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MSC-Adani deal: Vizhinjam port can generate Rs 1,410 crore EBITDA, says Axis Capital
Axis Capital expects Vizhinjam port to become a major earnings driver for Adani Ports & SEZ, estimating it could generate around Rs 1,410 crore in EBITDA after the Phase 2 expansion. The brokerage believes MSC's $1.4 billion investment strengthens volume visibility while reinforcing the port's long-term strategic and valuation potential.
Japan's JFE Steel completes ₹15,750 crore investment in JSW Steel JV
Japan's JFE Steel has completed its ₹15,750 crore investment in JSW JFE Kalinga, acquiring a 50% stake through the second tranche of the transaction and formalising joint ownership of the steel venture.
Coal India to invest $201 million in research and development by fiscal 2030
Coal India is set to invest a substantial 19 billion rupees in research and development by 2030, focusing on clean coal, net-zero technologies, and mineral recovery. The state-run miner has already committed significant funds to Indian Institutes of Technology and is overseeing numerous R&D projects. This strategic investment marks a fourfold increase in R&D expenditure for fiscal year 2025, signaling a strong commitment to innovation.
Adani Ports to sell 49% stake in Vizhinjam port to MSC's TiL for $1.4 billion
Adani Ports and Special Economic Zone will sell a 49% stake in Adani Vizhinjam Port to MSC Group's Terminal Investment Ltd. for $1.397 billion, valuing the Kerala port at $2.85 billion. The deal aims to expand capacity, boost cargo traffic and strengthen global trade connectivity, subject to approvals.
Adani Ports, MSC Expand JV As TiL To Pick 49% Stake In Vizhinjam For Record $1.4 Billion
The strategic collaboration marks the single largest foreign private investment in Indian port infrastructure.
Adani Ports says Mundi will invest $1.4 billion for 49% stake in Vizhinjam Port
Adani Ports has inked a significant deal with MSC's terminal arm, TiL, for a 49% stake in its Vizhinjam port for $1.397 billion. This strategic partnership, valued at $2.85 billion, aims to boost cargo volumes and establish Vizhinjam as a key Indian Ocean transshipment hub. The investment will be phased, with further funds allocated for port expansion, solidifying this third collaboration between the two entities.
Vedanta's Navin Agarwal bets big on rare earth magnets, sets up firm eyeing PLI
Vedanta's executive vice-chairman Navin Agarwal is betting ₹1,250 crore in his personal capacity as an initial investment in a privately held manufacturing firm that has enlisted some of the world's top experts for the business
Adani plans Changi-inspired airport cities in five states with initial ₹20,000 crore investment
Around 22 million sq. ft will be developed across Mumbai, Navi Mumbai, Ahmedabad, Lucknow, Jaipur and Guwahati.
Adani to build mini cities around six airports with ₹20,000 crore investment
Adani Airport Holdings plans to invest over ₹20,000 crore in the first phase of airport city projects across six airports, combining hotels, offices, retail, entertainment and convention centres into integrated urban hubs connected to major transport networks.
Tata Steel pumps ₹1,625 crore into Singapore arm as global investment push continues
Tata Steel has invested ₹1,625 crore in its Singapore-based subsidiary T Steel Holdings. The move is part of a larger investment programme that allows the steelmaker to invest up to $26.21 billion in the overseas unit.
Adani Group Invested Record Rs 1.5 Lakh Crore In FY26, Gautam Adani Says
The investment accounted for more than 30% of India's total new private-sector capital expenditure during the year, according to Adani.
Adani Group to invest Rs 90,000-Rs 1 lakh crore across airports in next 5 years as Mundra commercial operations take off
Adani Group plans a massive Rs 90,000-1 lakh crore investment in its airports over five years, Jeet Adani revealed. The group will aggressively bid for 11 new airports as the government opens private bidding. This expansion aims to significantly boost India's aviation economy. The launch of commercial flights from Mundra airport, connecting to Mumbai and Goa, marks a key step in transforming the region into a logistics hub.