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The Latest Breaking News from Vizhinjam

Vijayan seeks SEBI, stock exchange intervention over Adani's proposed Vizhinjam port stake transfer

Opposition leader Pinarayi Vijayan has urged SEBI and stock exchanges to intervene in Adani Group's proposed 49% stake transfer in the Vizhinjam port project. Vijayan alleges the move violates the concession agreement with the Kerala government, which requires prior approval for such significant shareholding changes.

The Economic Times

CPI(M) alleges IAS officer's removal as Vizhinjam MD was to benefit Adani

The CPI(M) has accused the Kerala government of facilitating Adani Group's interests by removing IAS officer Divya S Iyer from the Vizhinjam port project. Leaders allege her transfer, soon after the new government took office, aimed to benefit Adani in a proposed stake sale to MSC. They demand Chief Minister…

The Economic Times

Govt approval mandatory for Adani stake transfer in Vizhinjam port: Kerala CM

Kerala Chief Minister V.D. Satheesan stated that Adani Ports requires state government approval to transfer its shares in the Vizhinjam International Seaport. This clarification follows reports of Switzerland-based MSC acquiring a 49% stake for approximately USD 1.4 billion. Satheesan emphasized that no such approval request has been received by the…

The Economic Times

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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.

The Economic Times

Adani Ports says MSC’s terminal arm TiL will invest $1.4 billion for 49% stake in Vizhinjam Port

Adani Ports has partnered with MSC Group's TiL, which will invest $1.397 billion for a 49% stake in Vizhinjam Port. This significant foreign investment aims to bolster Vizhinjam's role as a major transshipment hub in the Indian Ocean. The collaboration is expected to boost cargo volumes and enhance India's global…

The Economic Times

Adani Ports shares snap 2-day fall, rise over 1% after Goldman Sachs raises target price

Shares of Adani Ports saw an uptick on Friday after Goldman Sachs reaffirmed its ‘Buy’ rating and raised the target price to Rs 1,870. Strong cargo volume growth, recovery in thermal coal volumes, Vizhinjam hub expansion, and improving returns prompted the brokerage to upgrade earnings estimates and outlook.

The Economic Times

Union Minister Sarbananda Sonowal receives first mothership at Vizhinjam - India's first deepwater container transshipment port

Union Minister Sarbananda Sonowal received the first mothership 'MV San Fernando' marking the beginning of operation at India's first deepwater container transhipment port here today. Read further on Dynamite News:

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Vizhinjam project will accelerate development of many ports: Gurudasan

Accelerate port development for economic growth, job creation, and environmental benefits in Kerala, including Vizhinjam and Kollam ports.

The Hindu

Breakwater construction of Vizhinjam port completed, trial run by June, says Minister

The Hindu

Vizhinjam port gets ISPS certification from IMO; commercial operations likely to begin by September

The port is expected to begin the trial run of port operations in May by pressing barges loaded with containers, while officials with the Adani Group are hopeful of commencing the full-fledged commercial operations of the port by Onam.

The Hindu

Man sentenced to double life imprisonment for murder

Thiruvananthapuram court sentences man to double life imprisonment for murdering youth in Vizhinjam 11 years ago.

The Hindu

Student killed after boulders from tipper lorry falls on scooter

A college student riding a scooter was killed after a boulder fell on him from a moving tipper lorry that carries boulders to the under-construction Vizhinjam International Seaport, here on Tuesday.

The Hindu

Government withdraws cases registered in connection with Church-backed Vizhinjam agitation

The Hindu

Navy keen on using Vizhinjam port for its needs: Navy Chief

Indian Navy Chief discusses plans for Vizhinjam Seaport, BrahMos missiles, Rafale jets, and self-reliance by 2047.

The Hindu

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The Hindu

Air enclave in Thiruvananthapuram: “Coast Guard actively pursuing proposal”

Talks on with Thiruvananthapuram Airport regarding access for the enclave – which is close to the domestic terminal – to the runway.

The Hindu

Kerala Budget 2024-25| State to adopt Chinese model of development at Vizhinjam

Taking a cue from the Chinese model of development, the Kerala government on Monday announced that it will adopt the idea of special development zones conceived in China during the late 1970s to utilise the entire developmental potential of Vizhinjam International Seaport.

The Hindu

Kerala Budget 2024-25 seeks to mop up additional resources, attract investment

The State Budget for the 2024-25 fiscal presented by Kerala Finance Minister K.N. Balagopal on February 5 (Monday) sought to mop up additional resources and draw private investment in key sectors, even as it proposed Chinese-model special development zones (SDZ) for tapping the potential of the Vizhinjam seaport project and…

The Hindu

3 students drown in Vellayani lake in Kerala

Three college students drown in Vellayani lake near Vizhinjam, Kerala; bodies recovered, investigation ongoing.

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The Hindu

Kerala Seafood Cafe under Fisheries department opened at Azhakulam near Vizhinjam

Fisheries Department has opened its first restaurant serving fish dishes, ‘Kerala Seafood Cafe,’ at Azhakulam, near Vizhinjam. Minister for Fisheries Saji Cherian inaugurated the restaurant, which is run by Matsyafed

The Hindu

Vizhinjam port: trial operations for phase I to begin by April, says Minister

Vizhinjam Seaport project to begin trial operations by April 2024; 8 ship-to-shore cranes & 24 cantilever rail-mounted gantry cranes planned.

The Hindu

Resumption of crew change at Vizhinjam hinges on High Court verdict

The Hindu

Second Chinese project vessel, crew await Centre’s clearance to berth at Vizhinjam port

2nd vessel carrying container handling crane to Vizhinjam Int'l Seaport reaches off coast; awaiting clearance from Union Home Ministry; 3rd vessel expected on Nov 25, 4th on Dec 15; State facing financial crisis, request for ₹1,925 cr loan turned down; on completion, port to cater to 75% of India's container…

The Hindu

Second project cargo vessel to Vizhinjam to arrive today

The second project cargo vessel called Zhen Hua 29 carrying the container handling cranes to the under-construction Vizhinjam International Seaport is likely to arrive at the port here on Thursday.

The Hindu

Zhen Hua to leave for China from Vizhinjam today

The Hindu

Nod for Chinese technicians to come ashore at Vizhinjam violates security guidelines: Jairam Ramesh

Congress leader Jairam Ramesh alleges Centre complicit in allowing Chinese workers to disembark at Vizhinjam port, violating security guidelines. He questions why Chinese workers are being allowed to work illegally for Adani Group linked to global money-laundering networks. Home Ministry guidelines state no landing permit for nationals of Afghanistan, China,…

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