Sunday 06 04 2025 03:45:46 PM

Office Address

123/A, Miranda City Likaoli Prikano, Dope

Phone Number

+0989 7876 9865 9

+(090) 8765 86543 85

Email Address

info@example.com

example.mail@hum.com

Adani to invest Rs 10,000 crore in Vizhinjam port in Kerala: Report
Billionaire Gautam Adani-led Adani Ports and Special Economic Zone (APSEZ) is reportedly planning to ramp up its investment to Rs 10,000 crore or $1.2 billion to boost its transshipment container port in southern India.
Dr.G.R.Balakrishnan Jul 13 2024 Indian Ports News

Adani to invest Rs 10,000 crore in Vizhinjam port in Kerala: Report

Adani is eyeing bringing in some of the world’s largest ships to the port. 

According to a report in Bloomberg, this investment, first-of-its-kind in Vizhinjam port in Kerala, is part of the second phase of the project, expected to finish by 2028. It is wooing the biggest container lines such as MSC Mediterranean Shipping Co, AP Moller - Maersk A/S, and Hapag-Lloyd to call in at the port. 

Meanwhile, Shares of Adani Ports edged lower on Thursday. The stock settled at Rs 1,484.55 on BSE, down 0.19 per cent. The Adani group stock has climbed 41.65 per cent year-to-date and 105.02 per cent in the past one year.

The port welcomed ‘San Fernando’, Maersk’s vessel, with over 2,000 containers. The ship was welcomed with the traditional water salute, after which she was berthed successfully. 

“Historic Day as Vizhinjam welcomes its 1st container vessel! This milestone marks India's entry into global transshipment and ushers in a new era in India's maritime logistics, positioning Vizhinjam as a key player in global trade routes. Jai Hind!” said Adani on social media.

Related News