DP World signs concession pact for tuna-tekra terminal

11 Aug 2023 CW Team

Deendayal Port Authority, the operator of Kandla port in Gujarat, is set to finalise a concession agreement with global port giant DP World Ltd to establish a state-of-the-art container terminal at Tuna Tekra. The eagerly anticipated deal had faced delays due to a legal dispute. The planned terminal, with an annual capacity of 2.19 million TEUs, will require an investment of Rs 42.43 billion. Notably, Deendayal Port Authority will contribute Rs 2.96 billion for vital infrastructure development.

The concession agreement holds significance as a pivotal project under the National Infrastructure Pipeline. Union Minister Sarbananda Sonowal will oversee the signing ceremony. However, the project encountered obstacles, including a public interest litigation contesting environmental clearances. Although the Gujarat High Court didn't stay the concession agreement, DP World expressed reservations due to the PIL. This partnership is a strategic move for DP World, following its triumph over Adani Ports in winning the 30-year contract. DP World's commitment to the project is underscored by its highest-ever royalty bid of Rs 6,500 per TEU, reflecting the company's confidence in its potential.

Infrastructure Urban

30 May 2026

Panasonic Showcases Connected Display Solutions

Panasonic Life Solutions India showcased its integrated display, projection, broadcast and communication technologies at Panasonic Tech Summit 2026 in New Delhi. Hosted through its System Solutions Division, the two-day event highlighted connected technology solutions for education, healthcare, retail, transportation, corporate offices and entertainment.The summit, themed ‘Turning Technology into Value’, featured experience-led zones covering QSR, retail, transit, corporate offices, healthcare, education, security, projection, home theatre and professional displays. Panasonic also introduc..

Kapsch to Deliver India’s First C-ITS Project

"Kapsch TrafficCom will deliver India’s first Cooperative Intelligent Transport Systems project on a key expressway near New Delhi. The project will be implemented with Superwave Communication And Infrasolution Limited to demonstrate how connected mobility can improve road safety and traffic efficiency.The pilot will use real-time connectivity and AI-enabled situational awareness to support road users, especially in high-risk areas such as temporary work zones. Drivers will receive alerts on roadworks, maintenance vehicles, hazardous locations, traffic queues and temporary virtual signage di..

Eurobond Net Profit Rises 44 Per Cent

Euro Panel Products, the parent company of Eurobond, reported a 44.13 per cent year-on-year rise in net profit for FY25–26. The company’s revenue from operations grew 18.91 per cent to Rs 503.20 crore, compared to Rs 423.18 crore in the previous financial year.The company’s full-year EBITDA stood at Rs 56.67 crore, marking a 31.82 per cent increase. Profit after tax rose to Rs 26.56 crore, while net worth increased 20.15 per cent to Rs 160.07 crore. Earnings per share for the year stood at Rs 10.84.Divyam Rajesh Shah, Whole Time Director and CFO, Euro Panel Products, said the company’s..