Thoothukudi shipyard plan advances after Sarbananda Sonowal-Hyundai talks; project report expected in six months

October 28, 2026 4:03 PM

Thoothukudi shipyard plan advances after Sarbananda Sonowal-Hyundai talks; project report expected in six months

India’s plan to build a $4-billion greenfield shipyard at Thoothukudi in Tamil Nadu moved forward on Wednesday as Union Ports, Shipping and Waterways Minister Sarbananda Sonowal met HD Hyundai Chairman Chung Ki-sun in Seoul to discuss investment and implementation arrangements. A joint working group will oversee project development, while the partners will work towards a joint venture structure. A detailed project report is expected to be finalised within six months. HD Korea Shipbuilding &a...

Hyundai Motor India drops 7% on debut after country’s biggest IPO

October 22, 2024 5:10 PM

Hyundai Motor India drops 7% on debut after country’s biggest IPO

Hyundai Motor India shares fell 7.2% on their market debut on Tuesday after retail investors gave a lukewarm reception to the country's biggest ever initial public offering (IPO) amid concerns about a lofty valuation and an auto industry slowdown. The stock listed at 1,934 rupees on the National Stock Exchange, below its offer price of 1,960 rupees, and fell as much as 7.6% before closing at 1,819.60 rupees. That valued the company at 1.48 trillion rupees ($17.6 billion). Hyundai, India's No. ...