APM Terminals Invests ?3.32 Billion in Pipavav Port Expansion

22 Jan 2024 CW Team

In a groundbreaking move, APM Terminals Management has committed a staggering investment of ?3.32 billion for the extensive expansion of Pipavav Port. This ambitious initiative aims to catapult the port's capacity, enhancing its pivotal role in the shipping and logistics sector. The decision comes amid optimistic prospects for a concession extension, further reinforcing the port's strategic significance. The substantial investment signifies APM Terminals' unwavering commitment to fortifying Pipavav Port's infrastructure. The infusion of funds will be instrumental in implementing state-of-the-art technologies, expanding berthing facilities, and upgrading cargo handling capabilities. This strategic move aligns with the port's vision to emerge as a key player in the global maritime landscape. The port expansion is poised to unlock new avenues for trade and commerce, facilitating seamless movement of goods and fostering economic growth. The development is anticipated to create employment opportunities, stimulate local businesses, and bolster the region's economic prosperity. As discussions on concession extension brighten, this financial commitment by APM Terminals not only underscores confidence in Pipavav Port's potential but also sets the stage for transformative growth. The infusion of ?3.32 billion will undoubtedly reshape the port's future, positioning it as a leading hub for international trade and maritime activities.

Real Estate

06 Apr 2026

MAIA Estates Launches ‘The Seven’ in South Bengaluru

MAIA Estates has recently announced the launch of ‘The Seven’, a premium residential development in Basavanagudi, South Bengaluru. The project comprises twin towers across a 3.67-acre site, offering 128 exclusive 4 BHK+ residences spread over 36 storeys, with a total saleable area of around 6,00,000 sq ft. Completion is targeted by 2029.Developed under a joint development agreement, the project is backed by Rs 1.2 billion in institutional funding from Arnya Real Estate Fund – Debt. The launch marks the company’s entry into South Bengaluru, a micro-market characterised by limited premiu..

Hindustan Zinc Reports Record FY26 Production

Hindustan Zinc Limited recently reported its production performance for the fourth quarter and financial year ended March 31, 2026, recording its highest-ever output across key segments.Mined metal production reached a record 315 kt in 4QFY26 and 1,114 kt for FY26, supported by higher ore output and improved grades. Refined metal output stood at 282 kt for the quarter, driven by capacity enhancements at Chanderiya and Dariba, alongside improved operational efficiency.Refined zinc production rose to 851 kt in FY26, up 3 per cent year-on-year, supported by debottlenecking projects and expanded r..

CFI Appoints New National Council for FY27 and FY28

The Construction Federation of India (CFI) has announced its newly elected National Council and office bearers for a two-year term covering FY27 and FY28. M. V. Satish, Advisor to CMD and Lead Ambassador for Middle East, L&T, has been elected President; Priti Patel, Chief Strategy & Growth Officer, Tata Projects, has been appointed Vice President; and Ajit Bhate, Managing Director, Precast India Infrastructures, has taken charge as Treasurer.The newly formed National Council brings together senior leaders from major EPC and infrastructure companies, reflecting CFI’s continued focus o..