Major thrust to multimodal logistics in Budget 2022-23

FIL Industries to Raise Rs 2 Billion for Ropeway Expansion

FIL Industries is set to expand its ropeway infrastructure business and aims to raise Rs 2 billion through equity funding to support this growth, according to Executive Director Syed Junaid Altaf.The company has already invested approximately Rs 7.5 billion across three projects—Skyview by Empyrean at Patnitop, Dehradun-Mussoorie, and Yamunotri-Kharsali. Looking ahead, FIL intends to develop an additional four to five ropeway projects over the coming years.To streamline financing, FIL plans to consolidate all current and upcoming ventures under a single Special Purpose Vehicle (SPV), which w..

KSH Infra to Invest Rs 5.5 Billion in Tamil Nadu Park

KSH INFRA, a leading Indian developer of sustainable Grade A industrial and logistics infrastructure, has announced plans to invest Rs 5.5 billion in a new industrial park in Tamil Nadu. This will be the company’s second park in the state, located in the fast-growing Sriperumbudur-Oragadam belt, and spread across 60 acres of freehold land with a development potential of 1.6 million square feet.With approximately 600 metres of direct frontage along the adjacent Other District Road, the site offers robust multimodal connectivity. The under-construction Chennai–Bangalore Expressway (NE7) is s..

Visakhapatnam Port Gets Rs 2.76 Billion Upgrade Boost

Visakhapatnam Port is set to undergo a significant infrastructure overhaul with the Union Ministry of Ports, Shipping & Waterways launching and inaugurating capacity-building projects worth Rs 2.76 billion. These upgrades aim to strengthen cargo handling, improve vessel traffic management, and enhance public amenities, positioning the port as a modern logistics hub on India’s eastern coast.Union Minister Sarbananda Sonowal laid the foundation for six key projects totalling Rs 1.16 billion. These include a new B-Ramp within the port (Rs 334.9 million), a finger jetty with a wharf at the f..