Adani, PSA, JSW, J.M. Baxi Eye VOC Port Project

27 Mar 2024 CW Team

Major players in the shipping and infrastructure sectors, including Adani, PSA, JSW Infra, and J.M. Baxi, participated in a pre-bid meeting for the Outer Harbour Box Terminal project at the V.O. Chidambaranar (VOC) Port. The meeting signals heightened interest among industry giants in securing the lucrative project aimed at expanding port facilities and enhancing maritime trade capabilities.

The participation of prominent firms underscores the significance of the Outer Harbour Box Terminal project in bolstering India's port infrastructure and facilitating efficient cargo handling operations. With increasing demand for maritime transportation services, the project is poised to play a crucial role in meeting the growing needs of trade and commerce.

The pre-bid meeting provided an opportunity for prospective bidders to gain insights into the project's scope, requirements, and timelines. It also facilitated discussions on key technical and commercial aspects, paving the way for informed decision-making among potential stakeholders.

The Outer Harbour Box Terminal project at VOC Port is expected to significantly augment the port's cargo handling capacity and streamline operations. By attracting leading players in the industry, the project aims to leverage expertise and resources to optimise port efficiency and competitiveness on a global scale.

As the bidding process progresses, stakeholders anticipate robust competition among contenders vying for the prestigious project. The successful implementation of the Outer Harbour Box Terminal is poised to catalyse economic growth, enhance maritime connectivity, and reinforce India's position as a key player in the global trade landscape.

Real Estate

05 Aug 2026

CREDAI-MCHI to Host 10th Design & Construction Conference

CREDAI-MCHI will host the 10th anniversary edition of its Design & Construction Conference on August 19, 2026, at the Jio World Convention Centre in Mumbai.The event is expected to bring together more than 500 procurement leaders, construction heads, architects, consultants and senior real estate decision-makers, alongside over 50 construction and ancillary brands.The conference will feature product launches, technology showcases, knowledge sessions, strategic business-to-business networking and recognition of procurement professionals contributing to the transformation of the construction..

BorgWarner Wins Extension for High-Voltage Inverter Programmes

BorgWarner has secured a major extension of several high-volume high-voltage inverter programmes from a leading European automotive manufacturer.The contracts cover updated inverter designs for plug-in hybrid and 800V battery-electric vehicle applications. Production is scheduled to begin in 2029.Isabelle McKenzie, President and General Manager, BorgWarner PowerDrive Systems, said the programme extensions demonstrate the company’s position in power electronics and reflect the strength of its technology, in-house expertise and customer relationships.For plug-in hybrid vehicles, BorgWarner wil..

Castrol India Q2 Profit Rises 43% to Rs 3.48 bn

Castrol India reported a 43 per cent year-on-year increase in profit after tax to Rs 3.48 billion for the quarter ended June 30, 2026, supported by growth across its consumer, industrial and institutional businesses.Revenue from operations increased 25 per cent to Rs 18.71 billion during the second quarter of 2026, compared with Rs 14.97 billion in the corresponding period of 2025. EBITDA rose 41 per cent to Rs 4.94 billion from Rs 3.50 billion.Sequentially, revenue increased from Rs 15.45 billion in the first quarter of 2026, while EBITDA rose from Rs 3.29 billion. Profit after tax increased ..