PPP terms for ports revised

19 May 2022 CW Team

The ministry of ports, shipping and waterways has come out with detailed guidelines to deal with stressed public-private-partnership (PPP) projects at major ports, a move which it expects to unlock 27 million tonne per annum cargo-handling capacity. As per reports, for projects which became stressed during the construction stage i.e., pre-COD stage, the concessioning authority, usually the major port, would pay, as full and final settlement, for taking over the useful assets created by the concessionaire.

The settlement amount would be equal to the lower the value of the work done and found useful by the major port or 90 per cent of debt due as defined in the concession agreement. In projects where the work has stopped due to the inability to continue with the execution of the project and the borrowings having been categorised by lenders as non-performing assets or proceedings initiated, the due processes will be followed under the Insolvency and Bankruptcy Code 2016 or under the Companies Act 2013.

Infrastructure Urban

02 Jun 2026

VECV Sales Rise 7.8 Per Cent In May 2026

VE Commercial Vehicles recorded sales of 7,978 units in May 2026, compared to 7,401 units in May 2025, registering growth of 7.8 per cent. This included 7,789 units from the Eicher brand and 189 units from the Volvo brand.Eicher branded trucks and buses reported sales of 7,789 units during the month, up 7.3 per cent from 7,258 units a year earlier. In the domestic commercial vehicle market, Eicher sales rose 9.1 per cent to 7,375 units from 6,758 units in May 2025.Exports declined 17.2 per cent to 414 units from 500 units in the corresponding month last year. Volvo Trucks and Volvo Buses recor..

Table Space Strengthens DESYN Leadership Team

Table Space has announced strategic leadership appointments within DESYN, its integrated Design and Build business, as it looks to strengthen operations across key enterprise and GCC markets in India. DESYN was launched as a strategic extension of Table Space’s workspace solutions portfolio to meet rising demand for agile, high-quality and rapidly deployable enterprise workspaces.Shruti Ookabhoy has joined DESYN as Executive Director and will lead the Design vertical, focusing on design capability, operational excellence and team development across markets. She brings over 22 years of experi..

Concord Associate Bags Rs 2.79 Bn Kavach Order

Concord Control Systems said its associate company, Progota India, has received a Rs 2.79 bn domestic order from Indian Railways for the supply, installation, testing and commissioning of on-board Kavach 4.0 loco equipment.The order is scheduled for execution within 12 months and strengthens Concord’s role in India’s railway safety and signalling ecosystem. Kavach is India’s indigenous automatic train protection system, designed to improve operational safety by helping prevent signal passing at danger and reducing collision risks.Gaurav Lath, Joint Managing Director, Concord Control Syst..