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.

Real Estate

05 Aug 2026

CREDAI-MCHI to Host 10th Design & Construction Conference

CREDAI-MCHI will host the 10th anniversary edition of its Design & Construction Conference on August 19, 2026, at the Jio World Convention Centre in Mumbai.The event is expected to bring together more than 500 procurement leaders, construction heads, architects, consultants and senior real estate decision-makers, alongside over 50 construction and ancillary brands.The conference will feature product launches, technology showcases, knowledge sessions, strategic business-to-business networking and recognition of procurement professionals contributing to the transformation of the construction..

BorgWarner Wins Extension for High-Voltage Inverter Programmes

BorgWarner has secured a major extension of several high-volume high-voltage inverter programmes from a leading European automotive manufacturer.The contracts cover updated inverter designs for plug-in hybrid and 800V battery-electric vehicle applications. Production is scheduled to begin in 2029.Isabelle McKenzie, President and General Manager, BorgWarner PowerDrive Systems, said the programme extensions demonstrate the company’s position in power electronics and reflect the strength of its technology, in-house expertise and customer relationships.For plug-in hybrid vehicles, BorgWarner wil..

Castrol India Q2 Profit Rises 43% to Rs 3.48 bn

Castrol India reported a 43 per cent year-on-year increase in profit after tax to Rs 3.48 billion for the quarter ended June 30, 2026, supported by growth across its consumer, industrial and institutional businesses.Revenue from operations increased 25 per cent to Rs 18.71 billion during the second quarter of 2026, compared with Rs 14.97 billion in the corresponding period of 2025. EBITDA rose 41 per cent to Rs 4.94 billion from Rs 3.50 billion.Sequentially, revenue increased from Rs 15.45 billion in the first quarter of 2026, while EBITDA rose from Rs 3.29 billion. Profit after tax increased ..