Vizhinjam Port to Enhance Operations

09 Dec 2024 CW Team

Vizhinjam International Seaport had acquired reach stacker cranes, which are specialised mobile cranes capable of lifting and moving containers outside the port for transportation to other parts of the country. This would allow containers to be transported to designated locations outside the yard. The Minister of Ports, V N Vasavan, stated that the reach stackers are known for their excellent manoeuvrability and high load capacity. He added that four reach stackers were required for the initial phase of operations at Vizhinjam, and that two of them had already arrived. These modern reach stackers, imported from China, would be followed by the arrival of the remaining two in the coming days. It was explained that the port typically uses ship-to-shore cranes and yard cranes for container handling. However, since these cranes cannot move containers outside the yard, mobile cranes were being brought in for this purpose. The port was gradually preparing to handle gateway and exim (cargo bound for export and import) containers and would begin moving containers out of the port to other parts of the country. The port was expected to be ready for such cargo the following month, and authorities had requested the National Highways Authority of India (NHAI) to make a temporary arrangement to facilitate easier movement for container trucks on the highway.

Real Estate

07 Jul 2026

Pecan Realty Completes Rs 1.5 Billion Transactions

Pecan Realty has recently completed four institutional transactions worth over Rs 1.5 billion over the past two years, strengthening its position as an execution-led real estate platform. The deals include resolution-led acquisitions, structured finance transactions and capital partnerships across its development portfolio.The transactions covered acquisitions through the National Company Law Tribunal process and helped provide repayment or exits to both private and public sector lenders. The company said the deals demonstrate its ability to resolve complex project situations, work with instit..

SNN Estates Expands North Bengaluru Housing Project

SNN Estates has announced an expansion of its SNN Estates Felicity residential project in North Bengaluru following strong buyer demand, with 75 per cent of the first-phase inventory sold within three days of launch.The developer will add 76 apartments in the new phase, taking the project's estimated revenue potential to around Rs 1,000 crore upon completion of Phase 2.Spread across 6.5 acres in Rachenahalli, near Manyata Tech Park, the project comprises 604 apartments in 1.5, 2, 2.5, 3 and 4 BHK configurations. The development includes a 50,000-sq-ft clubhouse with amenities such as sports co..

SCG Drives ASEAN Industrial Transformation Strategy

SCG is strengthening its focus on ASEAN as a key growth region by advancing industrial transformation, enhancing competitiveness and building resilient regional value chains. Thammasak Sethaudom, President and Chief Executive Officer, SCG, highlighted the need for industries to continuously develop capabilities, strengthen resilience and deepen regional cooperation to achieve sustainable long-term growth.SCG views ASEAN as an important growth engine alongside China, supported by favourable demographics, trade connectivity and investment flows. With ASEAN’s GDP projected to grow by around 4.7..