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Business Standard

Shipbuilders from Japan, Korea keen to invest here: Sarbananda Sonowal

Sonowal says coastal states to soon have own shipbuilding policies

The Economic Times

Keel laid for India's largest dredger at Cochin Shipyard

Cochin Shipyard Limited has laid the keel for India's largest dredger, DCI Dredge Godavari, with a hopper capacity of 12,000 cubic meters. Built in collaboration with Royal IHC, Netherlands, this advanced vessel will enhance the capabilities of the Dredging Corporation of India and support the growth of coastal and inland shipping markets.

Business Standard

Coastal Energen insolvency: SC allows Dickey-Adani to operate plant for now

The NCLAT, in its September 6 order, had halted the Rs 3,335 crore resolution plan put forth by the consortium, which is the successful bidder for the bankrupt firm

The Economic Times

Supreme Court allows Adani-Dickey consortium to continue operating Coastal Energen power plant

The Supreme Court has allowed the Adani Power and Dickey Alternative Investment Trust consortium to operate Coastal Energen's 1,200 MW power plant until the NCLAT decides on appeals against the resolution plan. The consortium cannot dismantle the plant or create third-party rights. The final proceedings will not be affected by this observation.

Mint

Supreme Court allows Adani to operate Coastal Energen power plant without changes until NCLAT ruling

The court overruled an appellate tribunal’s interim order that directed the resolution professional to take charge of the plant.

The Economic Times

Status quo on Coastal Energen resolution challenged

A consortium of Adani Power and Dickey Alternative Investment Trust has approached the Supreme Court to challenge an NCLAT order that directed them to maintain the status quo on implementing a resolution plan for Coastal Energen. The Supreme Court will hear the matter on Thursday, following concerns about due process and financial gains.

The Economic Times

Adani consortium seeks urgent SC intervention over NCLAT's status quo order in Coastal Energen case

The Dickey Alternative Investment Trust and Adani Power consortium have moved the Supreme Court against NCLAT's order to maintain the status quo in Coastal Energen's insolvency process. The consortium had implemented a ₹3,335 crore resolution plan approved by NCLT, but faces challenges from former director Ahmed Buhari over procedural lapses.

Business Standard

Odisha set to lead petrochemical sector: Union minister Anupriya Patel

Union Minister Anupriya Patel on Friday said Odisha is ready to become a leader in the petrochemical sector which is projected to be a USD 1 trillion industry by 2047. Addressing a conference "Advanced India: Indian Chemicals and Petrochemicals Paving the Future" here, she said the eastern state with its skilled manpower and strategic coastal location is poised to become a major hub in the sector. She also said the India Chem 2024 summit, scheduled to take place in Mumbai from October 17-19 after a two-year hiatus, is expected to attract significant global participation. Odisha, with its skilled manpower and strategic coastal location, is poised to become a major hub for chemicals and petrochemicals, and will offer vast opportunities for manufacturing, employment and exports, Patel, the minister of state for chemicals and fertilizers, said. The sector, currently valued at USD 220 billion, is projected to surpass USD 1 trillion by 2047, she said, adding that the government's focus o

CNBC TV18

NCLAT pauses Adani Power-led consortium’s Coastal Energen acquisition

This decision follows a series of appeals filed by Ahmed Buhari, a suspended director of Coastal Energen, and shareholders Precious Energy Holdings and Mutiara Energy Holdings, contesting the plant's takeover by a consortium led by Adani Power and Dickey Alternative Investment Trust (DAIT).

Mint

Coastal Corporation Q1 Results Live: Profit Falls by 7.12% YOY

Coastal Corporation Q1 Results Live: Revenue increased by 32.05% YoY & profit decreased by 7.12% YoY

The Economic Times

Bangladesh charges 26 for destruction of vast mangrove forest

Shocking environmental crime in Bangladesh as 26 people face charges for destroying vital mangrove forests to make way for shrimp and salt farms. Officials from the ruling Awami League party are implicated. Climate change impact worsens as ecosystem loss threatens coastal protection. International concern as world's mangrove ecosystems at risk of collapse.

The Economic Times

Udupi Cochin Shipyard Limited bags Rs 1,100 crore order for cargo vessels from Norwegian firm

UCSL secured a Rs 1,100 crore deal for eight 6300 TDW cargo vessels from Wilson ASA. These vessels, designed for eco-friendly operation in European coastal waters, are part of a project to be completed by September 2028. The company has also delivered tugs to Adani Harbour Services and received repeat orders from Polestar Maritime.