Adani Ports achieved a new milestone by loading 20,586 MT of heavy railway coils in a single 24-hour period.

The Adani Group has announced that it will fund the Colombo West International Terminal project in Sri Lanka using its internal accruals, abandoning plans to seek funding from the US International Development Finance Corporation (DFC). The company confirmed that the project is progressing as scheduled and is on track for commissioning early next year. The Adani Group had received $553 million in funding from the DFC last year for the project. The change in funding strategy was revealed in an exchange filing, which stated that the company would finance the project through its internal accruals and capital management plan. The Colombo West International Terminal project is a strategically significant initiative for the Adani Group, and its on-time completion is expected to have a significant impact on the region’s economic growth.