Shipping Minister Inaugurates Visakhapatnam Projects
PORTS & SHIPPING

Shipping Minister Inaugurates Visakhapatnam Projects

The Union Minister of Ports, Shipping & Waterways, Sarbananda Sonowal, officially dedicated projects worth Rs. 216 crore in Visakhapatnam to the nation on Monday. These projects included the state-of-the-art Vizag International Cruise Terminal (VICT).

Additionally, the Minister inaugurated the Covered Storage Shed-2 in the Port area, a Truck parking terminal, and an Oil refinery berth, all aimed at enhancing the capacity of the Vizag Port (VPA) with the goal of transforming it into a regional hub for both cruise and cargo traffic in the near future. During his address at the event, Sonowal emphasized the significance of a development strategy centered around our ports to achieve this vision. He reaffirmed the commitment to modernize, equip, and empower our ports to play a pivotal role in the development of the region.

Sonowal also highlighted significant achievements in the sector, noting that before 2014, the cargo handling capacity stood at 821 million metric tons (MMT), and it has now surged to 1681 MMT across 12 major ports, more than doubling our capacity within nine years. Furthermore, the Minister mentioned a substantial improvement in cargo unloading efficiency, reducing the time it takes to unload cargo from a ship from 44 hours before 2014 to the current 26 hours, as per an official release.

See also:
Centre to fund nearly 30% of national green shipping ventures
Karnataka plans to develop two greenfield ports


The Union Minister of Ports, Shipping & Waterways, Sarbananda Sonowal, officially dedicated projects worth Rs. 216 crore in Visakhapatnam to the nation on Monday. These projects included the state-of-the-art Vizag International Cruise Terminal (VICT). Additionally, the Minister inaugurated the Covered Storage Shed-2 in the Port area, a Truck parking terminal, and an Oil refinery berth, all aimed at enhancing the capacity of the Vizag Port (VPA) with the goal of transforming it into a regional hub for both cruise and cargo traffic in the near future. During his address at the event, Sonowal emphasized the significance of a development strategy centered around our ports to achieve this vision. He reaffirmed the commitment to modernize, equip, and empower our ports to play a pivotal role in the development of the region. Sonowal also highlighted significant achievements in the sector, noting that before 2014, the cargo handling capacity stood at 821 million metric tons (MMT), and it has now surged to 1681 MMT across 12 major ports, more than doubling our capacity within nine years. Furthermore, the Minister mentioned a substantial improvement in cargo unloading efficiency, reducing the time it takes to unload cargo from a ship from 44 hours before 2014 to the current 26 hours, as per an official release. See also: Centre to fund nearly 30% of national green shipping venturesKarnataka plans to develop two greenfield ports

Next Story
Infrastructure Urban

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..

Next Story
Infrastructure Energy

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..

Next Story
Infrastructure Urban

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..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement