies the growing importance of the Ennore Terminal in the maritime and shipping landscape.

The acquisition reflects MSC's confidence in the potential of Adani's Ennore Terminal as a key player in the port and shipping sector. The Rs 2.47 billion deal is anticipated to contribute to the terminal's expansion, infrastructure development, and overall operational efficiency.

Adani's Ennore Terminal, located strategically on the east coast of India, is well-positioned to facilitate trade and commerce. MSC's investment not only augments the financial robustness of the terminal but also fosters collaboration between two major players in the global shipping industry.

This strategic partnership is expected to unlock new opportunities for growth and innovation in the maritime sector, aligning with India's ambitions to enhance port infrastructure and promote seamless trade. The acquisition of a significant stake by MSC underscores the attractiveness of Ennore Terminal as a valuable asset in the evolving landscape of ports and shipping in India.

Products

06 Oct 2025

TOTO India Launches Premium G & L Showers with Sleek Faucet Range

TOTO India has launched its G Shower and L Shower series, alongside an expanded range of GT, LH, and Pull-Out lavatory faucets. The collection blends advanced technology, refined aesthetics, and everyday comfort, staying true to TOTO’s philosophy of creating spaces that are both beautiful and functional. The G Shower series delivers the 3Rs of showering: Relaxing, Refreshing, and Revitalizing. Features include the Calming Shawl spray mode, Warm Spa technology, and multiple overhead and hand-shower options across eight finishes. The L Shower complements this with easy-to-use controls sui..

Hero Future Energies Secures Funding for 120 MW Hybrid Project

Hero Future Energies (HFE), through its SPV Clean Renewable Energy Hybrid Three, has secured Rs 19.08 billion in funding from the State Bank of India (lead) and Canara Bank. The funds will be used to develop and construct HFE’s 120 MW renewable energy hybrid project at Kurnool, Andhra Pradesh. The project, contracted with SJVN, integrates wind, solar, and storage technologies to deliver reliable peak power. With a 21-year repayment period, the funding ensures timely execution and the commencement of commercial operations. The financial closure demonstrates continued lender confidence in..

IOC GPS Renewables Raises Rs 8.36 billion Debt for Compressed Biogas Plants

IOC GPS Renewables Private Limited (IGRPL), a joint venture between IndianOil Corporation and GPS Renewables, has raised Rs 8.36 billion (approx. US$ 95 million) in debt financing from Indian Bank to execute nine Compressed Biogas (CBG) projects across India. The funding is the largest single-bank debt raise in the CBG sector and the first fully non-recourse financing in India for these projects. The plants—four in Haryana, three in Uttar Pradesh, one each in Chhattisgarh and Andhra Pradesh—will each produce 15 tonnes of CBG per day using paddy straw as feedstock. All nin..