Adani Group forays into warehousing, announces JV with DA Group

27 Dec 2022 CW Team

Adani Ports and Special Economic Zone has entered the warehousing business. It announced the signing of a joint venture agreement between its subsidiary, Adani Logistics, and DA Group and its affiliates.

According to a statement issued with stock exchanges, the joint venture is a 50:50 collaboration that will develop and operate logistics and warehousing parks in Ahmedabad and Kolkata.

Adani Logistics will name three directors to its board of directors, while DA Group will send two to the joint venture.

Earlier this year, the Adani group and its Israeli partner Gadot won the contest to privatise Israel's Haifa Port. In this sense, the awarding of a tender to privatise Haifa Port, a critical asset for Israel, to an Indian company is a "great, beautiful signal," according to Israel's Ambassador to India Naor Gilon, who also underlined that the two nations have excellent bilateral relations

Adani Ports and Special Economic Zone (APSEZ) and Israel's Gadot Group won the tender to privatise the Port of Haifa, Israel's second largest port, in July, despite intense competition from local and foreign competitors.

Through the winning bid, the Adani-Gadot consortium has secured the rights to buy 100 per cent shares of Haifa Port Company. The concession period of the Port of Haifa remains up to 2054.

Suraj Estate Wins Euromoney Award for India’s Best Residential Developer

"Suraj Estate Developers Limited has received the Euromoney Real Estate Award 2025 for ‘India’s Best Residential Developer’, positioning the company among globally benchmarked leaders in the sector. The recognition reflects its four-decade legacy in delivering high-quality residential and redevelopment-led projects across South Central Mumbai. The Euromoney Real Estate Awards, presented by the London-based Euromoney magazine, are widely regarded as one of the most credible global assessments of performance in real estate, banking and finance. Winners are selected through surveys of inte..

Lloyds Metals, Tata Steel Sign MoU to Explore Strategic Collaboration

"Lloyds Metals and Energy Limited has signed a non-binding Memorandum of Understanding with Tata Steel Limited to evaluate potential areas of strategic cooperation across mining, logistics, pelletisation and steelmaking. The MoU was signed by B Prabhakaran, Managing Director of Lloyds Metals, and Mr T V Narendran, CEO and Managing Director of Tata Steel. The partnership framework aims to leverage the natural operational synergies between both companies and assess opportunities in greenfield steel projects, iron ore mining, slurry pipeline infrastructure, pellet manufacturing in iron ore–ric..

IndiaAI, Gujarat Govt Host Regional Conclave Ahead of 2026 AI Summit

The IndiaAI Mission under the Ministry of Electronics and Information Technology, along with the Government of Gujarat and IIT Gandhinagar, convened a Regional Pre-Summit Event at Mahatma Mandir, Gandhinagar. The initiative is part of the build-up to the India–AI Impact Summit 2026, scheduled for 15–20 February 2026 at Bharat Mandapam, New Delhi. The conclave brought together senior policymakers, technology leaders, researchers and industry practitioners to examine how AI can accelerate economic, digital and social transformation across sectors. The programme focused on the overarching th..