T’puram: Chief minister V D Satheesan said that the state govt so far has spent Rs 3,764.54 crore on the Vizhinjam port project.In response to a written question from opposition MLAs in the state legislature, Satheesan said that in the first phase the Centre invested Rs 817.80 crore and Adani Ports has invested Rs 2,554…
A vessel at Vizhinjam port Thiruvananthapuram: The concern that Vizhinjam port will turn into a monopoly of Mediterranean Shipping Company (MSC) due to the company’s Rs 13,000-crore investment is misplaced because the port will remain a common utility like Adani Ennore Port.MSC Group’s subsidiary Terminal Investment Ltd (TIL) bought a 49% stake in Adani Ennore…
T’puram: Adani Ports and SEZ Ltd will submit a detailed letter to state govt explaining the terms and conditions under which MSC Group acquired a 49% stake in Adani Vizhinjam Port Ltd. The Switzerland-based company, through its port operating and terminal management subsidiary TIL, had acquired a 49% stake in Adani Vizhinjam Port Pvt Ltd…
