Cochin port renovation: Govt unveils Rs 750 billion project

Toll rate freeze dampens investor sentiment

The decision of the Union government not to revise toll rates on the national highways is perceived as politically strategic but economically unsound, potentially deterring investors from engaging in the proposed sale of road assets.

The Ministry of Road Transport and Highways, with the forthcoming Lok Sabha elections in mind, has opted to delay the adjustment of toll charges on national highways. However, it is anticipated that toll rates will be increased following the elections.

According to an official familiar with the matter, international investors expressed discourageme..

AM/NS now controls Vizag Port's ore complex post security clearance

ArcelorMittal Nippon Steel India (AM/NS India) has assumed control of a 16 million tonne (mt) capacity iron terminal at state-run Visakhapatnam Port from a unit of Essar Group, after the long-pending security clearance from the Union government was received for a deal announced in 2022.

AM/NS received security clearance in early March, after which the Essar unit was relieved of its duties as the promoter/operator of the terminal. The Visakhapatnam Port Authority also collected approximately Rs 540 million in dues from the Essar unit before allowing the change in the terminal?s shareho..

Halwara Airport Nears Takeoff as March Deadline Looms

With the fresh deadline of March rapidly approaching, the much-anticipated international airport at Halwara in Ludhiana is edging closer to becoming operational, according to the latest update from the Airports Authority of India (AAI).

After a series of hurdles and missed deadlines, significant progress has been made on various fronts, bringing the project closer to fruition. The AAI has confirmed that crucial tasks have been cleared, paving the way for the airport's imminent launch.

Among the milestones achieved include the finalization of the airport's peripheral road layout..

Indian container cargo set to expand by 8% in FY25 amidst Red Sea crisis

CareEdge Ratings forecasts that Indian container cargo volume will experience an 8% growth, reaching 342 million tonnes (mt) in FY25. They also anticipate the risk of a prolonged Red Sea crisis. In a sectoral report, the agency mentions that the connection of the Dedicated Freight Corridor to Jawaharlal Nehru Port Trust (JNPT) in FY26, coupled with capacity expansions by ports, will likely propel the growth in container volumes in the medium term. According to the report, significant adverse movements in charter rates affecting cargo volumes, as well as vessel additions by shipping lines, will..

Nalanda Capital Sells Stake in Great Eastern Shipping

Nalanda Capital has divested a 1.4% stake in Great Eastern Shipping, a prominent player in the ports and shipping industry, for a total sum of Rs. 1.90 billion. This move comes amidst evolving market dynamics and reflects Nalanda Capital's strategic realignment of its investment portfolio.

The sale of shares in Great Eastern Shipping represents a calculated decision by Nalanda Capital to optimise its investment holdings and capitalise on market opportunities. The transaction, valued at Rs. 1.90 billion, underscores the investor's confidence in realising returns while maintaining flexibi..