A P Anil Kumar, Revenue Minister, Kerala Thiruvananthapuram: Revenue minister A P Anil Kumar has defended chief minister V D Satheesan’s handling of the proposed share transfer in the Vizhinjam port project amid reports of differences within the Congress over the issue. Anil Kumar told reporters on Monday the govt’s official position was already made…
Thiruvananthapuram: Adani Ports and SEZ (APSEZ) CEO Ashwani Gupta has said that Adani Ports will continue to control the Vizhinjam port after the share transfer involving MSC Group is completed. Adani Group will retain the majority stake, he said in a statement.MSC Group’s subsidiary, Terminal Investment Ltd (TiL), has entered into a definitive agreement with…
Adani Ports and SEZ (APSEZ) Ltd is moving to sell 49% of its stake in Kerala’s Vizhinjam port to Switzerland-based container shipping behemoth MSC Group for around $1.4 billion (more than Rs 13,000 crore). The state government, however, has said that it was kept in the dark about the development. According to the Congress-led government…
