
Close to year after commissioning, Vizhinjam leads in south, east zones, ranks third at national level
The port, which began limited-scale commercial operations during the five-month trial period that began on July 12, 2024 and subsequently the full-fledged commercial operations on December 3, has been redefining the maritime business from the south shortly after its commissioning. According to the closing volume of Indian private ports in the south and east zones in June, Vizhinjam Port is way ahead of other ports, although closely followed by Chennai International Port with 82,829 TEU and Cochin Port with 81,007.
According to sources in the port, the full-fledged commercial operation of the Vizhinjam port also benefited the Cochin port due to the spillover effect. The port, which recently received environmental clearance from the Ministry of Environment and Forests, will scale up its capacity by setting up additional infrastructure facilities as part of the second and third phases of development. The port concessionaire, Adani Vizhinjam Ports Private Ltd. (AVPPL), will invest around ₹10,000 crore as part of the expansion of the transshipment port.
Upon completion of the second and third phases, the port will see the container handling capacity increased to 30 lakh TEUs (twenty-foot equivalent units) from the 10 lakh TEUs in Phase I. Through the use of automated systems, the capacity of the port can also be increased to 45 lakhs TEUs containers per year.
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
&w=3840&q=100)

Business Standard
27 minutes ago
- Business Standard
Endurance Technologies share rises 5% after Q1 results; key numbers here
Endurance Technologies share price: Endurance Technologies shares were in demand in a volatile session, with the scrip rising up to 5.25 per cent to an intraday high of ₹2,663.95 per share on Thursday, August 14, 2025. Around 1:20 PM, Endurance Technologies shares were trading 3.04 per cent higher at ₹2,607.85 per share. In comparison, BSE Sensex was trading 0.17 per cent higher at 80,673.12 levels. Why did Endurance Technologies share price rise today? Endurance Technologies share price rose on the back of a strong result in the June quarter of financial year 2026 (Q1FY26). The company's consolidated total income, including other income, rose 17.3 per cent year-on-year (Y-o-Y) to ₹3,354.5 crore from ₹2,859.4 crore in Q1FY25. Ebitda increased 17.5 per cent to ₹479.5 crore, maintaining a stable margin of 14.3 per cent versus 14.3 per cent last year. Profit before tax (PBT) grew 12.5 per cent Y-o-Y to ₹301.6 crore, both before and after exceptional items. Profit after tax (PAT) before minority interest rose 11 per cent to ₹226.4 crore, with the PAT margin slightly declining to 6.7 per cent from 7.1 per cent in the same quarter last year. Anurang Jain, managing director of the company said, "Two-wheeler sales volumes of Indian OEMs in Q1FY26 stood at 5.8 million units, a Y-o-Y decline of 1.6 per cent. Our standalone business topline has again fared better with a growth of 10.1 per cent. Our European operations topline has grown 28.5 per cent in Euro terms. Even if we remove the impact of the Stoferle acquisition, our Total Income grew 0.6 per cent despite the European new car registrations declining 1.8 per cent.' Jain added, 'Businesses worldwide are currently facing uncertainties with regard to trade barriers, rare earth magnet supplies, inflation and end-user demand. Very recently, challenges faced included the pandemic, wars, chip shortages and energy price hikes. Individual businesses like ours cannot change the course of these events. We instead focus on building strength and diversity in our own business. Today, we serve multiple OEMs across India and Europe. Our products go into ICE and electric vehicles. In India, we are strong in 2-wheeler and 3-wheeler end use, and are focused on growing our presence in the 4-wheeler segment, which is already our area of strength in Europe. We are also adding new products to our portfolio. While the markets look indecisive, we have maintained a sharp focus on ensuring that we remain on the path of profitable growth. Our overseas subsidiary has completed the acquisition of Stoferle entities. In India, we are in different stages of planning and construction of five manufacturing facilities - Shendra Castings, Bidkin Alloy Wheels, Battery Pack, Brakes expansion and Forgings expansion. The recent announcement mandating Anti-Lock Braking systems in all 2-wheelers provides further tailwind to our growth plans." About Endurance Technologies Endurance Technologies is among the leading automotive component manufacturers with a strong presence in India and Europe (Italy and Germany). In India, it primarily serves two- and three-wheeler OEMs, offering a wide range of products including aluminium castings, suspensions, transmissions, braking systems, and battery management solutions. In Europe, the company supplies aluminium castings to four-wheeler OEMs and supports the two-wheeler aftermarket. As a full-service solutions provider, Endurance partners with customers across the entire product lifecycle – from concept to end-user delivery – and also caters to the replacement market. The company operates 33 plants globally, with 19 in India, five in Germany, and nine in Italy, supported by an in-house tool room, a 29-acre proving ground, five DSIR-approved R&D facilities in India, and two technical centres in Italy.
&w=3840&q=100)

Business Standard
27 minutes ago
- Business Standard
G R Infraprojects rises 2% on winning bid for transmission system in MP
G R Infraprojects shares rose 2.1 per cent on Wednesday, August 14, 2025, logging an intra-day high at ₹1,265.15 per share on BSE. At 12:24 PM, G R Infraprojects share price was trading 1.99 per cent higher at ₹1,262.8 per share. In comparison, the Sensex was 0.16 per cent higher at 80,664.98. Why were G R Infraprojects shares in demand? The buying on the counter came after the company emerged as L-1 bidder for establishing a transmission system for the evacuation of power from renewable energy (RE) Projects in Rajgarh (1500 MW) SEZ in Madhya Pradesh-Phase III and the evacuation of power from RE Projects in Neemuch (1000 MW) SEZ in Madhya Pradesh-Phase II. "We are pleased to inform you that our company has emerged as L-1 bidder for establishing 'Transmission system for Evacuation of Power from RE Projects in Rajgarh (1500 MW) SEZ in Madhya Pradesh-Phase III and Evacuation of Power from RE Projects in Neemuch (1000 MW) SEZ in Madhya Pradesh-Phase II, through tariff-based competitive bidding (TBCB)," the filing read. The annual transmission charges are estimated at ₹367 crore, and the project has to be completed within 24 months from the special purpose vehicle (SPV) acquisition. Thereafter, the company will handle operation and maintenance (O&M) of the project for 35 years. Main components of the contract include: Establishment of 2x500 MVA, 400/220 kV substation at Handiya with bus reactors. New 220 kV bus section and transformer capacity augmentation at Neemuch. Construction of line bays for RE interconnection at Neemuch and Pachora. Installation of bus reactors and switchable line reactors at various substations. Construction of multiple 400 kV double circuit transmission lines with associated equipment. About G R Infraprojects G R Infraprojects Limited (GRIL) is a leading Indian infrastructure construction company with over 25 years of experience, primarily specialising in the development of roads and highways. It follows an integrated project execution model, managing every phase from conceptualisation to completion, and is actively involved in Engineering, Procurement and Construction (EPC), as well as Build-Operate-Transfer (BOT) and Hybrid Annuity Model (HAM) projects. While the company's core strength lies in road infrastructure, designing and constructing highways, bridges, culverts, flyovers, and overbridges, it has also diversified into railway, metro, airport runway, and power transmission projects.

Hindustan Times
27 minutes ago
- Hindustan Times
Auto sales in July 2025: Exports save the day as local car sales enter slow lane
Car sales in India entered the slow lane in July 2025, only to be propped up by higher exports. The demand at dealerships is muted still. WagonR hatchbacks are seen parked at the manufacturing plant of Maruti Suzuki in Manesar. India's largest carmaker continues to restrict new car dispatches to dealerships amid a slump in demand and a rise in unsold inventory.(REUTERS) Indian carmakers shipped 3,40,772 units to dealerships last month as against 3,41,510 units in the year-ago period—registering a decline of 0.2%, according to wholesale data released by the Society of Indian Automobile Manufacturers on Thursday. Exports rose 8.7% year-on-year to 67,292 units during the same time. That compares with 3,98,071 cars produced last month. Essentially, at 4,08,064 units, local car sales and exports outstripped monthly production. 'All vehicle segments posted stable performance in July 2025, though overall sentiments in the passenger vehicles segment has remained subdued so far,' SIAM's Director General Rajesh Menon said in a statement. To be sure, SIAM's auto sales data isn't an indicator of demand on the ground but of how much inventory they stock at dealerships. In reality, the decline is steeper. Retail car sales—calculated as the number of vehicle registrations on the government's VAHAN portal—fell 0.81% year-on-year to 2,97,722 units in July 2025, according to data from the Federation of Automobile Dealers Associations. That's a yawning gap of 43,050 units between demand and supply. 'The Aashaada period and auspicious delivery days, combined with targeted schemes, new-model introductions and aggressive rural marketing, powered hinterland sales that picked up decisively towards month-end,' FADA President CS Vigneshwar said in a 7 August statement. 'Urban demand, however, remained muted due to low enquiry and restrained customer sentiment.' 'With inventory levels steady at around 55 days, calibrated discounting, streamlined finance facilitation and intensified urban outreach will be crucial for festive-season growth.'