Square Port Shipyard, Damen Partner to Boost Shipbuilding in India

17 Apr 2025 CW Team

Square Port Shipyard, a subsidiary of Hazoor Multi Projects Limited (HMPL), has signed an agreement with Damen Technical Cooperation BV to develop its shipyard in Dabhol (Ratnagiri), Maharashtra.

The partnership aims to enhance the shipyard’s capabilities to design, build, repair, and maintain ships for both domestic and international clients. Damen Technical Cooperation BV is a part of the Netherlands-based Damen Shipyards Group NV, known globally for its shipbuilding expertise and advanced maritime solutions.

Company officials described the tie-up as a significant milestone towards transforming Square Port Shipyard into a one-stop destination for shipbuilding and maritime services in India.

The shipyard already offers a broad range of associated maritime services. The collaboration will not only improve technical capacity but also contribute to local employment and industrial growth in the region.

This development aligns with India's broader push to strengthen its maritime infrastructure and become a global hub for sustainable shipbuilding and marine services.

Source: Maritime News

Image Source:money.rediff.com

Real Estate

05 Sep 2025

Vitizen Hotels Signs Deal at Manyata Tech Park

Vikram Kamats Hospitality, as part of its ongoing expansion in key metropolitan markets, announced that its material subsidiary, Vitizen Hotels, has signed a long-term lease agreement for a 45-key hotel property at Manyata Tech Park, Bengaluru.Strategically located in the city’s prominent IT hub, the property is well-positioned to serve corporate travelers, business professionals, and long-stay guests. The addition aligns with the company’s asset-light growth model, leveraging long-term leases to expand its footprint in high-demand urban markets.The hotel is expected to strengthen the comp..

CONCOR Signs MoU with BPIPL to Operate Container Terminal at Bhavnagar Port

Container Corporation of India (CONCOR) has signed a Memorandum of Understanding (MoU) with Bhavnagar Port Infrastructure (BPIPL) on September 4, 2025, in New Delhi to operate and maintain the upcoming container terminal at the northside of Bhavnagar Port, Gujarat.BPIPL had earlier entered into an agreement with the Gujarat Maritime Board (GMB) in September 2024 for the port’s development. Under this arrangement, 235 hectares of land has been leased to BPIPL for 30 years, with provision for expansion by an additional 250 hectares.The new terminal is expected to significantly enhance logistic..

Concord Launches India’s First Indigenous Zero-Emission Rail Propulsion

Concord Control Systems (CCSL), a leader in embedded electronics and critical rail technologies, has announced the development of India’s first fully indigenous zero-emission propulsion system, marking a significant step toward the country’s railway electrification and net-zero goals for 2030.Powered by Lithium Iron Phosphate (LFP) batteries and featuring a DC chopper-based drive, the propulsion system eliminates idling losses common in diesel engines, offering higher efficiency, lower costs, and zero emissions.What sets this innovation apart is its completely indigenous design. Except for..