Cochin Shipyard signs agreement with US Navy
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Gujarat, Tamil Nadu to establish hydrogen hubs at ports
India's momentum in introducing hydrogen as a fuel has been bolstered by the upcoming development of hydrogen hubs at the VO Chidambaranar (VOC) Port in Tamil Nadu and the Deendayal Port in Gujarat.
The shipping ministry has instructed these two ports to procure hydrogen-powered "green tug" boats, which are used to guide large ships into berths. They further added that the Cochin Shipyard is making significant progress in creating green tugs that operate on hydrogen.
As per a senior official familiar with the development, the Jawaharlal Nehru Port, Paradip Port, VOC Port, an..
Cochin Shipyard awarded contract by Indian Navy, declared as L1 bidder
India’s first water metro project in Kochi to begin in July 2022
The country’s first water metro project Kochi Water Metro, linking ten islands surrounding the port city Kochi will begin on a pilot basis in July 2022.
The integrated ferry transport project in the Greater Kochi region is presented by Kochi Metro Rail Limited (KMRL). It will be a socially inclusive transport system with an elite touch with an affordable label. Trial runs have already begun, and main terminal work has been completed. Kochi Water Metro, a subsidiary of Kochi Metro Rail Ltd, has streamlined 15 routes that cover 75 km, and the Cochin Shipyard Ltd is creating ..Nalanda Capital Sells Stake in Great Eastern Shipping
Nalanda Capital has divested a 1.4% stake in Great Eastern Shipping, a prominent player in the ports and shipping industry, for a total sum of Rs. 1.90 billion. This move comes amidst evolving market dynamics and reflects Nalanda Capital's strategic realignment of its investment portfolio.
The sale of shares in Great Eastern Shipping represents a calculated decision by Nalanda Capital to optimise its investment holdings and capitalise on market opportunities. The transaction, valued at Rs. 1.90 billion, underscores the investor's confidence in realising returns while maintaining flexibi..
Chabahar unveils India's infrastructure strategy
The centrepiece of the Narendra Modi government's agenda is the construction of an extensive network of roads, highways, tunnels, bridges, airports, metros, and high-speed trains. However, one crucial aspect of Modi's ambitious infrastructure overhaul remains hidden from the view of voters.
Last week, The Economist pointed out that while most Indians may not directly engage with certain sectors, such as ports, these areas undergo significant transformations that impact their lives. The magazine noted substantial enhancements in the capacity and efficiency of ports, illustrating a deep..