Mediterranean shipping company acquires 49 stake-n-adani ennore terminal
PORTS & SHIPPING

Mediterranean shipping company acquires 49 stake-n-adani ennore terminal

In a strategic move, the Mediterranean Shipping Company (MSC) arm has successfully acquired a 49 per cent stake in Adani's Ennore Terminal through a significant investment of Rs 2.47 billion. This transaction not only strengthens the partnership between the two entities but also signifies the growing importance of the Ennore Terminal in the maritime and shipping landscape.

The acquisition reflects MSC's confidence in the potential of Adani's Ennore Terminal as a key player in the port and shipping sector. The Rs 2.47 billion deal is anticipated to contribute to the terminal's expansion, infrastructure development, and overall operational efficiency.

Adani's Ennore Terminal, located strategically on the east coast of India, is well-positioned to facilitate trade and commerce. MSC's investment not only augments the financial robustness of the terminal but also fosters collaboration between two major players in the global shipping industry.

This strategic partnership is expected to unlock new opportunities for growth and innovation in the maritime sector, aligning with India's ambitions to enhance port infrastructure and promote seamless trade. The acquisition of a significant stake by MSC underscores the attractiveness of Ennore Terminal as a valuable asset in the evolving landscape of ports and shipping in India.

In a strategic move, the Mediterranean Shipping Company (MSC) arm has successfully acquired a 49 per cent stake in Adani's Ennore Terminal through a significant investment of Rs 2.47 billion. This transaction not only strengthens the partnership between the two entities but also signifies the growing importance of the Ennore Terminal in the maritime and shipping landscape. The acquisition reflects MSC's confidence in the potential of Adani's Ennore Terminal as a key player in the port and shipping sector. The Rs 2.47 billion deal is anticipated to contribute to the terminal's expansion, infrastructure development, and overall operational efficiency. Adani's Ennore Terminal, located strategically on the east coast of India, is well-positioned to facilitate trade and commerce. MSC's investment not only augments the financial robustness of the terminal but also fosters collaboration between two major players in the global shipping industry. This strategic partnership is expected to unlock new opportunities for growth and innovation in the maritime sector, aligning with India's ambitions to enhance port infrastructure and promote seamless trade. The acquisition of a significant stake by MSC underscores the attractiveness of Ennore Terminal as a valuable asset in the evolving landscape of ports and shipping in India.

Next Story
Resources

Madhya Pradesh Champions Inclusive Tourism at Heritage Sites

On the occasion of World Heritage Day, Madhya Pradesh is taking a significant step toward inclusive tourism by making its historical sites accessible to all — especially persons with disabilities. The state is rolling out its ‘Accessibility Infrastructure and Development’ project at Maheshwar, Mandu, Dhar, and Orchha, aiming to create a more welcoming experience at these iconic cultural destinations.The initiative, under the leadership of Chief Minister Dr Mohan Yadav and Tourism Minister Shri Dharmendra Bhav Singh Lodhi, includes infrastructure upgrades such as ramps, Braille signage, w..

Next Story
Resources

Runwal Realty Onboards Sonam Kapoor as Brand Ambassador

Real estate major Runwal has unveiled a refreshed identity as Runwal Realty, signalling a renewed commitment to crafting spaces that stand the test of time. With this refresh, the brand unveils its new philosophy: “Building for Generations to Come” and welcomes Bollywood star and global fashion icon Sonam Kapoor as its brand ambassador. This evolved identity reflects Runwal Realty’s commitment to creating not just homes, but heirlooms—crafted through visionary design, meticulous planning, global design expertise and an unwavering focus on quality. With the customer at its core, each de..

Next Story
Infrastructure Urban

Emerging Trends in Infrastructure and Transport 2025: KPMG

KPMG’s latest report, The Great Reset: Emerging Trends in Infrastructure and Transport 2025 edition, sheds light on the profound changes transforming the global infrastructure landscape. As industries adapt to the challenges posed by climate change, economic pressures, and technological advancements, the report identifies key trends and provides actionable insights for leaders in infrastructure and transport sectors. “In today’s interconnected world, the lack of standardized supply chain practices is not just an operational challenge—it’s an environmental and economic one. We’..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?