Maharashtra to Get Rs 270 Billion Shipbuilding Cluster
PORTS & SHIPPING

Maharashtra to Get Rs 270 Billion Shipbuilding Cluster

Mazagon Dock Shipbuilders Ltd (MDL) will invest around Rs 27,000 crore to develop a greenfield shipbuilding cluster at Dighi Port in Maharashtra’s Raigad district. The project is expected to create nearly 90,000 employment opportunities, according to the state government.

MDL has signed a memorandum of understanding (MoU) with National Shipbuilding and Heavy Industries Park Maharashtra Ltd (NSHIPML) for the development of the project in the presence of Maharashtra Chief Minister Devendra Fadnavis.

Under the agreement, MDL aims to establish an annual shipbuilding capacity of at least 2 million gross tonnes at Dighi. The facility is expected to support the construction of large commercial vessels and strengthen India’s maritime manufacturing capabilities.

The greenfield shipbuilding cluster is being developed jointly by the Maharashtra Maritime Board and Mumbai Port Authority through NSHIPML, a special-purpose company established for the project.

The initiative is expected to enhance Maharashtra’s maritime infrastructure, support industrial growth and strengthen the country’s shipbuilding ecosystem.

Mazagon Dock Shipbuilders Ltd (MDL) will invest around Rs 27,000 crore to develop a greenfield shipbuilding cluster at Dighi Port in Maharashtra’s Raigad district. The project is expected to create nearly 90,000 employment opportunities, according to the state government.MDL has signed a memorandum of understanding (MoU) with National Shipbuilding and Heavy Industries Park Maharashtra Ltd (NSHIPML) for the development of the project in the presence of Maharashtra Chief Minister Devendra Fadnavis.Under the agreement, MDL aims to establish an annual shipbuilding capacity of at least 2 million gross tonnes at Dighi. The facility is expected to support the construction of large commercial vessels and strengthen India’s maritime manufacturing capabilities.The greenfield shipbuilding cluster is being developed jointly by the Maharashtra Maritime Board and Mumbai Port Authority through NSHIPML, a special-purpose company established for the project.The initiative is expected to enhance Maharashtra’s maritime infrastructure, support industrial growth and strengthen the country’s shipbuilding ecosystem.

Related Stories

Gold Stories

Next Story
Resources

K Raheja Corp Homes hosts Joyfest 2.0 at Navi Mumbai project

K Raheja Corp Homes hosted the second edition of Joyfest at Raheja Jade City in Juinagar, Navi Mumbai, bringing together more than 500 residents and visitors for an evening of games, music and family activities.The event, themed ‘Streets of India’, drew inspiration from traditional Indian fairs and included food stalls, interactive games and entertainment for different age groups. Activities included virtual reality cricket, balloon shooting, motion dance, Ring the Pot and Hit the Tins. A jumping castle, bubble artist and mascots added to the attractions.Participants also took part in diya..

Next Story
Real Estate

Ashiana Housing launches third phase of Chennai senior living project

Ashiana Housing has launched Phase 3 of Ashiana Vatsalya, its active senior living project in Chennai. The new phase will add 168 residential units, with an estimated investment of Rs 1.004 billion. Construction is scheduled for completion by March 2029.Spread across 17.9 acre, the new phase will offer one-, two-, and three-bedroom homes priced between Rs 8.5 million and Rs 16.9 million. The International Finance Corporation (IFC) will fund the investment.The larger development includes a 42,000 sq ft clubhouse, 6.3 acres of landscaped and park areas, and more than 40 lifestyle and sports amen..

Next Story
Infrastructure Transport

Seco Marks 30 Years in India, Strengthens Pune Operations Wins Rs 8.39 Billion Vande Bharat Sleeper Orders

"Wabtec Corporation (NYSE: WAB) has secured orders worth approximately US$94 million (Rs 8.39 billion, or Rs 8,390 million) from Indian Railways for systems for the Vande Bharat Sleeper programme. The equipment is intended to increase service availability, simplify maintenance and improve passenger safety.Wabtec will supply onboard brake systems, doors and gangway solutions. Its scope also includes system delivery, integration support, testing, commissioning and long-term operational reliability support.Pascal Schweitzer, President, Wabtec Transit, said the orders reflect the company’s commi..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code