Sarbananda Sonowal Unveils Rs 216.53 Crore Projects
PORTS & SHIPPING

Sarbananda Sonowal Unveils Rs 216.53 Crore Projects

The Union Minister of Ports, Shipping & Waterways, Sarbananda Sonowal officially unveiled projects valued at Rs 2.16 billion for the nation, including the inauguration of the state-of-the-art Vizag International Cruise Terminal in Visakhapatnam. According to a press release from the Ministry of Ports, Shipping, and Waterways, the minister also marked the commencement of several significant initiatives, such as the construction of a covered storage shed-2 in the port area, a world-class truck parking terminal, and an oil refinery berth. These endeavors are aimed at bolstering the capacity of the Vizag Port, with the ultimate goal of transforming it into a regional hub for both cruise and cargo traffic.

During his speech, the Union Minister praised Prime Minister Narendra Modi's leadership and emphasized India's commitment to elevate its ports to global standards through modernization, mechanization, and digitization. He highlighted the remarkable growth in cargo movement capacity at India's major ports, which has more than doubled in just nine years, thanks to visionary leadership.

The Minister expressed optimism about Visakhapatnam's potential to become a major center for cruise tourism and maritime trade, thanks to well-connected transportation systems via railways, roadways, airways, and revitalized marine waterways. He projected a substantial increase in the number of cruise ships, passengers, and economic opportunities in the coming years.

The Maritime India Vision 2030 roadmap is expected to generate 200,000 new jobs in the cruise tourism sector. The Vizag International Cruise Terminal (VICT), developed with a significant investment and grant from the Ministry of Tourism, Government of India, can accommodate up to 2,000 passenger vessels and is equipped with covered storage sheds for bulk cargo. The newly inaugurated covered storage shed in the R1 area is designed to store 84,000 tonnes of cargo and includes dust suppression measures. Additionally, the ongoing revamp of oil refinery berths is set to enhance capacity and contribute to economic growth. Union Minister Sonowal inaugurated the oil refinery 1 berth, which will boost capacity by 3.81 million metric tonnes.

See also:
Vizag International Cruise Terminal Inaugurated
Maritime Infrastructure Perspective Plan 2023-37 unveiled


The Union Minister of Ports, Shipping & Waterways, Sarbananda Sonowal officially unveiled projects valued at Rs 2.16 billion for the nation, including the inauguration of the state-of-the-art Vizag International Cruise Terminal in Visakhapatnam. According to a press release from the Ministry of Ports, Shipping, and Waterways, the minister also marked the commencement of several significant initiatives, such as the construction of a covered storage shed-2 in the port area, a world-class truck parking terminal, and an oil refinery berth. These endeavors are aimed at bolstering the capacity of the Vizag Port, with the ultimate goal of transforming it into a regional hub for both cruise and cargo traffic. During his speech, the Union Minister praised Prime Minister Narendra Modi's leadership and emphasized India's commitment to elevate its ports to global standards through modernization, mechanization, and digitization. He highlighted the remarkable growth in cargo movement capacity at India's major ports, which has more than doubled in just nine years, thanks to visionary leadership. The Minister expressed optimism about Visakhapatnam's potential to become a major center for cruise tourism and maritime trade, thanks to well-connected transportation systems via railways, roadways, airways, and revitalized marine waterways. He projected a substantial increase in the number of cruise ships, passengers, and economic opportunities in the coming years. The Maritime India Vision 2030 roadmap is expected to generate 200,000 new jobs in the cruise tourism sector. The Vizag International Cruise Terminal (VICT), developed with a significant investment and grant from the Ministry of Tourism, Government of India, can accommodate up to 2,000 passenger vessels and is equipped with covered storage sheds for bulk cargo. The newly inaugurated covered storage shed in the R1 area is designed to store 84,000 tonnes of cargo and includes dust suppression measures. Additionally, the ongoing revamp of oil refinery berths is set to enhance capacity and contribute to economic growth. Union Minister Sonowal inaugurated the oil refinery 1 berth, which will boost capacity by 3.81 million metric tonnes. See also: Vizag International Cruise Terminal InauguratedMaritime Infrastructure Perspective Plan 2023-37 unveiled

Next Story
Infrastructure Transport

Shivraj Chouhan Launches PMGSY IV and Announces Package for Madhya Pradesh

Union Minister Shivraj Singh Chouhan launched the Pradhan Mantri Gram Sadak Yojana (PMGSY) IV at Bhairunda in Sehore district during the 25 year celebrations and announced a development package for Madhya Pradesh. The programme was organised by the Union Ministry of Rural Development and attended by Chief Minister Dr Mohan Yadav, ministers of state, state ministers, legislators and senior officials from the centre and the state. The minister said the central government under the Prime Minister is committed to strengthening rural livelihoods through improved connectivity, housing and women's in..

Next Story
Infrastructure Urban

DMR Engineering Reports FY 25-26 Financial Results

DMR Engineering reported its half year results for the financial year ended 31 March 2026 and published full year figures on a standalone basis. Standalone revenue from operations decreased by 2.01 per cent year-over-year to Rs 102.58 million (mn), while profit after tax declined by 43.94 per cent to nine point five six mn, leaving a profit after tax margin of nine point zero five per cent. Earnings per share stood at Rs zero point nine two, a fall of 44.71 per cent year-over-year. The company attributed part of the decline to one-off provisioning for bad debts and additional financing charges..

Next Story
Infrastructure Urban

Atlanta Electricals Posts Strong FY26 Growth And Debt Free Finish

Atlanta Electricals reported audited consolidated results for the quarter and year ended 31 March 2026. The company recorded significant year-on-year revenue growth driven by capacity ramp-up at new facilities and higher utilisation at legacy plants. The announcement summarised operating improvements and strategic milestones achieved during the year. For Q4 the company reported revenue of Rs 7.48 bn and for FY26 revenue of Rs 18.52 bn, representing robust growth versus the prior year. EBITDA in Q4 was Rs. 1.49 bn and Rs. 3.44 bn for the full year, with margins expanding to 20 per cent in the q..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement