President Murmu launches major Kandla Port upgrade works

06 Oct 2022 CW Team

The President of India, Droupadi Murmu, laid the foundation stone of four projects of Deendayal Port Authority, Kandla, Gujarat. These projects, worth over Rs 2.80 billion, will enhance port infrastructure and boost its logistics performance. It will also help the economic growth of the entire hinterland.

These projects will also improve the cargo handling capacity of the port, along with the turnaround time of ships, and help in faster evacuation of cargo.

The construction of new dome-shaped godowns inside the cargo jetty area, with a project cost of Rs 695.10 million, will give them extended working height, resulting in more cargo handling and greater suitability for unloading bulk cargo through hydraulic system by trucks/transport vehicles of the fifth generation.

The upgradation of plots and storm water drains in a 66-hectare area inside the cargo jetty area, with a project cost of Rs 800 million, will upgrade the plots/storage area with utility services like concrete roads, storm water drains, and facilities for workers.

The upgradation of plots, roads and drains in another 40-hectare area, with a project cost of Rs 470 million, will increase the handling and storage capacity inside the custom bonded area and help in boosting import/export of dry cargo with a capacity of 880,000 million tonnes.

Another project is the upgradation of Tuna Road from two-lane to four-lane, with a project cost of Rs 873.20 million.

Real Estate

26 Apr 2025

Dharavi Rising

Dharavi, Asia’s largest informal settlement, stands on the cusp of a historic transformation. With an ambitious urban renewal project finally taking shape, millions of residents are looking ahead with hope. But delivering a project of this scale brings immense challenges – from land acquisition to rehabilitate ineligible residents outside Dharavi and rehabilitation to infrastructure development. It also requires balancing commercial goals with deep-rooted social impact. At the helm is SVR Srinivas, IAS, CEO & Officer on Special Duty, Dharavi Redevelopment Project (DRP), Government..

MLDL Records 20.4% Growth in Pre-Sales

Mahindra Lifespace Developers Limited (MLDL), the real estate and infrastructure development arm of the Mahindra Group, announced its financial results for the quarter ended March 31, 2025. In line with INDAS 115, the company recognises revenues using the completion of contract method. Key highlights FY25: Consolidated sales (Residential and IC&IC) of Rs 32.99 billion. Gross development value (GDV) additions in FY25 were Rs 1.81 trillion compared to Rs 440 billion in FY24 (~4x growth). Residential pre-sales of Rs 28.04 billion in FY25, reflecting 20.4% growth o..

UCSL Delivers India's First Green Cargo Vessel to Norway

In a landmark achievement for Indian shipbuilding and the Atma Nirbhar Bharat initiative, Udupi Cochin Shipyard Limited (UCSL), a subsidiary of Cochin Shipyard Limited (CSL), has delivered the first of six next-generation green cargo vessels to Norway-based Wilson Ship Management AS, Europe’s largest short-sea shipping operator. The 3,800 DWT vessel, named Wilson Eco 1, was handed over during a ceremony at New Mangalore Port. The delivery is part of a Rs 5.06 billion project supported by Norway’s green maritime funding programme, marking India's entry into the European eco-friendly ca..