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SumanSpeaks Independent Capital Markets & Geopolitical Intelligence  |  Estd 2006 Corporate Strategy  |  AI Pivot & Power Infrastructure Reliance Power's AI Pivot (₹25.10): Rebranding, ₹9,000 Cr Capital, and a Policy Tailwind Arriving Right on Cue Four renamed subsidiaries. A ₹9,000 crore fundraise. And a state government simultaneously building the exact demand this pivot is betting on. On June 30, 2026, Reliance Power quietly filed one of the more consequential corporate-identity shifts in the Indian power sector this year. Four of its subsidiaries were renamed Reliance AI Green Power, Reliance AI Power, Reliance AI Data Control, and Reliance AI Data C — and the company formally added artificial intelligence and technology-enabled services to its business objects. This was not a data-centre announcement or a customer contract. It was...
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Essar Ports to invest Rs.1,200 cr in Vizag port
[Vishakhapatnam port handled 12.3 mt of iron ore in financial year 2013. Moreover, in the past couple of weeks we have seen an explosion in many of the shipping related stocks in several of the world markets. The dry bulk index has shot higher and is up over 100% in the past several months, and investors have been piling into shipping stocks]
December 14, 2013: Essar Vizag Terminals, a wholly owned subsidiary of Essar ports, has entered into an agreement with the Visakhapatnam Port Trust for development and operation of three iron ore berths.

The company will invest Rs 1,200 crore in the project, to be developed on a build-own-operate basis over 30 years.,center>


The three berths (two outer harbour berths and one inner) will have a combined capacity of 23 million tonnes a year (mtpa). The concession agreement was signed at a ceremony here in the presence of G K Vasan, the shipping minister. Essar Ports will take over the two outer berths soon to upgrade them. The Vishakhapatnam port handled 12.3 mt of iron ore in financial year 2013.

Rajiv Agarwal, managing director, Essar Ports, said: "We will develop the terminal to create one of the most competitive, modernised facilities. This project will significantly increase our third-party cargo-handling capacity and also boost our presence on the east coast." 

Courtesy: The Business Standard

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