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

04 May 2026

Jyoti Structures FY26 profit rises 56.5%

Jyoti Structures (JSL) recently reported strong financial results for the quarter and year ended 31 March 2026, driven by disciplined execution, cost management and steady progress across its order book.For Q4 FY2025-26, total income rose 44.2 per cent to Rs 2.41 billion from Rs 1.67 billion in Q4 FY2024-25. EBITDA increased 58.6 per cent to Rs 237 million, while EBITDA margin improved by 89 basis points to 9.84 per cent. Profit before tax grew 53.3 per cent to Rs 188.5 million, and net profit rose 51.9 per cent to Rs 181.4 million.For FY2025-26, total income grew 53.1 per cent to Rs 7.72 bill..

Infrastructure Energy

04 May 2026

Cat BEPU to Power Doppstadt Separator at IFAT 2026

Caterpillar’s Cat Battery Electric Power Unit (BEPU) has been selected by Doppstadt to power its SWS 6 Spiral Shaft Separator, which will be showcased for the first time at IFAT 2026 in Munich, Germany, from 4–7 May.The compact plug-and-play BEPU is designed to replace a diesel engine within the same space, using the same mounting locations and relative machine position. It integrates the battery, motor, inverter, onboard charging, cooling and controls, enabling OEMs to electrify existing chassis platforms without extensive redesign.Caterpillar and Cat dealer Zeppelin Power Systems have be..

Infrastructure Urban

04 May 2026

VECV sales rise 6.9% in April 2026

VE Commercial Vehicles, a joint venture between Volvo Group and Eicher Motors, recorded sales of 7,318 units in April 2026, compared to 6,846 units in April 2025, registering 6.9 per cent growth. The total included 7,159 units under the Eicher brand and 159 units under the Volvo brand.Eicher branded trucks and buses reported sales of 7,159 units during the month, up 6.6 per cent from 6,717 units in April 2025. In the domestic commercial vehicle market, Eicher sales rose 8.6 per cent to 6,797 units from 6,257 units a year earlier.Exports declined 21.3 per cent, with VECV recording 362 units in ..