New DFCCIL MD prioritises development of Gati Shakti cargo terminals

28 Aug 2024 CW Team

Kumar, who succeeded Ravindra Kumar Jain on July 31, highlighted the need to explore all avenues for increasing freight revenue. "Business development shall be our priority. We must engage in expanding our business potential, particularly by focusing on the extensive development of Gati Shakti Cargo Terminals," Kumar stated after assuming his new role.

The Gati Shakti Multimodal Cargo Terminal Policy, launched in December 2021, aims to establish 100 such terminals by the end of 2024-25. DFCCIL has been actively issuing tenders for the development of these terminals on both private land and alongside the western and eastern dedicated freight corridors.

The policy is designed to attract logistics service providers, real estate developers, third-party logistics players, warehousing investors, container train operators, and manufacturers. It features a streamlined application and approval process, land license fee relaxations, and the option for private and state-owned operators to set up common user facilities for rail cargo handling.

While the Eastern Dedicated Freight Corridor is now fully operational, the Western Dedicated Freight Corridor is nearing completion. With over 96% of the project commissioned, DFCCIL has transitioned into the operation and maintenance phase, managing the seamless exchange of more than 700 full-length goods trains daily.

Kumar also underscored the importance of enhancing Artificial Intelligence-based operation and maintenance systems to boost efficiency, noting that DFCCIL is now operating longer, heavier, and faster trains, aligning with world-class heavy haul railway standards.

(ET)

Praveen Kumar, the newly appointed Managing Director, Dedicated Freight Corridor Corporation of India Ltd (DFCCIL), has emphasised the importance of developing Gati Shakti Cargo Terminals as a key strategy for advancing the company’s business.Kumar, who succeeded Ravindra Kumar Jain on July 31, highlighted the need to explore all avenues for increasing freight revenue. Business development shall be our priority. We must engage in expanding our business potential, particularly by focusing on the extensive development of Gati Shakti Cargo Terminals, Kumar stated after assuming his new role.The Gati Shakti Multimodal Cargo Terminal Policy, launched in December 2021, aims to establish 100 such terminals by the end of 2024-25. DFCCIL has been actively issuing tenders for the development of these terminals on both private land and alongside the western and eastern dedicated freight corridors.The policy is designed to attract logistics service providers, real estate developers, third-party logistics players, warehousing investors, container train operators, and manufacturers. It features a streamlined application and approval process, land license fee relaxations, and the option for private and state-owned operators to set up common user facilities for rail cargo handling.While the Eastern Dedicated Freight Corridor is now fully operational, the Western Dedicated Freight Corridor is nearing completion. With over 96% of the project commissioned, DFCCIL has transitioned into the operation and maintenance phase, managing the seamless exchange of more than 700 full-length goods trains daily.Kumar also underscored the importance of enhancing Artificial Intelligence-based operation and maintenance systems to boost efficiency, noting that DFCCIL is now operating longer, heavier, and faster trains, aligning with world-class heavy haul railway standards.(ET)

Infrastructure Energy

15 Sep 2025

ACME Solar Gets Rs 3892 Million Loan for 400 MW Project

ACME Solar Holdings rose 2.05 per cent to Rs 308.50 after the company announced that its wholly owned subsidiary, ACME Venus Urja, has secured long-term project financing worth Rs 3.89 billion from the State Bank of India (SBI).The funds will be used for the development and construction of a 400 MW Firm and Dispatchable Renewable Energy (FDRE) project located in Barmer, Rajasthan. The loan repayment will be spread over 19 years.The Barmer-based FDRE project is contracted with NHPC at a tariff of Rs 4.64 per unit. It will integrate solar power generation with a Battery Energy Storage System (BE..

Infrastructure Transport

15 Sep 2025

JSW Infra Acquires 86 Acres in Karnataka for Rs 5.7 Million Site

JSW Infrastructure has acquired an 86-acre brownfield rail siding in Kudathini, Ballari, Karnataka, for Rs 5.7 million to develop a multi-modal logistics park (MMLP). The project is set to attract an investment of Rs 38 million over the coming years.The facility, acquired through the company’s subsidiary JSW Port Logistics, will feature a rail freight terminal, an inland container depot, and advanced cargo-handling systems. Commercial operations are expected to commence within six months, followed by phased expansion.This development forms part of JSW Infra’s strategy to build a pan-India ..

Real Estate

15 Sep 2025

Plotted Developments: Tier II Cities Offer Style with Investment

India’s real estate sector is transitioning and evolving at a new pace, both in terms of aspirational living and investment parameters. While tier I cities have long been the focal point of this trajectory, it is showing a shift with the evolved preferences of homebuyers. Better infrastructure, more reasonable price points, and the sheer untapped potential of Tier II cities are stepping up quietly yet significantly as a preferred choice to the smart intersection. Tier-II cities have emerged as an ideal alternative for the homebuyers looking for cost effective living with improved infras..