Sea Lord Containers Opens Cryogenic LPG Terminal in Mangalore

16 Jun 2025 CW Team

Sea Lord Containers (SCL), a wholly-owned subsidiary of Aegis Logistics, has commissioned a new cryogenic Liquified Petroleum Gas (LPG) terminal in Mangalore. The facility, which became operational on 12 June 2025, offers a static storage capacity of 82,000 metric tons (MT), significantly strengthening the region’s LPG logistics infrastructure.

The terminal was developed by SCL on behalf of Aegis Vopak Terminals, an associate company of Aegis Logistics. The asset is expected to be transferred to Aegis Vopak Terminals Limited at a later date, with formal updates to be shared separately with stock exchanges.

This project marks a key milestone in expanding India’s energy logistics network, improving the efficiency of LPG storage and distribution across the southern region.

News source: News on Projects

Infrastructure Urban

06 Apr 2026

InsideFPV Delivers ₹10 Crore Kamikaze Drone Order Under MoD’s EPR Route

InsideFPV, a Surat-based drone technology manufacturer, has successfully executed a ₹10 crore defence contract to supply indigenous kamikaze drones under the Ministry of Defence’s Emergency Procurement Route (EPR). The company completed the delivery of hundreds of FPV kamikaze drone platforms within a rapid two-month timeframe, highlighting its ability to meet urgent military procurement timelines.The supply orders were fulfilled under the emergency procurement mechanism, which is aimed at fast-tracking acquisitions for immediate operational needs. InsideFPV’s quick execution reflects it..

Vedanta Resources Secures Fitch Upgrade to ‘BB-’, Best Rating Since 2015

Vedanta Resources Limited (VRL), a global player in metals, oil & gas, critical minerals, power and technology, has received a credit rating upgrade from Fitch Ratings, marking its strongest bond rating in over a decade.Fitch has raised Vedanta Resources’ Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘BB-’ from ‘B+’, while maintaining a Stable Outlook. The agency also upgraded VRL’s senior unsecured rating, along with the ratings of US dollar-denominated bonds issued by Vedanta Resources Finance II Plc and guaranteed by VRL, to ‘BB-’.The upgrade represents Vedan..

NAREDCO NextGen NCR Chapter Launched

The NAREDCO NextGen NCR Chapter was recently launched at Excelerate 2026 in Mumbai, marking a key step towards integrating emerging real estate leaders from the National Capital Region with the national platform. The initiative aims to promote sustainable and responsible urban development through collaboration and knowledge exchange.The event brought together young developers, entrepreneurs, and professionals from across NCR, including Noida, Gurugram, Ghaziabad, Faridabad, Bhiwadi, and Meerut. Discussions focused on urban development, finance, sustainability, innovation, and policy, emphasisi..