Visakhapatnam Airport's Robust Growth in 2023 Fiscal Year

05 Sep 2023 CW Team

Visakhapatnam Airport, located on the eastern coast of India, has witnessed impressive growth during the first four months of the 2023 fiscal year. The airport's performance data, available through a report on The Hindu, highlights substantial progress in terms of passenger numbers, cargo handling, and overall operational efficiency.

According to the data presented, Visakhapatnam Airport recorded a substantial increase in passenger traffic, indicating a positive trend in air travel demand. This growth is a testament to the airport's strategic location and enhanced services.

Moreover, the cargo handling capacity of the airport also displayed remarkable improvement. This development underscores the region's potential as a logistics hub and its contribution to trade and commerce.

The overall operational efficiency of Visakhapatnam Airport has been a key factor in its successful growth. The airport's management and staff have been working diligently to provide a seamless and pleasant experience for passengers, airlines, and cargo operators.

In conclusion, Visakhapatnam Airport's impressive growth in the first four months of the 2023 fiscal year bodes well for the region's connectivity and economic development, making it a significant player in the aviation industry.

Infrastructure Urban

07 Oct 2025

Paras Defence Subsidiary Wins Rs 460 Mn Anti-Drone Order

Paras Defence and Space Technologies (PDST) saw its shares rise 1.5 per cent to Rs 701 after its subsidiary, Paras Anti-Drone Technologies, secured a defence contract from the Ministry of Defence, Government of India, valued at approximately Rs 460.19 million.The order covers the supply of Anti-Drone Systems, including Drone Jammers, marking a significant milestone for Paras Anti-Drone in India’s growing counter-UAV segment. The contract is scheduled for execution by March 2026. According to official filings, the award is from a domestic entity, not a related party transaction, and no promot..

Jindal Stainless Launches First Stainless Steel Fabrication Unit in Mumbai

Jindal Stainless, India’s largest stainless steel manufacturer, through its subsidiary Jindal Stainless Steelway (JSSL), has inaugurated its first stainless steel fabrication unit at Washivali, Patalganga, Mumbai. The 4 lakh sq ft facility is designed to serve the bridge sector, fabricating critical components such as girders, arches, nuts, bolts, and handles. The unit was inaugurated by CEO & CFO Tarun Khulbe in the presence of senior leadership.Developed with an initial investment of Rs 1.25 billion, the facility strengthens Jindal Stainless’ position as a provider of end-to-end fabr..

Hero Future Energies Secures Rs 19.08 Bn for 120 MW Hybrid Project

Hero Future Energies (HFE), through its SPV Clean Renewable Energy Hybrid Three, has secured Rs 19,080 million in funding from State Bank of India (lead) and Canara Bank for the development of its 120 MW renewable energy (RE) hybrid project in Kurnool, Andhra Pradesh.The project, contracted with SJVN, integrates wind, solar, and storage technologies to provide reliable peak power. The funding, structured with a 21-year repayment tenure, will support timely project execution and the commencement of commercial operations.This financial closure underscores the banking community’s confidence in ..