Mandovi, Ripley Form JV for $24M Shipyard at Kolkata Port

25 Feb 2025 CW Team

The facility will initially focus on building 6,000-8,000-ton ships before scaling up to 15,000 and 25,000-ton vessels within the first five to six years. Eventually, the partners plan to construct Panamax-size ships, with total investments projected to reach $240 million across all phases. The lease deal, finalized through a tender process, is set for execution in the coming days.

Strengthening India’s Shipbuilding Footprint Mandovi Drydocks operates shipyards in Bicholim (North Goa), Rassaim (South Goa), and Dabol (Maharashtra). Meanwhile, Ripley Group, founded by Swapan Sadhan Bose, has a strong foothold in port operations at Haldia, Paradip, and Visakhapatnam and has expanded into ship ownership and management via Dubai-based Panbulk Shipping DMCC, led by Shoumik Bose.

The initiative aligns with India’s push to monetize major port land by leasing it to private shipyards for shipbuilding and repairs. The government aims to strengthen domestic shipbuilding capabilities amid increasing global demand.

Maritime Sector Expands with New Projects Recent developments in India's maritime sector underscore growing private-sector involvement. Last year, Cochin Shipyard Ltd inaugurated a $116 million international ship repair facility at Willingdon Island, Cochin Port, enhancing the country’s ship maintenance capacity.

Additionally, Deendayal Port Authority (Kandla, Gujarat) has invited bids for 2,000 acres of land on a 30-year lease to develop an integrated shipbuilding cluster, further demonstrating the sector’s rapid expansion.

A senior industry executive noted, “This project will add much-needed shipbuilding and repair capacity in the eastern region, reinforcing India's position in the global maritime sector.”

Image Source: Maritime Gateway

Goa-based Mandovi Drydocks and Kolkata’s Ripley Stevedoring and Shore Handling Pvt Ltd have formed an equal joint venture to develop a shipbuilding and repair facility at Syama Prasad Mookerjee Port (formerly Kolkata Port). The venture will lease 121 acres of port land for 30 years, with an initial investment of $24 million. The facility will initially focus on building 6,000-8,000-ton ships before scaling up to 15,000 and 25,000-ton vessels within the first five to six years. Eventually, the partners plan to construct Panamax-size ships, with total investments projected to reach $240 million across all phases. The lease deal, finalized through a tender process, is set for execution in the coming days.Strengthening India’s Shipbuilding Footprint Mandovi Drydocks operates shipyards in Bicholim (North Goa), Rassaim (South Goa), and Dabol (Maharashtra). Meanwhile, Ripley Group, founded by Swapan Sadhan Bose, has a strong foothold in port operations at Haldia, Paradip, and Visakhapatnam and has expanded into ship ownership and management via Dubai-based Panbulk Shipping DMCC, led by Shoumik Bose. The initiative aligns with India’s push to monetize major port land by leasing it to private shipyards for shipbuilding and repairs. The government aims to strengthen domestic shipbuilding capabilities amid increasing global demand. Maritime Sector Expands with New Projects Recent developments in India's maritime sector underscore growing private-sector involvement. Last year, Cochin Shipyard Ltd inaugurated a $116 million international ship repair facility at Willingdon Island, Cochin Port, enhancing the country’s ship maintenance capacity. Additionally, Deendayal Port Authority (Kandla, Gujarat) has invited bids for 2,000 acres of land on a 30-year lease to develop an integrated shipbuilding cluster, further demonstrating the sector’s rapid expansion. A senior industry executive noted, “This project will add much-needed shipbuilding and repair capacity in the eastern region, reinforcing India's position in the global maritime sector.”Image Source: Maritime Gateway

Infrastructure Urban

06 Apr 2026

CFI Appoints New National Council for FY27 and FY28

The Construction Federation of India (CFI) has announced its newly elected National Council and office bearers for a two-year term covering FY27 and FY28. M. V. Satish, Advisor to CMD and Lead Ambassador for Middle East, L&T, has been elected President; Priti Patel, Chief Strategy & Growth Officer, Tata Projects, has been appointed Vice President; and Ajit Bhate, Managing Director, Precast India Infrastructures, has taken charge as Treasurer.The newly formed National Council brings together senior leaders from major EPC and infrastructure companies, reflecting CFI’s continued focus o..

Infrastructure Urban

06 Apr 2026

India REIT Market Gains Momentum with Strong Returns

India’s Real Estate Investment Trust (REIT) market is witnessing strong growth, emerging as a competitive investment avenue both domestically and across Asia. According to a recent ANAROCK report released at EXCELERATE 2026 by NAREDCO Maharashtra NextGen, the sector is evolving into a mature asset class driven by solid fundamentals, regulatory backing and rising investor confidence.The introduction of Small and Medium REITs (SM REITs) in 2025 has further widened access through fractional ownership, unlocking a potential monetisation opportunity of Rs 670–710 billion. Indian REITs have deli..

Infrastructure Energy

06 Apr 2026

G R Infraprojects Secures Rs 4,130 Million BESS Contract From NTPC

G R Infraprojects said it has secured a contract from NTPC to supply and implement a battery energy storage system (BESS) valued at Rs 4,130 million (mn). The company reported the order was awarded as part of NTPC's ongoing efforts to enhance grid flexibility and energy storage capacity. The contract represents a notable addition to the firm's project pipeline and underscores demand for utility scale storage solutions. The award is expected to strengthen G R Infraprojects' presence in the energy infrastructure sector and to contribute to the firm's order book and future revenues, subject to st..