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.

Infrastructure Transport

01 Jun 2026

MMRDA advances 250 m on Orange Gate–Marine Drive tunnel

The Mumbai Metropolitan Region Development Authority (MMRDA) has completed 250 m of underground tunnelling for the Orange Gate–Marine Drive Urban Road Tunnel using India’s largest slurry shield tunnel boring machine (TBM) deployed for an urban road project.The project involves twin tunnels extending over 7 km beneath critical transport corridors, including Central Railway, Western Railway and Metro Line 3. The work requires high-precision engineering to navigate densely developed urban infrastructure.Once completed, the tunnel is expected to reduce travel time between Orange Gate and Marin..

Hindustan Zinc Pays Rs 188.46 Billion in FY26

Hindustan Zinc contributed Rs 188.46 billion to the public exchequer in FY 2025-26, according to its 9th Tax Transparency Report. The contribution, equivalent to 46 per cent of the company’s revenue, included direct and indirect taxes, government royalties, dividends to the Government of India, withholding taxes and other statutory levies.The company’s five-year cumulative contribution to the exchequer stood at Rs 915.72 billion. In FY26, Hindustan Zinc reported revenue of Rs 408.44 billion, EBITDA of Rs 221.62 billion and profit after tax of Rs 138.32 billion. It also achieved its highest..

World of Concrete India 2026 Opens in Mumbai

Informa Markets in India will host the 12th edition of World of Concrete India 2026 from 3–5 June 2026 at the Bombay Exhibition Centre, Mumbai. The specialised B2B exhibition will bring together manufacturers, suppliers, contractors, developers, architects, consultants, infrastructure companies, project leaders and government stakeholders.The event is expected to feature over 350 brands and more than 18,000 trade professionals. It will cover concrete and cement, dry mortar, precast technologies, formwork, construction chemicals, industrial and commercial flooring, scaffolding, safety solutio..