+
DP World to Develop Kandla Container Terminal
PORTS & SHIPPING

DP World to Develop Kandla Container Terminal

The Deendayal Port Authority (DPA) and DP World have signed a concession agreement for the development of the Tuna Tekra all-weather deep container terminal at Kandla port. DP World will invest Rs 45 million in the project, resulting in a 1,100-meter-long berth capable of handling next-generation vessels. Once completed, the terminal will have an annual capacity of 2.19 million TEUs. This development, part of the India Middle East Europe Economic Corridor (IMEC) initiative, is expected to significantly reduce trade time between India and Europe compared to the Suez Route.

Indian Prime Minister Narendra Modi, speaking at the foundation laying ceremony, emphasised the transformational impact of IMEC, which includes mega ports, international container transshipment ports, island development, inland waterways development, multimodal hub development, and more. These initiatives, along with programs like Sagarmala and PM GatiShakti, aim to enhance coastal infrastructure, foster employment growth, and improve the quality of life for people in these regions.

The Deendayal Port Authority (DPA) and DP World have signed a concession agreement for the development of the Tuna Tekra all-weather deep container terminal at Kandla port. DP World will invest Rs 45 million in the project, resulting in a 1,100-meter-long berth capable of handling next-generation vessels. Once completed, the terminal will have an annual capacity of 2.19 million TEUs. This development, part of the India Middle East Europe Economic Corridor (IMEC) initiative, is expected to significantly reduce trade time between India and Europe compared to the Suez Route. Indian Prime Minister Narendra Modi, speaking at the foundation laying ceremony, emphasised the transformational impact of IMEC, which includes mega ports, international container transshipment ports, island development, inland waterways development, multimodal hub development, and more. These initiatives, along with programs like Sagarmala and PM GatiShakti, aim to enhance coastal infrastructure, foster employment growth, and improve the quality of life for people in these regions.

Next Story
Real Estate

Heena Lalwani Buys Rs 1.13 Billion Juhu Apartment

Heena Lalwani, promoter of Aatman Innovations Private Limited, has purchased a luxury apartment worth Rs 1.13 billion in Mumbai’s upscale Juhu locality, according to property registration documents accessed by Zapkey.com.The 9,862 sq ft apartment, located on the 10th floor of Lodha Developers’ Avalon Tower, was acquired at Rs 115,000 per sq ft and comes with five car parking spaces. The deal, registered on 18 August 2025, also included the payment of Rs 68 million in stamp duty and a Rs 30,000 registration fee.Lodha Developers did not respond to queries regarding the transaction, while the..

Next Story
Real Estate

Godrej Buys KPHB Land for Rs 7 Billion in E-Auction

An acre of prime land in Kukatpally Housing Board (KPHB), Hyderabad, was auctioned for Rs 7 billion, with the Telangana Housing Board generating Rs 5.47 billion from the sale of 7.8 acres through e-auction on 20 August 2025.The auction notification was issued last month, attracting bids from Godrej Properties, Aurobindo Realty, Prestige Estates, and Ashoka Builders, according to Board vice-chairman V.P. Gautham. With an offset price of Rs 4 billion per acre, the three-hour auction saw 46 bid increases, before Godrej Properties acquired the land.Revenue generated from the auction will be utilis..

Next Story
Real Estate

HMDA to Auction 93 Prime Plots in September

The Hyderabad Metropolitan Development Authority (HMDA) is preparing to conduct a three-day auction of prime open plots across Hyderabad, Rangareddy, and Medchal-Malkajgiri districts this September.According to official reports, the e-auction will take place on 17, 18, and 19 September, offering 93 plots. Of these, 70 are located in the Bachupally HMDA layout, with the remainder spread across Turkayamjal, Kokapet, Poppalguda, Chandanagar, Bairagiguda, Gandi Maisamma, Suraram, Medipally, and Bachupally village.The highest upset price has been fixed at Rs 175,000 per square yard for a land parce..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?