Kolkata Port inks 21 MoUs in 36,000cr deal

19 Oct 2023 CW Team

In a groundbreaking move towards driving industrialization through port development, Syama Prasad Mookherjee Port, Kolkata, announced a monumental deal worth ?3.6 billion (Rs 36,000 crore) with various companies during the third edition of the Global Maritime India Summit 2023, held in Mumbai on Tuesday.

Rathendra Raman, Chairperson of SMP, Kolkata, played a pivotal role in this historic agreement by signing 21 Memorandums of Understanding (MoUs) with a diverse array of government agencies and private partners. These MoUs encompass vital areas such as port connectivity, capacity enhancement, and green energy projects, all of which align with the Vision 2047 initiative.

Notable agreements include a partnership with NTPC for the development of green energy and ammonia projects, as well as collaboration with GRSE for the supply of environmentally friendly marine vessels. The event also witnessed the inauguration of the first Public-Private Partnership (PPP) project for the Kolkata Dock System at SMP, named "Rejuvenation of KPD - Dock 1 (West)," by Prime Minister Narendra Modi.

This momentous development marks a significant stride towards the modernization and sustainable growth of Syama Prasad Mookherjee Port, Kolkata, underscoring its commitment to fostering economic progress and environmental sustainability in the region.

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..