Major port cargo traffic rose by over 3% in May

04 Jun 2024 CW Team

Twelve of the nation's major ports handled 72.04 million tonne (MT) of cargo in May, up 3.75% year over year from 69.43 MT in the same month of 2023; nine of these ports saw increases. According to statistics given by the main ports' apex organisation, the Indian Ports Association (IPA), Visakhapatnam Port had the largest cargo growth in cargo handling during the reporting month at 22.05%. Chennai Port, Cochin Port, Mumbai Port, and Chennai Port came in second, third, and fourth, respectively. The twelve principal ports are: Jawaharlal Nehru Port, Deendayal (Kandla), Mumbai, Mormugao, New Mangalore, Cochin, Chennai, Ennore (Kamarajar), Tuticorin (V O Chidambaranar), Visakhapatnam, Paradip, and Kolkata (including Haldia). The IPA reports that VO Chidambaranar Port's cargo handling increased by 5.59% in the previous month, compared to 4.27% at Paradip Port, 3.49% at Deendayal Port, 1.87% at New Mangalore Port, and 1.78% at JNPA. According to the IPA, the ports that suffered a decrease in cargo handling in May of this year were SMP, Kolkata Port, which saw a 15.70 drop, Kamarajar Port, and Mormugao Port, which saw declines of 3.58% and 10.55 percent, respectively. It said that total traffic at Kolkata's Syama Prasad Mookerjee Port fell by 15.70% in the previous month, while traffic at Haldia Dock Complex (HDC) fell by 18.32% and at Kolkata Dock System (KDS) by 3.71%. IPA attributed the fall in cargo handling traffic at KDS to a reduction in coking and other coal by -71.75% and finished fertilisers by 43.53%, among others. This was followed by Paradip Port with 12.64 MT and 17.55% share, Visakhapatnam Port at 8.57 MT with 11.90% share, JNPA at 7.45 MT with 10.34% share, and Mumbai Port at 5.79 MT with 8.044% share, according to the IPA.

Infrastructure Energy

09 Jan 2026

Rajesh Power Secures 65 MW BESS Project in Gujarat

Rajesh Power Services has recently secured a 65 MW / 130 MWh standalone Battery Energy Storage System (BESS) project in Gujarat, marking its entry into utility-scale energy storage. The company received a Letter of Intent from Gujarat Urja Vikas Nigam for the project, which will be developed at Virpore under a tariff-based competitive bidding mechanism supported by Viability Gap Funding through the Power System Development Fund.The project is expected to be executed within 18 months from the signing of the Battery Energy Storage Purchase Agreement. With the ability to supply 65 MW of power for..

ONGC Forms JV with MOL for Ethane Shipping Operations

Oil and Natural Gas Corporation (Oil and Natural Gas Corporation) has recently entered the ethane shipping segment through joint venture agreements with M/s Mitsui O.S.K. Lines Ltd (Mitsui O.S.K. Lines), Japan. The agreements involve equity participation in two joint venture entities—Bharat Ethane One IFSC Private Limited and Bharat Ethane Two IFSC Private Limited—registered at GIFT City, Gandhinagar.Under the arrangement, ONGC will subscribe to 2,00,000 equity shares of Rs 100 each in both entities, resulting in a 50 per cent equity holding in each joint venture, with the remaining stake ..

Waaree Energy Storage Raises Rs 10.03 Billio for 20 GWh Plant

Waaree Energy Storage Solutions Private, a subsidiary of Waaree Energies, has recently completed a strategic fund raise of around Rs 10.03 billion from a group of strategic investors, including family offices, high-net-worth individuals and institutional backers. The funding strengthens the company’s position in India’s rapidly expanding energy storage ecosystem.The capital raise forms part of an announced capital expenditure programme of nearly Rs 100 billion for setting up a 20 GWh advanced lithium-ion cell and battery pack manufacturing facility. The plant will manufacture high-performa..