Vizhinjam International Seaport receives its location code
PORTS & SHIPPING

Vizhinjam International Seaport receives its location code

The Vizhinjam International Seaport has achieved a significant milestone in its journey towards becoming a major transshipment hub, according to its managing company. In an update posted on Facebook, Vizhinjam International Seaport Limited (VISL) announced that the port has been allocated its location code, identified as IN NYY 1, by the Indian government on June 21, 2024. This development was also formally communicated by Kerala's Ports Minister V N Vasavan in the state Assembly on Monday. "This milestone indicates the port's preparedness to operate as a significant transshipment hub," the announcement stated. "The issuance of the new code enhances the port's logistical capabilities, facilitating increased trade and economic activity in the region." Vizhinjam International Seaport, a deep-water international port costing Rs 77 billion, is being developed under a public-private partnership model. The Adani Group is the private partner involved in the port's development, which is poised to become one of the largest ports globally upon its completion. Originally scheduled for commissioning in 2019, the project faced delays primarily due to challenges related to land acquisition.

The Vizhinjam International Seaport has achieved a significant milestone in its journey towards becoming a major transshipment hub, according to its managing company. In an update posted on Facebook, Vizhinjam International Seaport Limited (VISL) announced that the port has been allocated its location code, identified as IN NYY 1, by the Indian government on June 21, 2024. This development was also formally communicated by Kerala's Ports Minister V N Vasavan in the state Assembly on Monday. This milestone indicates the port's preparedness to operate as a significant transshipment hub, the announcement stated. The issuance of the new code enhances the port's logistical capabilities, facilitating increased trade and economic activity in the region. Vizhinjam International Seaport, a deep-water international port costing Rs 77 billion, is being developed under a public-private partnership model. The Adani Group is the private partner involved in the port's development, which is poised to become one of the largest ports globally upon its completion. Originally scheduled for commissioning in 2019, the project faced delays primarily due to challenges related to land acquisition.

Next Story
Infrastructure Urban

TBO Tek Q2 Profit Climbs 12%, Revenue Surges 26% YoY

TBO Tek Limited one of the world’s largest travel distribution platforms, reported a solid performance for Q2 FY26 with a 26 per cent year-on-year increase in revenue to Rs 5.68 billion, reflecting broad-based growth and improving profitability.The company recorded a Gross Transaction Value (GTV) of Rs 8,901 crore, up 12 per cent YoY, driven by strong performance across Europe, MEA, and APAC regions. Adjusted EBITDA before acquisition-related costs stood at Rs 1.04 billion, up 16 per cent YoY, translating into an 18.32 per cent margin compared to 16.56 per cent in Q1 FY26. Profit after tax r..

Next Story
Infrastructure Energy

Northern Graphite, Rain Carbon Secure R&D Grant for Greener Battery Materials

Northern Graphite Corporation and Rain Carbon Canada Inc, a subsidiary of Rain Carbon Inc, have jointly received up to C$860,000 (€530,000) in funding under the Canada–Germany Collaborative Industrial Research and Development Programme to develop sustainable battery anode materials.The two-year, C$2.2 million project aims to transform natural graphite processing by-products into high-performance, battery-grade anode material (BAM). Supported by the National Research Council of Canada Industrial Research Assistance Programme (NRC IRAP) and Germany’s Federal Ministry for Economic Affairs a..

Next Story
Infrastructure Urban

Antony Waste Q2 Revenue Jumps 16%; Subsidiary Wins Rs 3,200 Cr WtE Projects

Antony Waste Handling Cell Limited (AWHCL), a leading player in India’s municipal solid waste management sector, announced a 16 per cent year-on-year increase in total operating revenue to Rs 2.33 billion for Q2 FY26. The growth was driven by higher waste volumes, escalated contracts, and strong operational execution.EBITDA rose 18 per cent to Rs 570 million, with margins steady at 21.6 per cent, while profit after tax stood at Rs 173 million, up 13 per cent YoY. Revenue from Municipal Solid Waste Collection and Transportation (MSW C&T) reached Rs 1.605 billion, and MSW Processing re..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement