PFC approves Rs 39.4 bn loan for Machilipatnam port in AP

22 Nov 2022 CW Team

According to Lok Sabha Member V Balashowri, Power Finance Corporation has approved a loan of Rs 39.4 bn for the construction of the Machilipatnam greenfield seaport.

According to the MP, Machilipatnam Port Development Corporation Ltd. has received the loan sanction letter.

The Machilipatnam port is expected to cost Rs 52.53 billion. On December 21, Andhra Pradesh Chief Minister Y S Jagan Mohan Reddy will lay the groundwork for the Machilipatnam port construction.

He claimed that the government had begun the process of acquiring land in order to build a road-rail connection to the Machilipatnam port.

Recent visits to Machilipatnam and Pedana for the land were made by the R&B Principal Secretary Praveen Prakash, former minister and local MLA Perni Ventaramaiah, and other officials.

According to the master plan, the Machilipatnam port will be built on nearly 4,000 acres over the course of two phases.

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..

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..

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 ..