Vadhavan Port Secures Rs 57 Bn in Deals for Expansion in Maha

25 Apr 2025 CW Team

Vadhavan Port in Maharashtra's Palghar district has signed key agreements worth Rs 57 billion for its proposed facility. The deals, which were finalised in the presence of Union Shipping Minister Sarbananda Sonowal and Minister of State Shantanu Thakur, involve the construction of a dedicated terminal for chemical products and a specialised jetty for liquid cargo.

Set to become India’s 13th largest container port, Vadhavan Port is being developed with an overall investment of Rs 760 billion and will feature nine terminals, two of which will handle liquid and related cargo.

Among the major agreements is a Rs 42 billion investment with Gandhar Refineries to establish a terminal for large-scale cargo, containers, and liquid chemicals. A Rs 10 billion deal was also signed with Saraf Group for a similar terminal, and another Rs 5 billion pact with IMC Group will see the construction of a liquid cargo jetty and storage tanks with a total capacity of 300,000 cubic meters.

Minister Sonowal remarked, “The development of these ports will help realise Vision India@2047. Vadhavan Port will triple the nation’s port handling capacity and bring it into the top 10 ports globally, as envisioned by Prime Minister Narendra Modi.”

The project, which received Cabinet approval in June 2024, is being developed under the landlord model, with terminals built through Public-Private Partnerships (PPP). Once completed, the port is expected to enhance India’s cargo handling capabilities and strengthen its position in global maritime trade.

Resources

11 May 2026

Hindustan Zinc Joins Dow Jones ESG Index

Hindustan Zinc has been included in the Dow Jones Best-in-Class Index 2026 for Emerging Markets following the latest index rebalance by S&P Dow Jones Indices. The inclusion marks the company’s first entry into the global ESG benchmark index.Formerly known as the Dow Jones Sustainability Index, the benchmark tracks companies demonstrating strong environmental, social and governance (ESG) performance across global markets. Hindustan Zinc is among only 25 Indian companies included in the emerging markets index and one of only two companies from India’s metals and mining sector.The company..

Carlton London Enters Furniture Market with EBG Group

Carlton London has entered India’s furniture market through a partnership with EBG Group, launching Carlton Luxury Furniture with a focus on sustainable and long-life home interiors. The venture plans to open 600 franchise-led showrooms across 300 cities over the next five years through a partner-driven expansion model. The company expects the rollout to generate investments of Rs 18-20 billion from franchise stakeholders and create over 12,000 jobs across the country. The brand said the initiative will focus on sustainability-led furniture manufacturing, targeting a reduction of around 16..

BirlaNu Opens First Vijayawada Experience Centre

BirlaNu, part of the CKA Birla Group, has launched its first Experience Centre in Vijayawada, Andhra Pradesh, marking a strategic expansion in South India.Located at Mahatma Gandhi Road, Governorpet, the centre showcases BirlaNu’s portfolio across walls, floors, pipes, putty and construction chemicals through simulated real-world application displays. The format allows customers, contractors and architects to directly evaluate products before specification or purchase.The company said the initiative addresses a long-standing gap in the building materials sector, where purchasing decisions ar..