Page 14 - Adani Ports

Work on Adani's Vizhinjam port to resume after fishermen suspend protests

Fisherfolk camped in a makeshift shelter at Vizhinjam, in the state of Kerala since September, have blocked vehicles and halted work on a project they blame for coastal erosion

Kerala CM makes statement on Vizhinjam; says rehabilitation top priority

A day after the months-long protest against the under-construction Vizhinjam sea port was called off here, Kerala Chief Minister Pinarayi Vijayan on Wednesday said rehabilitation of local people and protection of their livelihood are top priorities of his government while implementing development projects. The Left government has assured this in all development projects and the approach is the same in the case of Vizhinjam port as well, he said in a statement made in the Assembly under Rule 300. Noting that the government is committed to the infrastructure development of the state that lays the foundation for Kerala's sustainable economic growth, he said it is also particular about the fact that the projects should be implemented with a humane approach. He said the protest committee had decided to call off the strike during a high-level talk held here on Tuesday. The CM also informed the House about the details of the demands raised by the agitators and the decisions taken on ...

Vizhinjam makes it to Kerala Assembly; CM says rehabilitation top priory

A day after the months-long protest against the under-construction Vizhinjam sea port was called off here, Kerala Chief Minister Pinarayi Vijayan on Wednesday said rehabilitation of local people and protection of their livelihood are top priorities of his government while implementing development projects. The Left government has assured this in all development projects and the approach is the same in the case of Vizhinjam port as well, he said in a statement made in the Assembly under Rule 300. Noting that the government is committed to the infrastructure development of the state that lays the foundation for Kerala's sustainable economic growth, he said it is also particular about the fact that the projects should be implemented with a humane approach. He said the protest committee had decided to call off the strike during a high-level talk held here on Tuesday. The CM also informed the House about the details of the demands raised by the agitators and the decisions taken on ...

Vizhinjam protest against Adani port called off after 138 days

Govt has already told agitators that construction work won't be stopped, but is said to have accepted all their demands

Protest against Adani's Vizhinjam sea port in Kerala called off for now

The over 130-day-long protest by fisherfolk against the under-construction Vizhinjam sea port was on Tuesday called off for now. The calling off of the agitation was announced by Vicar General Eugene Pereira, who has been seen at the forefront of the protests. He, however, said the protest was not being called off because they were satisfied with the steps taken or promises made by the state government. It was being called off as the protest has reached a certain stage and if required, they will take it up again, Pereira told reporters here. A day ago, leaders of various religious groups in Kerala had met with the fisherfolk protesting against the under-construction Vizhinjam sea port here as part of the ongoing efforts to bring peace in the area which witnessed violent agitations recently. A large number of people have been staging demonstrations outside the main entrance of the multi-purpose seaport at nearby Mulloor for the last few months. They have been pressing their seven-

Stocks to Watch: ONGC, Oil India, Hatsun Agro, Inox Green, Indus Towers

Stocks to Watch Today: SBI too may be in focus after the PSU bank successfully raised Rs 10,000 crore via its maiden infrastructure bonds.

Kerala will proceed 'no matter what' with protest-hit Adani port: Minister

The protesters say the huge project causes coastal erosion that has undermined their livelihoods, calling for a complete halt on the construction

Chris Wood rejigs India portfolio; adds Macrotech Developers, Adani Ports

In terms of sectors, Wood remains bullish on the real estate sector and suggests the Indian realty market to be one of Asia's hottest investment bets, besides Singapore

Probe into Vizhinjam violence not reached stage to link with extremists

The Kerala police on Wednesday said that investigation has not reached a stage to suggest involvement of any extremist groups in the recent incidents of violence at Vizhinjam here. Thiruvananthapuram Range DIG R Nishanthini, who has been appointed as a special officer in charge of security arrangement and law and order in the area, also said the police was going to take stringent and legal action against those accused in the 163 cases lodged till now in connection with the anti-seaport protests and violence. Speaking to reporters here, the senior officer also said the National Investigation Agency (NIA) was not part of her meeting with officers in connection with the protests and violence at Vizhinjam, and that she cannot say whether it has sought any details or information from the Kerala police. On being asked why no one has been arrested yet in connection with the attack on the Vizhinjam police station on the night of November 27, the officer said that the investigative process w

Kerala police bans rally to support Adani port, protesters refuse to budge

Members of the Hindu United Front have vowed to walk to the port in Vizhinjam, on the southern tip of India, to pledge their support for a project they say will create jobs in the region

Adani port protests: Vizhinjam police station attacked; 12 cops injured

The local fishing community claims that the breakwater and constructions would affect their livelihood and homes

Tension deepens at Adani's Vizhinjam port after protesters stop trucks

The Adani Group attempted to move heavy vehicles into the port on Saturday following a court directive this week that construction work must resume, but protesters blocked them from entering

Ongoing protests may delay completion of Adani port in Vizhinjam in Kerala

The Kerala government's ambitious Rs 7,500 crore Vizhinjam Seaport, being developed by the Adani group in the southernmost part of the state, has been facing deadlock due to the over 100-day protest by the locals led by the leadership of the Latin Catholic Archdiocese here. Keen to finish the project as early as possible, the state government has appealed to the church authorities to end the protest as it was crucial for bringing changes to the industrial and economic sector of the country. The government claimed it has accepted almost all demands of the protesters. However, the protesters are not ready to budge, alleging the project will adversely affect the livelihood of the fishermen, coastal eco-system and the ecology of the Western Ghats due to mining of granite stones for the same. The agitators also alleged the government has not given any written assurances on their demands even after many minister-level discussions. The Vizhinjam International Transhipment Deepwater ...

Adani group's cash generation ability underappreciated, says M&G

Billionaire Gautam Adani's group has attracted a lot of scrutiny over its debt-heavy balance sheet and not enough appreciation of its cash-flow generation ability, according to M&G Investments

Stocks to Watch: Tata Motors, PB Fintech, Zomato, Archean Chemical, Metals

Stocks to Watch: Archean Chemical Industries and Five Star Business Finance will make their market debut today; Tata Motors will replace Dr Reddy's in the BSE Sensex from December 19

RIL, Tata firms top LIC's equity portfolio as insurer's valuation rises

The value of investments in Adani firms more than double in the past year

APSEZ forms JV with Gadot Chemical Terminals in Israel to buy Haifa Port

Adani Ports and Special Economic Zone (APSEZ) on Monday announced the setting up of a joint venture company with Gadot Chemical Terminals Ltd in Israel. "The company has incorporated a joint venture company with Gadot Chemical Terminals (1985) Ltd in Israel namely 'Mediterranean International Ports A.D.G.D Ltd' on November 13, 2022," APSEZ said in a BSE filing. It said Mediterranean has been incorporated as a joint venture company with Gadot Chemical Terminals (1985) Ltd for the acquisition of Haifa Port Company which currently operates Haifa Port in Israel. Adani Ports and Special Economic Zones, the flagship transportation arm of the diversified Adani group, is India's largest private ports and logistics company.

Adani to build power plants in SL, challenge China in support for Modi

Adani has been accused by some Lankan lawmakers of signing opaque port, energy deals closely tied to India's interests, something his group has always denied, saying investments meet Sri Lanka's needs

Adani Ports acquires 49.38% stake in Indian Oiltanking for Rs 1,050 cr

Adani Ports and Special Economic Zone (APSEZ) said that it has acquired a 49.38 per cent stake in Indian Oiltanking, a developer and operator of liquid storage facilities

Adani Ports acquires 49.38% stake in Indian Oiltanking for Rs 1,050 crore

Adani Ports and Special Economic Zone Ltd (APSEZ) on Wednesday said that it has acquired 49.38 per cent stake in Indian Oiltanking Ltd -- developer and operator of liquid storage facilities -- for Rs 1,050 crore. APSEZ in a statement said this agreement also includes acquisition of an additional 10 per cent equity stake in IOT Utkal Energy Services Ltd, a 71.57 per cent subsidiary of IOTL (Indiain Oiltanking Ltd). "APSEZ has entered into a definitive agreement for the acquisition of Oiltanking India GmbH's 49.38 per cent equity stake in Indian Oiltanking Ltd, which is one of India's largest developer and operator of liquid storage facilities," it said. According to the statement, the acquisition is well aligned with APSEZ's strategy of becoming the largest transport utility. The statement said over the last 26 years, IOTL has built a network of six terminals across five states with a total capacity of 2.4 Mn KL (owned capacity of 0.5 Mn KL and BOOT capacity of 1.9 Mn KL) for stora