Deendayal Port Authority Issues Tender For 2,000 Acre Of Land

06 Feb 2025 CW Team

State-owned Deendayal Port Authority which runs the port at Kandla in Gujarat, has called bids to allot 2,000 acres of land for setting up an integrated shipbuilding cluster on a 30-year lease on the back of announcements made in the Budget to boost the local shipbuilding industry. The bidders should have designed, executed and constructed a shipyard with so-called very large crude carrier (VLCC) class ship production capabilities to qualify for the auction. The port authority has set a provisional reserve price of Rs27,510 per acre per year. The final reserve price will be intimated to the bidders at the time of pre-bid clarification or before the opening of technical bids, the port authority wrote in the tender documents. The bidder has to offer a premium over and above the reserve price in terms of land lease rental in the auction to win the deal." The allottees will have to obtain all approvals from different authorities clearance from Gujarat Pollution Control Board, Coastal Regulatory Zone (CRZ), Environment & Forest Department, Chief Controller of Explosives, Nagpur, and other statutory clearance from various Departments as applicable under various Acts. The land will be put to tender-cum-auction per the Amended Land Policy Guidelines 2015 and subsequent clarification issued by the Ministry of Ports, Shipping and Waterways.

Real Estate

17 Sep 2025

Indian REITs Offer 6-7.5 per cent Yield, Surpassing Many Global Markets

Indian Real Estate Investment Trusts (REITs) are delivering average yields of 6–7.5 per cent for unitholders, outperforming many mature markets, including the US, according to a report by Credai and Anarock.Credai, the apex body of Indian real estate developers, and property consultant Anarock released the report Indian REITs – A Gateway to Institutional Real Estate at an event in India.Currently, India has five listed REITs – Brookfield India Real Estate Trust, Embassy Office Parks REIT, Mindspace Business Parks REIT, Nexus Select Trust, and Knowledge Realty Trust. Nexus Select Trust pr..

Insolation Energy Wins 226 MW Solar Projects Under PM-KUSUM

Insolation Energy on Monday announced securing multiple solar projects totalling 226.45 MW, with an investment of Rs 7.5 billion, under the PM-KUSUM scheme. The orders were awarded to its wholly-owned subsidiary, Insolation Green Energy Pvt Ltd, by Jaipur Vidyut Vitran Nigam Limited for 20 sites and Ajmer Vidyut Vitran Nigam Limited for 115 sites, the company informed the exchanges.“The combined SPV solar power plants will total 226.45 MW under PM-KUSUM Component A, with the final levelised tariff at Rs 3.04 per unit for 16 sites, Rs 2.82 per unit for 5 sites, Rs 2.75 per unit for 53 sites, ..

Numaligarh Refinery Awards EPC Contract for Rooftop Solar Projects

State-owned Numaligarh Refinery Ltd. (NRL) has awarded a Letter of Award to Solarium Green Energy Ltd. for the rate contract covering the Engineering, Procurement, and Construction (EPC) of grid-connected rooftop solar PV projects at various locations. The projects fall within the categories of 51–200 kW and 201–1000 kW. Notable projects include a 140 kW rooftop solar plant at NRL Assam, a 760 kW plant at NRL Assam, and a 280 kW plant at NRL West Bengal.The supply order covers ex-manufacturing works and the dispatch price for plant and equipment for the 140 kW, 760 kW, and 280 kW rooftop s..