Despite the difficulties encountered by two major commodities for port traffic, the overall impact has been somewhat mitigated by growth in other segments of trade
All four phases are expected to be completed by 2028-29, by when Kerala Government and Adani Port will have invested a total of Rs 20,000 crore in the PPP project.
Adani Ports has incorporated a wholly-owned subsidiary company Udanvat Leasing IFSC Ltd with an authorised and paid-up share capital of Rs 2.5 crore divided into 25 lakh equity shares of Rs 10 each.
Aircraft leasing firms that commence operations from the IFSC in Gujarat International Finance Tec-City (GIFT-City) are entitled to certain exemptions and benefits.
The first ship to berth at the ₹7,525 crore deep-water international seaport will reach the state coast on October 11 and dock at Vizhinjam port on October 14
Adani Ports and Special Economic Zone (APSEZ) registered a 26 percent year-on-year (YoY) growth in September in its total cargo volumes to 32.8 million metric tonnes (MMT).
Adani Port officials said that the company remains committed to the Tajpur project and was waiting for a Letter of Agreement from the West Bengal government before it can proceed with feasibility studies and environmental clearances.