IPGL consider Gulf entities for equipment procurement for Chabahar Port

24 Oct 2023 CW Team

India Ports Global (IPGL) is exploring solutions to acquire cranes and container handling equipment for Chabahar Port in Iran. One option being considered involves a partnership with an entity based in Abu Dhabi, Dubai, or Sharjah, which would procure the equipment and facilitate their transfer to the India-funded port. This initiative stems from the challenges faced by IPGL in purchasing equipment, which has hindered the full-scale operation of Chabahar Port for six years.

Previously, IPGL had issued tenders for equipment procurement, but these efforts were unsuccessful due to non-participation by suppliers, despite multiple deadline extensions. To overcome this hurdle, IPGL is now exploring a new approach. An entity from Abu Dhabi, Dubai, or Sharjah will acquire the necessary equipment and have it delivered to their respective ports. From there, the equipment will be transported to Chabahar Port.

The difficulty in procuring equipment dates back to 2017 when suppliers refrained from bidding on contracts due to sanctions imposed on Iran by Western nations concerning its nuclear program. Although the United States issued a document exempting Chabahar Port from these sanctions, it lacked clarity, leading banks to reject it. Consequently, equipment manufacturers struggled to open letters of credit, essential for finalising the deals. Despite these challenges, India remains persistent in its efforts to facilitate the smooth operation of Chabahar Port.

Infrastructure Urban

06 Apr 2026

CFI Appoints New National Council for FY27 and FY28

The Construction Federation of India (CFI) has announced its newly elected National Council and office bearers for a two-year term covering FY27 and FY28. M. V. Satish, Advisor to CMD and Lead Ambassador for Middle East, L&T, has been elected President; Priti Patel, Chief Strategy & Growth Officer, Tata Projects, has been appointed Vice President; and Ajit Bhate, Managing Director, Precast India Infrastructures, has taken charge as Treasurer.The newly formed National Council brings together senior leaders from major EPC and infrastructure companies, reflecting CFI’s continued focus o..

India REIT Market Gains Momentum with Strong Returns

India’s Real Estate Investment Trust (REIT) market is witnessing strong growth, emerging as a competitive investment avenue both domestically and across Asia. According to a recent ANAROCK report released at EXCELERATE 2026 by NAREDCO Maharashtra NextGen, the sector is evolving into a mature asset class driven by solid fundamentals, regulatory backing and rising investor confidence.The introduction of Small and Medium REITs (SM REITs) in 2025 has further widened access through fractional ownership, unlocking a potential monetisation opportunity of Rs 670–710 billion. Indian REITs have deli..

G R Infraprojects Secures Rs 4,130 Million BESS Contract From NTPC

G R Infraprojects said it has secured a contract from NTPC to supply and implement a battery energy storage system (BESS) valued at Rs 4,130 million (mn). The company reported the order was awarded as part of NTPC's ongoing efforts to enhance grid flexibility and energy storage capacity. The contract represents a notable addition to the firm's project pipeline and underscores demand for utility scale storage solutions. The award is expected to strengthen G R Infraprojects' presence in the energy infrastructure sector and to contribute to the firm's order book and future revenues, subject to st..