Cochin Port and Oil India Partner for Offshore Exploration Support

16 Jun 2025 CW Team

The Cochin Port Authority (CoPA) has signed a Memorandum of Understanding (MoU) with Oil India (OIL) to establish a shore base facility supporting offshore oil exploration in the Kerala-Konkan Basin. The agreement was formalised at a ceremony held at CoPA, Willingdon Island, on 12 June 2025, in the presence of senior officials from both organisations.

Under the partnership, Cochin Port will provide critical logistics infrastructure for OIL’s offshore drilling operations, expected to begin later in 2025. The planned shore base will include a dedicated warehouse, dry bulk handling plant, and an exclusive jetty to support 24/7 vessel operations.

The facility is intended to streamline offshore support services such as berthing, refuelling, dry bulk transfer, potable water supply, and shore power connectivity. This collaboration reinforces Cochin Port’s role as a key node in India’s energy logistics chain and supports OIL’s efforts to tap promising reserves in the Kerala-Konkan offshore block.

The MoU is initially valid for 12 months from June 2025, with provisions for extension based on the project’s progress. Environmental safeguards and operational safety will be prioritised throughout the project. OIL has committed to deploying eco-friendly and low-noise equipment in line with port and state environmental regulations.

This strategic initiative is expected to strengthen infrastructure-driven support for India’s growing offshore energy ambitions.

News source: PIB

Real Estate

07 May 2026

Wadhwa, Arisinfra Tie Up for Panvel Township

The Wadhwa Group has entered into a strategic partnership with ArisUnitern RE Solutions Pvt. Ltd. (Unitern), a subsidiary of Arisinfra Solutions Limited, to drive growth at Wadhwa Wise City (WWC), its flagship integrated township in Panvel, Maharashtra.The alliance will focus on providing solutions to monetise inventory worth approximately Rs 6.5 billion, with plans to release additional inventory valued at Rs 4–4.5 billion.Structured as an eight-month engagement, the partnership combines Wadhwa Group’s real estate expertise with ARIS’ Developer-as-a-Service (DaaS) platform to create a p..

Maharashtra Plans ₹600 Crore Skill Centres For Construction Workers

CREDAI Pune hosted its annual Construction Safety Awards in Pune, where Maharashtra Labour Minister Akash Pandurang Fundkar announced plans to invest nearly ₹600 crore in modern skill development centres for construction workers across the state.The event, held at Sheraton Grand Pune, was attended by more than 300 CREDAI members and representatives from the construction sector. The proposed centres are planned for locations including Mumbai and Nagpur and will focus on advanced technologies, modern equipment and workforce training aligned with evolving industry requirements.Fundkar called fo..

NCLAT Quashes Insolvency Proceedings Against Embassy Developments

Embassy Developments Limited has announced that the Hon’ble National Company Law Appellate Tribunal (NCLAT), New Delhi, has set aside the earlier National Company Law Tribunal (NCLT) order admitting insolvency proceedings against the company, thereby quashing the Corporate Insolvency Resolution Process (CIRP).The appellate tribunal’s order overturns the NCLT ruling dated December 9, 2025, under which CIRP proceedings had been initiated against the company. With the latest ruling, all directions arising from the earlier NCLT order stand terminated and the insolvency proceedings against Emba..