Chennai's Kasimedu Harbour Modernisation Nears Completion

19 Feb 2025 CW Team

Chennai’s Kasimedu Fishing Harbour is undergoing a Rs 1.27 billion modernisation project set for completion by mid-2025. Initially approved in April 2022, the project faced delays due to environmental clearance, which was granted in May 2024. As of February 14, 2025, 45% of the work has been completed.

Funded under the Pradhan Mantri Matsya Sampada Yojana (PMMSY) and Sagarmala scheme, the project is being executed in two phases—Rs 1.16 billion for Phase 1 and Rs 106 billion for Phase 2—covering 18 key upgrades.

The development includes a high-tech ship lift facility for efficient boat repairs, improved roads, security, and parking, along with a modern fish handling shed, sanitary complexes, and a solid-liquid waste management system. Dredging to a depth of 4.5 meters will accommodate larger boats, while a vessel monitoring system will enhance safety. The facelift is expected to boost the fishing community’s livelihood and strengthen Chennai’s maritime sector.

(newindianexpress)

Infrastructure Urban

06 Apr 2026

CFI Appoints New National Council for FY27 and FY28

The Construction Federation of India (CFI) has announced its newly elected National Council and office bearers for a two-year term covering FY27 and FY28. M. V. Satish, Advisor to CMD and Lead Ambassador for Middle East, L&T, has been elected President; Priti Patel, Chief Strategy & Growth Officer, Tata Projects, has been appointed Vice President; and Ajit Bhate, Managing Director, Precast India Infrastructures, has taken charge as Treasurer.The newly formed National Council brings together senior leaders from major EPC and infrastructure companies, reflecting CFI’s continued focus o..

India REIT Market Gains Momentum with Strong Returns

India’s Real Estate Investment Trust (REIT) market is witnessing strong growth, emerging as a competitive investment avenue both domestically and across Asia. According to a recent ANAROCK report released at EXCELERATE 2026 by NAREDCO Maharashtra NextGen, the sector is evolving into a mature asset class driven by solid fundamentals, regulatory backing and rising investor confidence.The introduction of Small and Medium REITs (SM REITs) in 2025 has further widened access through fractional ownership, unlocking a potential monetisation opportunity of Rs 670–710 billion. Indian REITs have deli..

G R Infraprojects Secures Rs 4,130 Million BESS Contract From NTPC

G R Infraprojects said it has secured a contract from NTPC to supply and implement a battery energy storage system (BESS) valued at Rs 4,130 million (mn). The company reported the order was awarded as part of NTPC's ongoing efforts to enhance grid flexibility and energy storage capacity. The contract represents a notable addition to the firm's project pipeline and underscores demand for utility scale storage solutions. The award is expected to strengthen G R Infraprojects' presence in the energy infrastructure sector and to contribute to the firm's order book and future revenues, subject to st..