TIL to Invest Rs.20,000 Crore in Maharashtra’s Vadhvan Port

24 Dec 2024 CW Team

In a major boost to India’s maritime sector, Switzerland-based Terminal Investment Limited Sarl (TIL) has committed to investing Rs 200 billion for the development of the Vadhvan Port and its surrounding ecosystem in Maharashtra’s Palghar district.

The ambitious port project, valued at Rs 762 billion, is being spearheaded by Vadhvan Port Project Ltd (VPPL), a special purpose vehicle where Jawaharlal Nehru Port Authority (JNPA) holds a 74% stake, and Maharashtra Maritime Board owns the remaining 26%.

JNPA announced the signing of a memorandum of understanding (MoU) with TIL, emphasizing that the collaboration would elevate Vadhvan Port into a global maritime hub.

“This partnership reflects the confidence of global investors in India’s maritime sector and ensures the integration of cutting-edge technology, sustainable practices, and world-class infrastructure,” said Unmesh Sharad Wagh, IRS, Chairman of JNPA and CMD of VPPL.

TIL, known for its expansive portfolio of container terminals located on key global shipping routes, aims to introduce innovative and efficient port management practices.

The Vadhvan Port project aligns with India’s broader efforts to enhance its maritime infrastructure and position itself as a leader in global trade, setting new benchmarks in sustainability and operational efficiency.

Infrastructure Urban

09 Mar 2026

Flender Inaugurates Wind Gearbox Test Rig In Chennai

Chennai, 6 March 2026: Flender has inaugurated a 13.5 MW wind turbine gearbox test rig at its Walajabad facility near Chennai, marking the installation of the largest test rig of its kind in India. The facility was inaugurated on 5 March in the presence of Andreas Evertz, CEO, Flender Group; Lars Wiegemann, Vice President – Wind Gears; and Vinod Shetty, CEO, Flender India.The test rig has been developed to support testing and validation of wind turbine gearboxes, strengthening the company’s capabilities in the renewable energy sector. The commissioning was completed within three months thr..

BMW Industries partners with IOCL for PNG supply at Bokaro plant

BMW Industries has entered into a strategic partnership with Indian Oil Corporation (IOCL) for the supply of Piped Natural Gas (PNG), reinforcing its commitment to adopting cleaner and more efficient energy sources for its operations.The agreement was signed at the Eastern Region Pipelines (ERPL) headquarters in Kolkata. The partnership is expected to support the company’s upcoming manufacturing facility in Bokaro by facilitating the use of natural gas as a primary energy source.According to the company, the adoption of PNG will help enhance operational efficiency while also contributing to ..

Bombay Realty Secures RERA for Three ICC Tower in South Mumbai

Bombay Realty, the real estate arm of Bombay Dyeing and part of the Wadia Group, has received Real Estate Regulatory Authority (RERA) certification for Three ICC – Wing A, the latest luxury residential tower at Island City Center in Mumbai’s Dadar.The RERA registration marks a key milestone in the development timeline and reinforces the company’s focus on regulatory transparency, timely project delivery, and high construction standards.Following the success of One ICC and Two ICC, the upcoming Three ICC tower represents the next phase of the Island City Center development. The project ai..