PPAC Backs VOC Ports Rs 70.56 Bn Terminal Project
PORTS & SHIPPING

PPAC Backs VOC Ports Rs 70.56 Bn Terminal Project

The V O Chidambaranar (VOC) Ports, under the Union government, received backing from the Public-Private Partnership Appraisal Committee (PPPAC) for their Rs 70.56 billion outer harbour box terminal project. This crucial endorsement enhances the prospects of maritime infrastructure development, as VOC Ports advance plans to expand and upgrade the outer harbour, aligning with strategic initiatives to bolster India's port capabilities. The PPPAC support underscores the project's viability and significance in fortifying the nation's maritime trade and logistics infrastructure. As VOC Ports progress with this substantial terminal project, it not only contributes to the regional economic landscape but also positions India for increased efficiency and competitiveness in the global maritime domain.

The V O Chidambaranar (VOC) Ports, under the Union government, received backing from the Public-Private Partnership Appraisal Committee (PPPAC) for their Rs 70.56 billion outer harbour box terminal project. This crucial endorsement enhances the prospects of maritime infrastructure development, as VOC Ports advance plans to expand and upgrade the outer harbour, aligning with strategic initiatives to bolster India's port capabilities. The PPPAC support underscores the project's viability and significance in fortifying the nation's maritime trade and logistics infrastructure. As VOC Ports progress with this substantial terminal project, it not only contributes to the regional economic landscape but also positions India for increased efficiency and competitiveness in the global maritime domain.

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Infrastructure Energy

KEC Secures Rs 10, 380 Mn Substation Order in Saudi Arabia

KEC International Ltd., a global infrastructure EPC major, and an RPG Group company, has secured a new order worth Rs 10,380 million for the Design, Supply and Installation of a 380 kV GIS Substation in Saudi Arabia.Vimal Kejriwal, MD & CEO, KEC International Ltd., commented, “We are delighted with the successive order wins in our T&D business. In a landmark achievement, we have secured our largest ever substation order. This prestigious order in the Middle East has widened our portfolio and strengthened our presence in the region. With this strategic win, our year-to-date or..

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Infrastructure Urban

Central Bank of India executes first fully digital SCF deal on PSB Xchange

In a major advancement for India’s banking sector, Central Bank of India (CBI) has successfully completed the country’s first fully digital supply chain finance (SCF) transaction on PSB Xchange—a unified multi-lender platform launched by PSB Alliance. PSB Xchange is designed to connect public and private sector banks, NBFCs, and fintechs with corporates and their channel partners to facilitate supply chain finance and small business loans. The transaction marks the first time a fintech-originated corporate lead has been seamlessly processed through the PSB Xchange ecosystem. The lead fl..

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Infrastructure Energy

Atlanta Electricals secures Rs 1,835 Mn transformer order from BNC Power

Atlanta Electricals Limited (“Atlanta”) has secured an order worth Rs 1,835 million from BNC Power Projects Ltd for the supply of extra high voltage (EHV) transformers and a bus reactor for its Pugal site. The contract includes a mix of 315 MVA, 400 KV and 100 MVA, 132 KV transformers along with a 400 KV bus reactor. The project scope encompasses design, manufacturing, testing, and supply to the project site. Deliveries will be sequenced following engineering and drawing approvals, offering multi-quarter execution visibility and ensuring a steady production run-rate. The order will be ex..

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