+
Ponnani Shipyard Set To Start Operations In August
PORTS & SHIPPING

Ponnani Shipyard Set To Start Operations In August

The shipbuilding centre at Ponnani Port is scheduled to become operational in August as Hyderabad-based Travancore Precision Components finalised an agreement with the Kerala government to establish the facility on 29 acres within the port. Shipbuilding operations will be managed by its subsidiary Blue Gen Marine. The project is part of the state's efforts to expand maritime industry infrastructure.

The company secured its first major international order before the yard begins operation, obtaining a Rs two billion (bn) contract from a Singapore-based firm to build two electric tugboats. The vessels will be powered by 4,200 kWh battery systems and the yard will also manufacture offshore support vessels and advanced fishing boats designed for coastal and marine operations. The award underlines early export confidence in the facility's capabilities.

In the first phase the facility will be capable of building vessels up to 50 m in length, with plans to expand capacity in a second phase to construct ships measuring up to 120 m. Preparatory work for the public-private partnership is progressing on schedule, the deputy director of ports at the Kerala Maritime Board said, adding that the agreement with the construction company was signed in June. He noted that only a few minor issues remain, including removal of illegal sheds erected by fishermen, and that the district collector has been asked to take action.

The state government will provide annual operational support of Rs 15 million (mn) to the shipbuilder to promote employment generation and related industrial development and will lease the land to the company at an annual rent of Rs 2.5 million (mn), with a five per cent increase every year. In return the company will share a portion of its revenue with the government, paying 0.5 per cent of total order value during the first two years of operation, 0.75 per cent for the two years after that and 1.5 per cent thereafter. Officials expect the first vessel to be completed in 2027.

The shipbuilding centre at Ponnani Port is scheduled to become operational in August as Hyderabad-based Travancore Precision Components finalised an agreement with the Kerala government to establish the facility on 29 acres within the port. Shipbuilding operations will be managed by its subsidiary Blue Gen Marine. The project is part of the state's efforts to expand maritime industry infrastructure. The company secured its first major international order before the yard begins operation, obtaining a Rs two billion (bn) contract from a Singapore-based firm to build two electric tugboats. The vessels will be powered by 4,200 kWh battery systems and the yard will also manufacture offshore support vessels and advanced fishing boats designed for coastal and marine operations. The award underlines early export confidence in the facility's capabilities. In the first phase the facility will be capable of building vessels up to 50 m in length, with plans to expand capacity in a second phase to construct ships measuring up to 120 m. Preparatory work for the public-private partnership is progressing on schedule, the deputy director of ports at the Kerala Maritime Board said, adding that the agreement with the construction company was signed in June. He noted that only a few minor issues remain, including removal of illegal sheds erected by fishermen, and that the district collector has been asked to take action. The state government will provide annual operational support of Rs 15 million (mn) to the shipbuilder to promote employment generation and related industrial development and will lease the land to the company at an annual rent of Rs 2.5 million (mn), with a five per cent increase every year. In return the company will share a portion of its revenue with the government, paying 0.5 per cent of total order value during the first two years of operation, 0.75 per cent for the two years after that and 1.5 per cent thereafter. Officials expect the first vessel to be completed in 2027.

Related Stories

Gold Stories

Next Story
Infrastructure Urban

Suzuki Targets 4 mn Units in India by FY30, Builds Global Hub

Suzuki Motor Corporation plans to raise annual production capacity in India to approximately 4 mn units from fiscal 2030, strengthening the country’s role as a manufacturing and export hub for its global operations. The Japanese car maker announced the target as part of its Technology Strategy 2026, which outlines its development and manufacturing priorities for the coming decade. The company also aims to improve development efficiency by 30 per cent from the FY20 level and manufacturing efficiency by 50 per cent by FY30. It plans to halve the lead time required to develop new vehicles by im..

Next Story
Infrastructure Transport

Ayodhya Airport to Add Flights to Delhi, Bengaluru and Mumbai

Ayodhya airport will get additional direct air services to Delhi and Bengaluru from October 1, followed by a daily non-stop connection to Mumbai from October 30. The existing IndiGo service to Hyderabad is also being prepared for conversion into a daily operation, widening travel options from the temple city. Passengers travelling to Delhi will have two direct options at different times of day from October 1. Akasa Air flight QP 1608 will depart Ayodhya at 12:50 pm and arrive in Delhi at 2:20 pm, while Air India Express flight IX 1274 will leave at 2:10 pm and reach the capital at 3:45 pm. Ind..

Next Story
Infrastructure Urban

Cement Prices Rise Again in Himachal Pradesh

Cement prices in Himachal Pradesh have increased for the second time this month, raising construction expenses for households, contractors and other consumers. Cement companies raised rates by Rs. 5 per bag on Friday, 10 days after a similar increase was implemented on September 15. The two revisions have lifted prices by a total of Rs. 10 per bag within 10 days. Dealers Pawan, Rohit, Manoj and Rakesh said the latest rates were being applied across the market, adding to the financial pressure on people building or renovating homes. ACC Suraksha cement is now priced at Rs. 425 per bag, compared..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code