Mumbai Port Unveils Rs 35,412.9 Million Project Pipeline
PORTS & SHIPPING

Mumbai Port Unveils Rs 35,412.9 Million Project Pipeline

Mumbai Port Authority unveiled projects totalling Rs 35,412.9 million (mn) to upgrade berths, develop a marina, improve connectivity and enhance the waterfront to expand cargo handling and boost tourism. The package was announced during the authority's 154th Foundation Day in the presence of the Union Minister for Ports, Shipping and Waterways. The authority said the works will bolster non-port revenue.

In addition to the Rs 35,412.9 million pipeline, seven projects worth Rs 1,322.9 million are ready for inauguration while 34 projects totalling Rs 13,545.9 million await foundation stones. Key initiatives include modernisation of berths at Indira Dock, expanded cargo storage, a new crude oil berth, solar rooftop installations, enhanced surveillance and digitalisation. Officials also outlined plans for the Mumbai Marina as part of eastern waterfront improvement.

The port has moved to monetise assets by awarding clusters of berths at Indira Dock, granting the first cluster of 10 berths to J M Baxi Ports & Logistics and a second cluster of 11 berths to M Dinshaw & Co. The first award is expected to yield about Rs 7,700 million over 10 years and the second about Rs 2,170 million. Lease deals and operating contracts are projected to generate further revenues totalling tens of thousands of million rupees over the next decade.

In fiscal year 2026 Mumbai Port handled 75.15 million tonnes (mn t), up 9.5 per cent year-on-year and the highest volume recorded, accounting for an 8.22 per cent share of major port cargo in India. The port reported strong shares in iron and steel EXIM, liquid bulk and coastal trade and aims to reach 80 million tonnes. The minister highlighted wider maritime growth and said the number of Indian seafarers rose from 117,000 to more than 320,000 since 2014.

Mumbai Port Authority unveiled projects totalling Rs 35,412.9 million (mn) to upgrade berths, develop a marina, improve connectivity and enhance the waterfront to expand cargo handling and boost tourism. The package was announced during the authority's 154th Foundation Day in the presence of the Union Minister for Ports, Shipping and Waterways. The authority said the works will bolster non-port revenue. In addition to the Rs 35,412.9 million pipeline, seven projects worth Rs 1,322.9 million are ready for inauguration while 34 projects totalling Rs 13,545.9 million await foundation stones. Key initiatives include modernisation of berths at Indira Dock, expanded cargo storage, a new crude oil berth, solar rooftop installations, enhanced surveillance and digitalisation. Officials also outlined plans for the Mumbai Marina as part of eastern waterfront improvement. The port has moved to monetise assets by awarding clusters of berths at Indira Dock, granting the first cluster of 10 berths to J M Baxi Ports & Logistics and a second cluster of 11 berths to M Dinshaw & Co. The first award is expected to yield about Rs 7,700 million over 10 years and the second about Rs 2,170 million. Lease deals and operating contracts are projected to generate further revenues totalling tens of thousands of million rupees over the next decade. In fiscal year 2026 Mumbai Port handled 75.15 million tonnes (mn t), up 9.5 per cent year-on-year and the highest volume recorded, accounting for an 8.22 per cent share of major port cargo in India. The port reported strong shares in iron and steel EXIM, liquid bulk and coastal trade and aims to reach 80 million tonnes. The minister highlighted wider maritime growth and said the number of Indian seafarers rose from 117,000 to more than 320,000 since 2014.

Next Story
Resources

K2 Infragen appoints D K Raju to lead HAM projects

K2 Infragen has appointed D K Raju as Senior Vice President to lead its Hybrid Annuity Model (HAM) project portfolio, strengthening the company's execution capabilities as it expands its infrastructure business.Raju brings more than 27 years of experience in infrastructure project execution, planning, quantity surveying, tendering and technical operations. He has previously held senior positions at HG Infra Engineering, Allone Infra and Techno Unique Infratech.In his new role, Raju will oversee execution of K2 Infragen's Rs 3.91 billion Telangana road project under the Hybrid Annuity Model, in..

Next Story
Infrastructure Urban

AI Data Centre Leaders Map India’s Infrastructure Roadmap

Mumbai, 22 July 2026: As artificial intelligence reshapes global digital infrastructure, industry leaders gathered in Mumbai today at the AI-Powered Data Centre Conference 2026 to discuss how India can build the capacity, technology and ecosystem required to emerge as a global AI infrastructure hub. Organised by ASAPP Info Global Group and conceptualised by FIRST Construction Council, the conference revolved around the theme, “From Capacity Gap to AI Superpower: Building India's Digital Backbone for the Intelligence Economy.” Bringing together developers, technology providers, enterpr..

Next Story
Real Estate

SPML Infra raises over Rs 1.9 billion through preferential issue

SPML Infra has raised more than Rs 1.9 billion through a preferential issue of equity shares and convertible warrants, aimed at strengthening its balance sheet, funding growth and converting debt into equity.The company's board approved the allotment of 693,999 equity shares and 9.54 million convertible warrants at Rs 186 per security. The warrants are convertible into equity shares within 18 months in accordance with SEBI regulations.As part of the transaction, National Asset Reconstruction Company (NARCL) converted an existing loan of Rs 71.6 million into 384,858 equity shares. SPML said the..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement