Vadhvan Port starts rolling with tender for near shore reclamation

23 Oct 2024 CW Team

Vadhvan Port Project Ltd has called bids for near shore reclamation and shore protection works worth Rs 17 billion on engineering, procurement and construction (EPC) mode in what will be the first step towards constructing a new deep water major port at Vadhvan near Dahanu in Maharashtra’s Palghar district. “Out of this, we will create nearly 200 hectares of land close to the shore from where we can launch our offshore works like breakwater and reclamation. All other activities will start from here. It will act as a landing point for future works and subsequently when all works are completed offshore, this will be used as a yard for storage of containers, building tank farms and laying railway lines etc,” Unmesh Wagh, Chairman, Jawaharlal Nehru port Authority, told ET Infra. Vadhvan Port Project Ltd is a joint venture formed between Jawaharlal Nehru Port Authority (74 percent stake) and Maharashtra Maritime Board (26 percent equity), to implement the Vadhvan Port. The basic infrastructure for the new deep-water port such as dredging, reclamation, shore protection works, breakwater, approach trestle, rail and road connectivity, land acquisition and other common utilities, entails an investment of Rs 389.76 billion. Of this, dredging, offshore reclamation and shore protection works will be undertaken on public-private-partnership (PPP)/Hybrid Annuity Model (HAM) estimated worth Rs 20,647 crore. The rest of the core infrastructure will be created through EPC mode. Besides, the remaining project cost of Rs 37,244 crore will be invested by the private operators of container terminals, multipurpose berths, coastal cargo berths, RO-RO and liquid berths selected by Vadhvan Port Project Ltd. Vadhvan Port will be designed to handle 298 million tonnes (mt) of cargo, including 23.2 million twenty-foot equivalent units (TEU’s).

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..