Sagarmala Drives Port Upgrade with Rs 2.91 Trillion Projects

08 Apr 2025 CW Team

Under the Modernisation pillar of the Sagarmala Programme, the Ministry of Ports, Shipping and Waterways has undertaken 234 projects worth approximately Rs 2.91 trillion across India’s coastal states and Union Territories. These initiatives are implemented by a mix of central agencies, including the Indian Railways, Inland Waterways Authority of India (IWAI), state governments, and major port authorities.

Of the total, 103 projects valued at around Rs 326 billion have been completed, while 56 projects worth nearly Rs 747 billion are currently underway. In Andhra Pradesh alone, several projects under the Port Modernisation pillar have been initiated, with key involvement from Visakhapatnam Port Authority.

Separately, the Ministry is partially funding 119 infrastructure and community projects under the Sagarmala Scheme at a cumulative cost of Rs 94.07 billion. These include port and coastal infrastructure, road and rail connectivity, cruise terminals, fishing harbours, and skill development. Out of these, 72 projects have been completed.

In Andhra Pradesh, 12 projects worth Rs 24.1 billion are being partially funded under the Sagarmala Scheme. Seven of these are already completed, with projects spanning key port developments and logistics upgrades.

Additionally, a wide range of private and public companies are involved in port construction and upgradation across major ports in states like Maharashtra, Tamil Nadu, Gujarat, and Kerala. These include prominent firms such as ITD Cementation, Van Oord, Adani Ports, and Rail Vikas Nigam Ltd., among many others.

The information was shared in a written reply by Union Minister Shri Sarbananda Sonowal in the Lok Sabha.

Infrastructure Urban

05 Nov 2025

TBO Tek Q2 Profit Climbs 12%, Revenue Surges 26% YoY

TBO Tek Limited one of the world’s largest travel distribution platforms, reported a solid performance for Q2 FY26 with a 26 per cent year-on-year increase in revenue to Rs 5.68 billion, reflecting broad-based growth and improving profitability.The company recorded a Gross Transaction Value (GTV) of Rs 8,901 crore, up 12 per cent YoY, driven by strong performance across Europe, MEA, and APAC regions. Adjusted EBITDA before acquisition-related costs stood at Rs 1.04 billion, up 16 per cent YoY, translating into an 18.32 per cent margin compared to 16.56 per cent in Q1 FY26. Profit after tax r..

Northern Graphite, Rain Carbon Secure R&D Grant for Greener Battery Materials

Northern Graphite Corporation and Rain Carbon Canada Inc, a subsidiary of Rain Carbon Inc, have jointly received up to C$860,000 (€530,000) in funding under the Canada–Germany Collaborative Industrial Research and Development Programme to develop sustainable battery anode materials.The two-year, C$2.2 million project aims to transform natural graphite processing by-products into high-performance, battery-grade anode material (BAM). Supported by the National Research Council of Canada Industrial Research Assistance Programme (NRC IRAP) and Germany’s Federal Ministry for Economic Affairs a..

Antony Waste Q2 Revenue Jumps 16%; Subsidiary Wins Rs 3,200 Cr WtE Projects

Antony Waste Handling Cell Limited (AWHCL), a leading player in India’s municipal solid waste management sector, announced a 16 per cent year-on-year increase in total operating revenue to Rs 2.33 billion for Q2 FY26. The growth was driven by higher waste volumes, escalated contracts, and strong operational execution.EBITDA rose 18 per cent to Rs 570 million, with margins steady at 21.6 per cent, while profit after tax stood at Rs 173 million, up 13 per cent YoY. Revenue from Municipal Solid Waste Collection and Transportation (MSW C&T) reached Rs 1.605 billion, and MSW Processing re..