TIDCO to develop logistics-related facilities along Chennai’s ORR

28 Jun 2022 CW Team

Tamil Nadu Industrial Development Corporation (TIDCO) is looking at the possibility of creating logistics-related facilities on a 13 km stretch between Redhills-Arunamadai junctions on the 62 km-long Outer Ring Road (ORR).

The land belongs to Chennai Metropolitan Development Authority (CMDA), and the authority has proposed to undertake a joint study with TIDCO to create facilities like truck terminals, warehouses, and truck bays, Sources said.

Finance Minister Palanivel Thiagarajan declared in the last budget session that 50 metres on either side of the ORR will be utilised for commercial development.

TIDCO sources said the proposal is in the initial stage and the CMDA has to start a feasibility study first.

The TIDCO went and inspected the land. TIDCO, the nodal agency for creating the logistics sector in Tamil Nadu, is also likely to come out with a State Integrated Logistics Plan and Policy shortly.

At present, TIDCO is a stakeholder in the 158-acre Mappedu multimodal logistic park that will work as a world-class logistic aggregation point for different cargo.v CMDA owns the 50-metre strip of land abutting ORR along the whole stretch for approximately 270 hectares.

As per the First Master Plan for Chennai Metropolitan Area, the ORR was created to reduce traffic congestion in the city. The Second Master Plan has also identified areas along with ORR as potential regions for future growth.

Image Source

Also read: TN to repurpose four coal plants for clean energy, grid stability

Real Estate

02 Apr 2026

Indian real estate attracts USD 1.4 bn institutional investments in Q1 2026: Vestian

Institutional investments in India’s real estate sector touched USD 1.4 billion in Q1 2026, marking the highest first-quarter inflow since 2022, according to Vestian. While investments fell 62 per cent quarter-on-quarter due to an exceptionally high base in the previous quarter, they rose 74 per cent compared to the same period last year, reflecting sustained investor confidence despite rising geopolitical and macroeconomic challenges.Commercial real estate remained the key driver of investment activity during the quarter, accounting for 80 per cent of total inflows, sharply higher than 38 p..

VECV crosses 1 lakh annual vehicle sales milestone in FY26

VE Commercial Vehicles (VECV), a joint venture between Volvo Group and Eicher Motors, has surpassed the 1 lakh annual sales mark in FY 2025–26, recording its highest-ever commercial vehicle sales performance. The company said it sold more than 100,000 vehicles during the year, marking a major milestone aligned with the original vision of the Volvo–Eicher joint venture.The strong performance was supported by demand across categories. Light and Medium Duty (LMD) trucks contributed 47,789 units, accounting for 46.1 per cent of total sales. Heavy Duty (HD) trucks recorded 26,867 units (25.9 pe..

Rodic Digital & Advisory partners SatSure to deploy EO intelligence in public sector

Rodic Digital & Advisory (RDA), the strategic advisory and digital transformation arm of Rodic Consultants, has signed a strategic cooperation Memorandum of Understanding (MoU) with SatSure to jointly pursue opportunities in India’s public sector. The collaboration aims to integrate high-resolution Earth Observation (EO) data and geospatial AI into government workflows to strengthen monitoring, compliance, and operational decision-making across key sectors.The partnership combines SatSure’s Earth intelligence capabilities with RDA’s expertise in government digital transformation and ..