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Vizag Port expansion timed for 24 months
PORTS & SHIPPING

Vizag Port expansion timed for 24 months

Visakhapatnam Port Trust´s expansion plan will be completed by Visakha Container Terminal Pvt Ltd in a timeline of 24 months. The trust signed a concession agreement with the VCTPL under the PPP mode in December 2014. Due to delay in grounding the project, the cost of extending the terminal is said to have increased from Rs 850 crore to Rs 900 crore. Once all clearances are obtained, the timeline set for completion of the project is 24 months.

Visakhapatnam Port Trust´s expansion plan will be completed by Visakha Container Terminal Pvt Ltd in a timeline of 24 months. The trust signed a concession agreement with the VCTPL under the PPP mode in December 2014. Due to delay in grounding the project, the cost of extending the terminal is said to have increased from Rs 850 crore to Rs 900 crore. Once all clearances are obtained, the timeline set for completion of the project is 24 months.

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Infrastructure Energy

SMIORE Receives Prestigious Seven Star Rating Award from Ministry of Mines

The Sandur Manganese & Iron Ores (SMIORE) has been conferred with the prestigious Seven Star Rating Award by the Ministry of Mines and the Indian Bureau of Mines (IBM) for its performance in the 2023–24 assessment year. The award recognises excellence in sustainable and green mining practices.The felicitation took place on 7 July 2025 at the Rajasthan International Centre, Jaipur, during a national event honouring India's Five Star and Seven Star Rated Mines. The Seven Star Award was presented by Bhajanlal Sharma, Chief Minister of Rajasthan, in the presence of G Kishan Reddy, Union Mini..

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Infrastructure Urban

Snowman Logistics Adds New Facility in Kundli, Expands Capacity

Snowman Logistics, a leading temperature-controlled logistics service provider, has commenced operations at a new warehousing facility in Kundli, located in the Delhi NCR region. The facility, taken on long-term lease, adds 3,576 pallet positions to the company's overall capacity, which now stands at 154,330 pallet positions across 44 warehouses in 21 cities.In addition to its warehousing infrastructure, Snowman operates a fleet comprising 296 company-owned and over 325 leased refrigerated vehicles, ensuring comprehensive cold chain connectivity across the country.The Kundli facility is strate..

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Real Estate

Omaxe Plans Rs 12-Bn Township Project in Indore

Omaxe has acquired 450 acres of land in Indore, Madhya Pradesh, to develop an integrated township, marking a significant expansion of its operations in Tier-II cities. The project will entail an investment of Rs 12 billion and is expected to be executed in phases.According to a regulatory filing, the development will comprise residential plots, housing clusters, commercial and retail zones, hospitality infrastructure, educational institutions, and healthcare facilities. The company anticipates generating revenue of Rs 25 billion from the township over the next three years. The investment will ..

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