Kerala govt., Adani Group strive to resolve differences over sale of Vizhinjam port stake

Kerala govt., Adani Group strive to resolve differences over sale of Vizhinjam port stake

APSEZ CEO says company wants to take Vizhinjam port to the next level only with the support of the Kerala and Union governments. Kerala govt. exploring the possibility of placing conditions on the stake sale as part of protecting the State’s interests

Adani assures continued control of Vizhinjam Port despite stake sale

While Terminal Investment Ltd. (TIL), the port investment arm of MSC, will acquire a 49 per cent stake and have representation on the board, APSEZ will continue to consolidate, control and manage the port as the majority shareholder

MSC will not have monopoly at Vizhinjam, officials cite Ennore port operations

Adani says MSC’s TIL won’t get an exclusive terminal at Vizhinjam Port; it will share revenue via its Rs 13,000cr stake as the port stays open to all lines.

"From 'kadal kolla' to...": BJP's Kummanam Rajasekharan slams Keralam parties on Vizhinjam port deal

Former Mizoram Governor and senior BJP leader Kummanam Rajasekharan on Monday criticised the shifting political stances of Keralam's major parties regarding the Vizhinjam International Seaport, specifically concerning the reported 49% stake transfer to the Mediterranean Shipping Company (MSC). Speaking to ANI here, he reflected on the project's decade-long history. "This Vizhinjam port issue started about 10 years back. At that time, the Oommen Chandy ministry took the initiative to sign the agreement, and on that same day, the CPI(M) condemned it as a 'kadal kolla' (sea plunder)," he said. The BJP leader alleged that the state government's policy underwent a complete reversal once Chief Minister Pinarayi Vijayan assumed office. "When Pinarayi Vijayan took charge as the Chief Minister of Keralam, they changed their policy and welcomed Adani in a meeting publicly," Rajasekharan claimed. Regarding the current move to transfer a 49% stake in the project to MSC, Rajasekharan questioned the state's resolve in protecting its interests. "The Congress government came; they wanted to have a very good relationship with Adani. They will enter into the agreement, whatever the provisions put forward by Adani. If Adani is particular or pressuring to give shares to the MSC, then the state government will agree to it," he added. The remarks from the veteran BJP leader come as the Vizhinjam port project faces renewed scrutiny over ownership transfer clauses, with political parties in the state trading allegations over past agreements and current compliance requirements. "Vizhinjam port has emerged as a premier trans-shipment hub and ramped up at an unprecedented pace, becoming the first Indian port to earn the unique distinction of crossing 2 million TEUs within 18 months of operations," said Ashwani Gupta, Whole-time Director and CEO, APSEZ. "I am delighted to expand APSEZ's long-standing partnership with MSC to Vizhinjam, as we prepare for the port's next leg of the journey. I am confident that our association will deliver enhanced supply chain efficiencies at a global scale and improve India's access to key global mature and developing markets," he added. APSEZ said that the strategic collaboration between APSEZ and MSC Group will deliver significant advantages for APSEZ, including