27 MoUs Worth over Rs 660 Bn Signed to Transform India’s Maritime Sector

01 Oct 2025 CW Team

The MoUs cover a comprehensive spectrum of India’s maritime ambitions, including port infrastructure, shipping, shipbuilding clusters, global shipyard partnerships, green maritime projects, water metros, and heritage-linked initiatives. These projects aim to position India as a leading global maritime and shipbuilding hub by 2047, supporting the vision of an Atmanirbhar Bharat.

Key highlights include:

Bahuda Port Development (Odisha): Paradip Port Authority, Visakhapatnam Port Authority, Sagarmala Finance Corporation, and the Odisha government signed an MoU for a new port with 150 MTPA capacity on 6,700 acres, attracting investments of Rs 215 billion and generating around 25,000 direct and indirect jobs.
Water Metro in Patna (Bihar): An MoU between the Inland Waterways Authority of India and the Bihar government for a Rs 9.08 billion project deploying energy-efficient electric ferries, modern terminals, and multimodal waterway transport integration.
Shipping Sector Collaboration: Shipping Corporation of India partnered with IOCL, BPCL, and HPCL to form a Vessel Owning Joint Venture Company, aiming to reduce foreign fleet dependence and promote Indian-built ships under Atmanirbhar Bharat.
Shipbuilding Clusters: State governments of Andhra Pradesh, Odisha, Gujarat, Maharashtra, and Tamil Nadu will collaborate with the Centre to develop state-of-the-art shipbuilding clusters, green innovation hubs, and R&D facilities, enhancing India’s global shipbuilding competitiveness.

News source: Business Standard

India witnessed a landmark series of agreements at the “Samudra Se Samriddhi – Transforming India’s Maritime Sector” programme in Bhavnagar, Gujarat. Twenty-seven Memorandums of Understanding (MoUs) were signed between public and private stakeholders, state governments, and international partners, collectively representing investments exceeding Rs 660 billion. The event was addressed by Prime Minister Narendra Modi and witnessed the participation of Union Ministers Sarbananda Sonowal, Dr Mansukh Mandaviya, and Shantanu Thakur.The MoUs cover a comprehensive spectrum of India’s maritime ambitions, including port infrastructure, shipping, shipbuilding clusters, global shipyard partnerships, green maritime projects, water metros, and heritage-linked initiatives. These projects aim to position India as a leading global maritime and shipbuilding hub by 2047, supporting the vision of an Atmanirbhar Bharat.Key highlights include:Bahuda Port Development (Odisha): Paradip Port Authority, Visakhapatnam Port Authority, Sagarmala Finance Corporation, and the Odisha government signed an MoU for a new port with 150 MTPA capacity on 6,700 acres, attracting investments of Rs 215 billion and generating around 25,000 direct and indirect jobs.Water Metro in Patna (Bihar): An MoU between the Inland Waterways Authority of India and the Bihar government for a Rs 9.08 billion project deploying energy-efficient electric ferries, modern terminals, and multimodal waterway transport integration.Shipping Sector Collaboration: Shipping Corporation of India partnered with IOCL, BPCL, and HPCL to form a Vessel Owning Joint Venture Company, aiming to reduce foreign fleet dependence and promote Indian-built ships under Atmanirbhar Bharat.Shipbuilding Clusters: State governments of Andhra Pradesh, Odisha, Gujarat, Maharashtra, and Tamil Nadu will collaborate with the Centre to develop state-of-the-art shipbuilding clusters, green innovation hubs, and R&D facilities, enhancing India’s global shipbuilding competitiveness. News source: Business Standard

Infrastructure Urban

01 Oct 2025

Ceigall JV Wins Rs 5.1 Billion Mohali Infra Project

EPC company Ceigall India on Sunday announced that it has secured an infrastructure project worth Rs 5.1 billion in a joint venture with JSP Projects.The Greater Mohali Area Development Authority (GMADA) has awarded the contract for the Aerotropolis project in Mohali, covering the construction of internal roads along with civil, public health and electrical works. The project will be executed within 24 months under an item-rate contract.Ramneek Sehgal, Chairman and Managing Director of Ceigall India, said: “The Aerotropolis project is a transformative urban initiative, and we are proud to co..

Infrastructure Urban

01 Oct 2025

Reloy Projects Rs 500 Million Revenue in FY26

HDFC Capital-backed proptech startup Reloy, which enables builders to generate referral sales, expects its revenue to grow by 75 per cent this fiscal to around Rs 500 million, supported by strong housing demand.The company reported a 60 per cent rise in gross revenue in FY25 to Rs 285 million, up from Rs 178 million in the previous year.“We are expecting to clock Rs 450–500 million in revenue in the current fiscal,” said Reloy founder and CEO Akhil Saraf...

Building Material

01 Oct 2025

Jindal Stainless to Invest Rs 7 Billion in Green Projects

Jindal Stainless announced on Thursday that it is investing Rs 7 billion in decarbonisation initiatives and has cut 318,248 metric tonnes of CO2 emissions in FY25.The company said it has undertaken several measures to reduce its carbon footprint, including commissioning Odisha’s largest captive solar plant. Over the next few years, JSL plans to channel Rs 7 billion into decarbonisation, energy efficiency upgrades, supply chain digitisation for transparency, and community initiatives in education, healthcare and skills development.In FY25, JSL achieved a 14 per cent year-on-year reduction in ..