DP World & Kandla Port ink Rs 42 bn terminal deal

28 Aug 2023 CW Team

The project is a public-private partnership initiative, and the tender for it was floated the previous year. The project is expected to start its operations by early 2027. Once it is finished, the terminal will have a berth spanning 1,100 metres, and it will be able to handle next-generation vessels that have the capacity to carry more than 18,000 containers.

The annual capacity of the terminal will exceed 2 million twenty-foot-equivalent units (TEUs).

The primary aim of this new terminal is to meet the future requirements of the hinterland in the northern, western, and central regions of India. According to the shipping ministry, it is believed that this terminal will further enhance trade by linking businesses from these areas to international markets.

The government sees the strategic location of the terminal as a way to help reduce container logistics costs within the country. The agreement's duration covers a span of 30 years and can potentially be extended for an additional 20 years.

Sarbananda Sonowal, who is the Union minister for ports, shipping, and waterways, mentioned, "Once the terminal becomes operational, it will have a significant role in the government's ambitious goal of making India a hub for exports. Additionally, it will contribute to generating direct and indirect employment in various sectors such as transportation, distribution, and the supply chain."

Also read:
BOC aviation supports IndiGo's growth with Airbus aircraft financing
https://www.constructionworld.in/transport-infrastructure/aviation-and-airport-infra/boc-aviation-supports-indigo-s-growth-with-airbus-aircraft-financing/43623
Air India express aims for second place with 50 Boeing 737 max planes
https://www.constructionworld.in/transport-infrastructure/aviation-and-airport-infra/air-india-express-aims-for-second-place-with-50-boeing-737-max-planes/43622

Global shipping firm DP World has entered into a concession agreement with the Deendayal Port Authority (Kandla Port). The agreement is for the development of a container terminal in Tuna Tekra, which is a satellite facility. The estimated investment for this project amounts to Rs 42.43 billion. The project is a public-private partnership initiative, and the tender for it was floated the previous year. The project is expected to start its operations by early 2027. Once it is finished, the terminal will have a berth spanning 1,100 metres, and it will be able to handle next-generation vessels that have the capacity to carry more than 18,000 containers. The annual capacity of the terminal will exceed 2 million twenty-foot-equivalent units (TEUs). The primary aim of this new terminal is to meet the future requirements of the hinterland in the northern, western, and central regions of India. According to the shipping ministry, it is believed that this terminal will further enhance trade by linking businesses from these areas to international markets. The government sees the strategic location of the terminal as a way to help reduce container logistics costs within the country. The agreement's duration covers a span of 30 years and can potentially be extended for an additional 20 years. Sarbananda Sonowal, who is the Union minister for ports, shipping, and waterways, mentioned, Once the terminal becomes operational, it will have a significant role in the government's ambitious goal of making India a hub for exports. Additionally, it will contribute to generating direct and indirect employment in various sectors such as transportation, distribution, and the supply chain. Also read: BOC aviation supports IndiGo's growth with Airbus aircraft financing https://www.constructionworld.in/transport-infrastructure/aviation-and-airport-infra/boc-aviation-supports-indigo-s-growth-with-airbus-aircraft-financing/43623 Air India express aims for second place with 50 Boeing 737 max planes https://www.constructionworld.in/transport-infrastructure/aviation-and-airport-infra/air-india-express-aims-for-second-place-with-50-boeing-737-max-planes/43622

Infrastructure Urban

06 Apr 2026

InsideFPV Delivers ₹10 Crore Kamikaze Drone Order Under MoD’s EPR Route

InsideFPV, a Surat-based drone technology manufacturer, has successfully executed a ₹10 crore defence contract to supply indigenous kamikaze drones under the Ministry of Defence’s Emergency Procurement Route (EPR). The company completed the delivery of hundreds of FPV kamikaze drone platforms within a rapid two-month timeframe, highlighting its ability to meet urgent military procurement timelines.The supply orders were fulfilled under the emergency procurement mechanism, which is aimed at fast-tracking acquisitions for immediate operational needs. InsideFPV’s quick execution reflects it..

Infrastructure Energy

06 Apr 2026

Vedanta Resources Secures Fitch Upgrade to ‘BB-’, Best Rating Since 2015

Vedanta Resources Limited (VRL), a global player in metals, oil & gas, critical minerals, power and technology, has received a credit rating upgrade from Fitch Ratings, marking its strongest bond rating in over a decade.Fitch has raised Vedanta Resources’ Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘BB-’ from ‘B+’, while maintaining a Stable Outlook. The agency also upgraded VRL’s senior unsecured rating, along with the ratings of US dollar-denominated bonds issued by Vedanta Resources Finance II Plc and guaranteed by VRL, to ‘BB-’.The upgrade represents Vedan..

Real Estate

06 Apr 2026

NAREDCO NextGen NCR Chapter Launched

The NAREDCO NextGen NCR Chapter was recently launched at Excelerate 2026 in Mumbai, marking a key step towards integrating emerging real estate leaders from the National Capital Region with the national platform. The initiative aims to promote sustainable and responsible urban development through collaboration and knowledge exchange.The event brought together young developers, entrepreneurs, and professionals from across NCR, including Noida, Gurugram, Ghaziabad, Faridabad, Bhiwadi, and Meerut. Discussions focused on urban development, finance, sustainability, innovation, and policy, emphasisi..