PFC Pledges Rs.210 Bn for Vadhavan Port Development

23 Aug 2024 CW Team

Power Finance Corporation (PFC) has pledged Rs.210 billion to fund the Vadhavan Port project in Maharashtra, marking a significant investment in the country's maritime infrastructure. The port, located on the western coast, is poised to become a major hub for cargo handling and bolster India's shipping capabilities.

The Vadhavan Port project is one of the country's largest port development initiatives and is expected to enhance India's trade capacity by reducing congestion at existing ports. PFC's commitment is aimed at supporting the construction and infrastructure development of this strategic port, which will be equipped to handle large container ships and bulk carriers.

The financial backing from PFC underscores the growing importance of infrastructure development in India's economic plans. The Vadhavan Port is expected to serve as a critical link in the country's supply chain, enhancing connectivity and trade routes.

The project has been designed to meet international standards, with a focus on sustainability and efficient cargo management. Once operational, it is expected to boost trade and create significant employment opportunities in the region.

PFC's support aligns with the government's vision to upgrade the nation's port infrastructure and increase maritime trade efficiency. With this major financial infusion, the Vadhavan Port project is on track to becoming a key asset in India's maritime infrastructure, driving economic growth and positioning the country as a global trade hub.

Equipment

12 Dec 2025

Schwing Stetter India Unveils New Innovations at Excon 2025

Schwing Stetter India unveiled more than 20 new machines at Excon 2025, marking one of its most significant showcases and introducing several India-first technologies to the construction equipment sector. The company launched the country’s first 56-metre boom pump designed and manufactured in India, the first fully electric truck mixer, the first CNG mixer variant and the first hybrid boom pump. Executives said the launch portfolio was engineered to support India’s move toward faster, greener and more vertically oriented infrastructure through advanced engineering, clean-energy solutions a..

SEPC Resolves Hindustan Copper Dispute, Wins Rs 725 Mn Order

Engineering, procurement and construction firm SEPC Ltd has recently settled a dispute with Hindustan Copper Ltd (HCL) and secured a mining infrastructure order valued at Rs 725 million from the state-owned company. SEPC informed the stock exchanges that it has executed a settlement deed with HCL, bringing closure to all inter-se claims and counterclaims arising from arbitration proceedings. As part of the settlement, SEPC will receive Rs 304.5 million as full and final payment, marking the resolution of all pending disputes between the two entities. The company also stated that Hindustan Co..

20% Ethanol Blending Cuts India’s CO2 Emissions by 73.6 Mn Tonnes

Union Road Transport and Highways Minister Nitin Gadkari recently said that India has reduced carbon dioxide emissions by 73.6 million metric tonnes due to the adoption of 20 per cent ethanol blending in petrol. He made the statement while replying to supplementary questions during the Question Hour in the Lok Sabha. Describing ethanol as a green fuel, the minister said it plays a key role in reducing pollution while also supporting higher incomes for farmers. He underlined that ethanol blending contributes both to environmental sustainability and rural economic growth. Nitin Gadkari also po..