JNPT, CIDCO sign up to develop infra for PAPs

25 Jan 2021 CW Team

India's premier container port Jawaharlal Nehru Port Trust (JNPT) signed a Memorandum of Understanding (MoU) with City and Industrial Development Corporation (CIDCO) for allotment of land under the 12.5% scheme to JNPT Project Affected Persons (PAPs).

In May 2019, the Ministry of Ports, Shipping and Waterways (MoPSW) approved JNPT's proposal for the development of basic infrastructure of land to be allotted under 12.5% scheme of Government of Maharashtra to JNPT PAPs by CIDCO at a maximum cost of Rs 376.20 crore.

According to the MoU, JNPT will transfer over 111 hectares of its land to the State Government for allotment of land to the PAPs, and CIDCO has agreed for the project management contract (PMC) charges at 5% of the project cost. The MoU states that JNPT would pay CIDCO, the actual amount incurred by CIDCO towards developing the said land. CIDCO has agreed to complete the entire work within 36 months.

In addition to transferring the said 111 hectares of the JNPT land, CIDCO will develop the required infrastructure and amenities as per the finalised layout which will be allotted to the JNPT PAPs. JNPT will release the funds in instalments based on actual utilisation certificates issued by CIDCO from time to time. It has also been agreed that until the infrastructure is handed over to local authority, CIDCO will be the area's special planning authority. CIDCO will also bear the infrastructure maintenance cost.

As reported, JNPT has big plans to generate employment by developing its Special Economic Zone by attracting both public and private investments.

Also read: Maharashtra Maritime Board explores PPP to build Vadhawan Port

Infrastructure Energy

22 Oct 2025

KEC Secures Rs 10, 380 Mn Substation Order in Saudi Arabia

KEC International Ltd., a global infrastructure EPC major, and an RPG Group company, has secured a new order worth Rs 10,380 million for the Design, Supply and Installation of a 380 kV GIS Substation in Saudi Arabia.Vimal Kejriwal, MD & CEO, KEC International Ltd., commented, “We are delighted with the successive order wins in our T&D business. In a landmark achievement, we have secured our largest ever substation order. This prestigious order in the Middle East has widened our portfolio and strengthened our presence in the region. With this strategic win, our year-to-date or..

Central Bank of India executes first fully digital SCF deal on PSB Xchange

In a major advancement for India’s banking sector, Central Bank of India (CBI) has successfully completed the country’s first fully digital supply chain finance (SCF) transaction on PSB Xchange—a unified multi-lender platform launched by PSB Alliance. PSB Xchange is designed to connect public and private sector banks, NBFCs, and fintechs with corporates and their channel partners to facilitate supply chain finance and small business loans. The transaction marks the first time a fintech-originated corporate lead has been seamlessly processed through the PSB Xchange ecosystem. The lead fl..

Atlanta Electricals secures Rs 1,835 Mn transformer order from BNC Power

Atlanta Electricals Limited (“Atlanta”) has secured an order worth Rs 1,835 million from BNC Power Projects Ltd for the supply of extra high voltage (EHV) transformers and a bus reactor for its Pugal site. The contract includes a mix of 315 MVA, 400 KV and 100 MVA, 132 KV transformers along with a 400 KV bus reactor. The project scope encompasses design, manufacturing, testing, and supply to the project site. Deliveries will be sequenced following engineering and drawing approvals, offering multi-quarter execution visibility and ensuring a steady production run-rate. The order will be ex..