RCL to Introduce Paradip-Port Klang Service under Odisha VGF Scheme

14 Mar 2024 CW Team

RCL (Ravindra Container Lines) is set to launch a new shipping service linking Paradip port in Odisha with Port Klang in Malaysia. This initiative is facilitated under the Odisha government's Viability Gap Funding (VGF) scheme, aimed at promoting maritime connectivity and trade facilitation.

The upcoming service holds strategic significance, offering a direct shipping route between Paradip and Port Klang, which is expected to bolster trade relations between India and Malaysia. It aligns with the government's efforts to promote regional connectivity and enhance the competitiveness of Indian ports in the global maritime landscape.

Under the VGF scheme, the Odisha government provides financial support to incentivize shipping lines to operate on routes with potential economic benefits but face viability challenges. By subsidising operational costs, the scheme aims to attract shipping operators and stimulate trade growth in the region.

The Paradip-Port Klang service is anticipated to enhance the efficiency of cargo movement, reduce transit times, and lower logistics costs for businesses engaged in bilateral trade between India and Malaysia. Additionally, it opens up new avenues for exporters and importers to access international markets more seamlessly.

RCL's decision to introduce this service underscores the growing importance of Paradip port as a key maritime gateway on India's eastern coast. It also reflects the collaborative efforts between the public and private sectors to leverage infrastructure initiatives for fostering economic development and trade expansion.

Infrastructure Energy

22 Oct 2025

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..

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..

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..