Port sector attracts investment worth 36.128 billion

21 Jan 2019 CW Team

On the inaugural day of the Vibrant Gujarat Summit 2019, investment proposals attracted by the port and port-led development sector received investment intentions worth Rs 36.128 billion.

The event was reportedly inaugurated by Prime Minister Narendra Modi. Several Memorandums of Understanding (MoUs) were signed between different stakeholders and Gujarat Government’s authority Gujarat Maritime Board (GMB). The GMB received nearly 96 investment intentions and 30 strategic partnerships. The ports and port-based sector reportedly bagged a total of 126 partnerships.

Of the total 126 partnerships, 26 intents (21 per cent) pertain to new port capacity creation, 13 intents (10 per cent) pertain to development of shipbuilding and ship repair facilities, while 14 intents (11 per cent) pertain to development of Ro-Ro and cruise terminals, operating ferry services and promoting marine tourism in the state.

Besides, the GMB reportedly signed 13 MoUs. In order to develop a cargo handling terminal for a petrochemical complex at Mundra, a MoU was signed with the Adani Group along with a captive jetty for their cement plant at Lakhpat and develop Ro-Ro terminal at Mundra at a total proposed investment of Rs 35 billion with employment generation for 800 people.

Dahej Harbour and Infrastructure reportedly signed a MoU worth Rs 7 billion for DHIL port expansion. The Essar Group is expected to develop an LNG terminal and port-based smart city in Hazira with investments of 74.85 billion. Also, Hindustan Petroleum Corporation will be reportedly developing a dedicated jetty along with storage and dispatch terminal for LPG products at Dahej and Foresight Group intends to develop CNG import facility in Gujarat with a proposed investment of Rs 14 billion and creation of 1,600 jobs.

Foresight Group Services FZCO also signed MoUs of Rs 5 billion for the development of port facilities at Gujarat coast for CNG import. The GMB has reportedly also signed a MoU worth Rs 13.50 billion with HPCL Rajasthan Refinery, which intends to develop a single point mooring and the crude oil terminal at Mandvi.

For port expansion, GMB has reportedly signed MoUs worth Rs 21 billion with Petronet LNG , Gujarat Chemical Port Terminal Company and Dahej Harbour and Infrastructure.

On the inaugural day of the Vibrant Gujarat Summit 2019, investment proposals attracted by the port and port-led development sector received investment intentions worth Rs 36.128 billion. The event was reportedly inaugurated by Prime Minister Narendra Modi. Several Memorandums of Understanding (MoUs) were signed between different stakeholders and Gujarat Government’s authority Gujarat Maritime Board (GMB). The GMB received nearly 96 investment intentions and 30 strategic partnerships. The ports and port-based sector reportedly bagged a total of 126 partnerships. Of the total 126 partnerships, 26 intents (21 per cent) pertain to new port capacity creation, 13 intents (10 per cent) pertain to development of shipbuilding and ship repair facilities, while 14 intents (11 per cent) pertain to development of Ro-Ro and cruise terminals, operating ferry services and promoting marine tourism in the state. Besides, the GMB reportedly signed 13 MoUs. In order to develop a cargo handling terminal for a petrochemical complex at Mundra, a MoU was signed with the Adani Group along with a captive jetty for their cement plant at Lakhpat and develop Ro-Ro terminal at Mundra at a total proposed investment of Rs 35 billion with employment generation for 800 people. Dahej Harbour and Infrastructure reportedly signed a MoU worth Rs 7 billion for DHIL port expansion. The Essar Group is expected to develop an LNG terminal and port-based smart city in Hazira with investments of 74.85 billion. Also, Hindustan Petroleum Corporation will be reportedly developing a dedicated jetty along with storage and dispatch terminal for LPG products at Dahej and Foresight Group intends to develop CNG import facility in Gujarat with a proposed investment of Rs 14 billion and creation of 1,600 jobs. Foresight Group Services FZCO also signed MoUs of Rs 5 billion for the development of port facilities at Gujarat coast for CNG import. The GMB has reportedly also signed a MoU worth Rs 13.50 billion with HPCL Rajasthan Refinery, which intends to develop a single point mooring and the crude oil terminal at Mandvi. For port expansion, GMB has reportedly signed MoUs worth Rs 21 billion with Petronet LNG , Gujarat Chemical Port Terminal Company and Dahej Harbour and Infrastructure.

Infrastructure Urban

04 May 2026

Jyoti Structures FY26 profit rises 56.5%

Jyoti Structures (JSL) recently reported strong financial results for the quarter and year ended 31 March 2026, driven by disciplined execution, cost management and steady progress across its order book.For Q4 FY2025-26, total income rose 44.2 per cent to Rs 2.41 billion from Rs 1.67 billion in Q4 FY2024-25. EBITDA increased 58.6 per cent to Rs 237 million, while EBITDA margin improved by 89 basis points to 9.84 per cent. Profit before tax grew 53.3 per cent to Rs 188.5 million, and net profit rose 51.9 per cent to Rs 181.4 million.For FY2025-26, total income grew 53.1 per cent to Rs 7.72 bill..

Infrastructure Energy

04 May 2026

Cat BEPU to Power Doppstadt Separator at IFAT 2026

Caterpillar’s Cat Battery Electric Power Unit (BEPU) has been selected by Doppstadt to power its SWS 6 Spiral Shaft Separator, which will be showcased for the first time at IFAT 2026 in Munich, Germany, from 4–7 May.The compact plug-and-play BEPU is designed to replace a diesel engine within the same space, using the same mounting locations and relative machine position. It integrates the battery, motor, inverter, onboard charging, cooling and controls, enabling OEMs to electrify existing chassis platforms without extensive redesign.Caterpillar and Cat dealer Zeppelin Power Systems have be..

Infrastructure Urban

04 May 2026

VECV sales rise 6.9% in April 2026

VE Commercial Vehicles, a joint venture between Volvo Group and Eicher Motors, recorded sales of 7,318 units in April 2026, compared to 6,846 units in April 2025, registering 6.9 per cent growth. The total included 7,159 units under the Eicher brand and 159 units under the Volvo brand.Eicher branded trucks and buses reported sales of 7,159 units during the month, up 6.6 per cent from 6,717 units in April 2025. In the domestic commercial vehicle market, Eicher sales rose 8.6 per cent to 6,797 units from 6,257 units a year earlier.Exports declined 21.3 per cent, with VECV recording 362 units in ..