First private-funded Gati Shakti terminal starts operations

25 Apr 2023 CW Team

As part of a public-private partnership (PPP), the Dedicated Freight Corridor Corporation of India (DFCC) started operating the Rewari Gati Shakti Cargo Terminal (GCT) on Thursday. This is the first operational GCT with full private investment and no revenue-sharing on the part of Indian Railways.

The 80 million GCT in Haryana, built specifically for container traffic, will be operated by Pristine Mega Logistics Park, which won the project in a competition against the state-owned Container Corporation of India (Concor) and shipping giant DP World, according to officials. It is located along the edge of Line 10 of the New Rewari station on the Western Dedicated Freight Corridor (DFC).

Senior officials in attendance at the opening ceremony claimed that evidence of private sector interest came from the fact that all three companies submitted proposals for zero revenue sharing, meaning that the railways would keep all terminal usage charge income.

Typically, the operator only shares a portion of the terminal access charge (TAC) with the railways because of a land management policy that was created in October. A crucial bidding metric is the percentage of share between the commercial operator and the railways.

Real Estate

07 Jul 2026

Pecan Realty Completes Rs 1.5 Billion Transactions

Pecan Realty has recently completed four institutional transactions worth over Rs 1.5 billion over the past two years, strengthening its position as an execution-led real estate platform. The deals include resolution-led acquisitions, structured finance transactions and capital partnerships across its development portfolio.The transactions covered acquisitions through the National Company Law Tribunal process and helped provide repayment or exits to both private and public sector lenders. The company said the deals demonstrate its ability to resolve complex project situations, work with instit..

SNN Estates Expands North Bengaluru Housing Project

SNN Estates has announced an expansion of its SNN Estates Felicity residential project in North Bengaluru following strong buyer demand, with 75 per cent of the first-phase inventory sold within three days of launch.The developer will add 76 apartments in the new phase, taking the project's estimated revenue potential to around Rs 1,000 crore upon completion of Phase 2.Spread across 6.5 acres in Rachenahalli, near Manyata Tech Park, the project comprises 604 apartments in 1.5, 2, 2.5, 3 and 4 BHK configurations. The development includes a 50,000-sq-ft clubhouse with amenities such as sports co..

SCG Drives ASEAN Industrial Transformation Strategy

SCG is strengthening its focus on ASEAN as a key growth region by advancing industrial transformation, enhancing competitiveness and building resilient regional value chains. Thammasak Sethaudom, President and Chief Executive Officer, SCG, highlighted the need for industries to continuously develop capabilities, strengthen resilience and deepen regional cooperation to achieve sustainable long-term growth.SCG views ASEAN as an important growth engine alongside China, supported by favourable demographics, trade connectivity and investment flows. With ASEAN’s GDP projected to grow by around 4.7..