Adani Ports and Special Economic Zone (APSEZ), the biggest private port operator in India, plans to issue non-convertible debentures (NCDs) to raise ₹6,000 crore. At its meeting on Thursday, May 22, the company’s board of directors approved the issuing of NCDs in principle. The money raised by the proposed NCDs will be utilized to support […]

Continue Reading

At midnight on Sunday, a foreign cargo ship that had been stuck in the waters of Vizhinjam for a week because of an engine compressor malfunction set off. Due to a mechanical issue, the ship, MV Sira, which was traveling from Chennai to Dubai, had been stuck in the waters of Vizhinjam for the previous […]

Continue Reading

Following the May 2 dedication of the Vizhinjam International Deepwater Multipurpose Seaport to the country, Prime Minister Narendra Modi declared that India’s money would now benefit the country. India loses a lot of money because about 75% of its transhipment activities are carried out at foreign ports, such as those in Singapore, Colombo, and Dubai. […]

Continue Reading

Vizhinjam was the center of violent protests only a few years ago. Particularly among the young people in this seaside community, it is now being discussed as a sign of possibility and advancement. The Vizhinjam International Seaport was formally opened by Prime Minister Narendra Modi on Friday. The local fishing community had previously opposed the […]

Continue Reading

The Adani Ports and Special Economic Zone Ltd (APSEZ)-developed port in Thiruvananthapuram district, which was created through a public-private collaboration, is anticipated to revolutionize India’s position in global shipping and trade. It might result in yearly revenue savings of $220 million. The port has already handled about 250 cargo ships since it started operating partially […]

Continue Reading