Ports and shipping ministry to execute 101 projects by 2024-25

07 Dec 2021 CW Team

The recognised projects cover many state-run ‘major ports’, which have recently got the freedom to decide the tariffs for several port-related services and the terms for private developers, thanks to the cancellation of the Tariff Authority for Major Ports (TAMP).

The recognised projects are in addition to the 80-odd Sagarmala projects that are underway, and cover many waterways, Sarbananda Sonowal, minister for ports, shipping and waterways, said at a CII session.

Under PM Gati Shakti, a goal has been set to boost cargo capacity at Indian ports to 1,759 mtpa by 2024-25, from 1,282 mtpa presently.

The major-port sector has not witnessed the needed level of fixed assets creation to pare the nation's high logistic prices owing to legacy issues comprising the TAMP’s archaic regulatory grip.

The recently announced Major Port Authorities Act 2021, the Inland Vessel Bill 2021, and expanding the ambit of coastal shipping would provide leverage to India’s maritime sector, and decrease the cost of logistics and supply-chain from 13% of GDP presently to 8% of GDP. The Gati Shakti Master Plan would collect data on the specific action plan of several ministries for close monitoring and timely execution of projects, Sonowal said.

The 2.5 million tonnes coastal shipping berth at JNPT, with 11 hectares of cargo storage space, would allow coastal movement of bulk cargo within the nation, outside the customs-notified area.

The Inland Vessel Bill 21, approved by the Parliament in August 2021, replacing the Inland Vessel Act, 1917, could make registration certification valid in all states and union territories once it is notified. Inland vessels would no longer need to take the approval of the states.

The rules and regulations regularly applicable under the new law, instead of different rules in different states, would guarantee seamless and cost-effective trade with inland vessels using the waterways.

Image Source

Arising as one of the early movers under PM Gati Shakti, the national master plan for supporting multi-modal connectivity, the ministry of ports, shipping and waterways has recognised 101 projects for execution by 2024-25. The recognised projects cover many state-run ‘major ports’, which have recently got the freedom to decide the tariffs for several port-related services and the terms for private developers, thanks to the cancellation of the Tariff Authority for Major Ports (TAMP). The recognised projects are in addition to the 80-odd Sagarmala projects that are underway, and cover many waterways, Sarbananda Sonowal, minister for ports, shipping and waterways, said at a CII session. Under PM Gati Shakti, a goal has been set to boost cargo capacity at Indian ports to 1,759 mtpa by 2024-25, from 1,282 mtpa presently. The major-port sector has not witnessed the needed level of fixed assets creation to pare the nation's high logistic prices owing to legacy issues comprising the TAMP’s archaic regulatory grip. The recently announced Major Port Authorities Act 2021, the Inland Vessel Bill 2021, and expanding the ambit of coastal shipping would provide leverage to India’s maritime sector, and decrease the cost of logistics and supply-chain from 13% of GDP presently to 8% of GDP. The Gati Shakti Master Plan would collect data on the specific action plan of several ministries for close monitoring and timely execution of projects, Sonowal said. The 2.5 million tonnes coastal shipping berth at JNPT, with 11 hectares of cargo storage space, would allow coastal movement of bulk cargo within the nation, outside the customs-notified area. The Inland Vessel Bill 21, approved by the Parliament in August 2021, replacing the Inland Vessel Act, 1917, could make registration certification valid in all states and union territories once it is notified. Inland vessels would no longer need to take the approval of the states. The rules and regulations regularly applicable under the new law, instead of different rules in different states, would guarantee seamless and cost-effective trade with inland vessels using the waterways. Image Source

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 ..