The Odisha government announces support for a ₹4,000-crore ship recycling hub near Paradip port, two new ports at Inchuri and Bahuda with private sector participation, and investments in railway tracks for mineral evacuation. Hydrogen manufacturing is expected by 2026. The state also plans to develop data centres and an electronic city.
Odisha planning ₹4,000-crore ship recycling hub near Paradip port, says top official
The government has launched a Rs 47,000 crore plan to develop shipbuilding facilities and expand Gujarat’s Kandla Port by 135 MTPA. The initiative includes building and repairing ships, creating a new modern port, and shifting and upgrading cargo handling to increase capacity and efficiency, improving the port’s overall productivity.
Kolkata-based logistics firm WCIL has secured a Rs 139 crore material handling order from Vedanta Ltd. The order involves import, domestic, and export material handling at Vedanta’s Jharsuguda plant for four years. WCIL’s sales stood at Rs 1,685 crore as of March 31, 2024, with a net profit of Rs 80.35 crore.
Vadhvan Port Pvt Ltd has awarded the EPC contract to ITD Cementation India for near-shore reclamation and shore protection for the Vadhvan Port project in Maharashtra, at a cost of Rs 1,648 crore. This contract is pivotal for initiating key infrastructure packages, with the project expected to progress rapidly into 2025.
A high-level Indian delegation visited South Korea to promote India’s maritime growth and seek collaborations with Korean shipbuilders. India aims to attract foreign partners to enhance its shipbuilding ecosystem as it lags far behind global leaders like China, South Korea, and Japan. The government is addressing challenges by introducing bills and pooling ship requirements to […]
Adani Ports places India’s largest order of eight harbour tugs worth Rs 450 cr from Cochin Shipyard
1 year ago
Adani Ports and Special Economic Zone Ltd (APSEZ) has announced the purchase of eight harbour tugs from Cochin Shipyard Ltd. This is part of the Make in India initiative. The project is valued at Rs 450 crore with deliveries expected between December 2026 and May 2028. This effort aims to enhance operational efficiency and safety […]
Adani Ports has placed a significant order worth Rs 450 crore with Cochin Shipyard Ltd for eight advanced harbour tugs. The tugs are scheduled for delivery between December 2026 and May 2028. This purchase enhances APSEZ’s commitment to self-reliance and safety in the maritime sector. APSEZ is India’s largest private port operator.
Vizhinjam Port in Kerala celebrated its 100th commercial vessel, MSC MICHELA, arriving on Christmas Day. The vessel, flying the Portuguese flag, docked at 1:30 PM with a length of 299.87 metres and a draft of 12.5 metres. It came from Mumbai and will head to Shanghai after unloading containers. This marks a significant milestone for […]
Jawaharlal Nehru Port Authority (JNPA) collaborates with Switzerland-based Terminal Investment Limited Sarl (TIL) to invest Rs 20,000 crore in the Vadhvan Port development in Maharashtra. The project, involving a total investment of Rs 76,200 crore, aims to enhance port infrastructure and establish Vadhvan Port as a world-class facility.
Commerce and Industry Minister Piyush Goyal urged for complete industry-government integration on logistics platforms to boost efficiency. He emphasized green logistics through sustainable practices, adopting electric mobility and biofuels to reduce carbon footprint. Goyal also advocated skill development and AI/data analytics use for minimizing time and cost overruns.