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Adani Ports and Special Economic Zone (APSEZ) has bought Krishnapatnam Port (KPCL) for a whopping Rs.135 billion, acquiring a controlling stake of 75 per cent from the later's existing shareholders.聽The acquisition is subject to regulatory approvals. For Karan Adan...

Adani Ports and Special Economic Zone (APSEZ) has bought Krishnapatnam Port (KPCL) for a whopping Rs.135 billion, acquiring a controlling stake of 75 per cent from the later's existing shareholders.聽The acquisition is subject to regulatory approvals. For Karan Adani, CEO & Whole Time Director, APSEZ, KPCL is a crown jewel to join APSEZ's string of pearls, our network of 10 economic gateways to India, and this acquisition, would accelerate our stride towards FY2025 vision of handling 400 MMT of cargo. Given the best-in-class infrastructure and the distinct hinterland catered by KPCL, this acquisition will not just increase our market share to 27 per cent but also add remarkable value to our pan-India footprint.鈥� With Adani鈥檚 experience of successfully turning around acquisitions of Dhamra and Kattupalli ports, the firm is confident of harnessing the potential of KPCL.

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Infrastructure Urban

Postal Dept Unveils Stamp Honouring 125 Years of Kodaikanal Observatory

The Department of Posts is proud to release a commemorative postage stamp celebrating 125 years of the Kodaikanal Solar Observatory (KSO). Recognising the legacy of the KSO through this special stamp is a fitting tribute to one of India鈥檚 most significant scientific institutions and highlights the nation鈥檚 long-standing contribution to global science.The Commemorative stamp was released by S Rajendra Kumar, Chief Postmaster General, Karnataka Circle in the gracious presence of A S Kiran Kumar, Chairperson, Governing Council, IIA and Former Chairman, ISRO and other esteemed guests at Indian..

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Infrastructure Urban

IIFT Sets Up First Overseas Campus and Expands Global Reach in Dubai

The Indian Institute of Foreign Trade (IIFT), an autonomous body under the Ministry of Commerce and Industry, Government of India, has announced the establishment of its first overseas campus in Dubai, United Arab Emirates. This marks a key step in expanding IIFT鈥檚 global presence and strengthening India鈥檚 engagement in international business education.This historic development has been made possible with the approvals from the Ministry of Education, and No Objection Certificates from the Ministry of External Affairs, Ministry of 亚博体育官网首页 Affairs, and the University Grants Commission. It marks..

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Infrastructure Energy

KEC International Bags Rs 11.33 Bn Transmission & Distribution Orders

KEC International, a prominent global infrastructure EPC company and a part of the RPG Group, announced that it had secured new transmission and distribution (T\&D) project orders worth Rs 11.33 billion in India. The company鈥檚 shares were expected to draw attention on Monday, May 19.The newly won orders include a significant contract from Power Grid Corporation of India (PGCIL) for the construction of a 卤800 kV HVDC transmission line along with a 765 kV GIS substation. Additionally, KEC International secured an order from a leading private developer for a 400 kV Quad transmission line.V..

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