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

06 Jul 2026

ABS Marine Sees CRISIL Credit Rating Upgrade

ABS Marine Services has secured an upgrade to its long term and short term credit ratings from CRISIL, reflecting improved profitability and revenue growth through long term contracts. CRISIL moved the long term rating from BBB+/Stable to A-/Stable and revised the short term rating from A2 to A2+. The action signals strengthened financial metrics and operational resilience. The company benefited from durable client relationships with firms such as ONGC and Schlumberger. The rating decision followed stronger cash flows and an enlarged bank loan facility, which increased from Rs 3,705 million (m..

Project BRAHMANK Marks 16 Years Of Strategic Roads In Arunachal

Project BRAHMANK is marking 16 years of work to establish strategic road and bridge links across Arunachal Pradesh, maintaining and developing 811 kilometres of roads and nearly 86 bridges that range from small culverts to large steel and arch bridges. These transport links are described as critical for ensuring year-round movement of defence personnel, equipment and essential supplies while improving everyday travel for people in remote villages. The project balances national security requirements with regional development by focusing on reliable access in challenging terrain. Notable enginee..

Longleng CSOs Give One Week Ultimatum Over Two-Lane Highway

Civil society organisations (CSOs) in Longleng district have demanded immediate restoration of the deteriorating Changtongya–Longleng two-lane road and sought a detailed status report on the stalled construction within one week. The demand followed a consultative meeting convened under the Phom Peoples' Council (PPC) to discuss welfare and development concerns. PPC president YB Angam Phom said prolonged non-maintenance had caused hardship to commuters and affected transportation, local commerce and the district's development. The meeting urged authorities to undertake immediate restoration a..