logo
JSW Infrastructure wins Rs 740 crore Kolkata port project under PPP model

JSW Infrastructure wins Rs 740 crore Kolkata port project under PPP model

Business Upturn2 days ago
By Aditya Bhagchandani Published on July 7, 2025, 23:01 IST
JSW Infrastructure Limited, India's second-largest private port operator, announced on Monday, July 7, that it has received a Letter of Award (LoA) from the Syama Prasad Mookerjee Port Authority for the redevelopment of container facilities at Netaji Subhash Dock, Kolkata.
The project involves the reconstruction of Berth No. 8 and mechanization of Berths 7 and 8 at the dock under the Design, Build, Finance, Operate, and Transfer (DBFOT) model through public-private partnership (PPP). Key highlights of the project: Concession period: 30 years.
Estimated capex: ₹740 crore.
Construction timeline: 2 years.
The company can begin operations even during the construction phase to leverage Kolkata's steady cargo volumes.
The development aligns with the Indian government's port privatization initiative.
Post completion, the project is expected to enhance both the container-handling capacity and operational efficiency at the port. The investment also marks a milestone in JSW Infrastructure's strategy to diversify its cargo portfolio, particularly in the container segment.
With this addition, JSW's total container-handling capacity is expected to reach close to 1 million TEUs, strengthening its presence on both the eastern and western coasts of India. On the west coast, JSW operates the New Mangalore Container Terminal, which is being expanded from 0.2 million TEUs to 0.35 million TEUs. About JSW Infrastructure
JSW Infrastructure, part of the JSW Group, operates twelve ports and terminals across India and has an international presence with a liquid storage terminal in Fujairah, UAE. The company is targeting a total cargo-handling capacity of 400 million tonnes per annum by 2030, and recently acquired Navkar Corp to strengthen its last-mile logistics capabilities.
The company reaffirmed its commitment to sustainability and ESG standards while continuing its strategic expansion.
Ahmedabad Plane Crash
Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Mini Diamonds strengthens global and domestic footprint with Dubai order and Mumbai exhibition
Mini Diamonds strengthens global and domestic footprint with Dubai order and Mumbai exhibition

Business Upturn

timean hour ago

  • Business Upturn

Mini Diamonds strengthens global and domestic footprint with Dubai order and Mumbai exhibition

By Aditya Bhagchandani Published on July 10, 2025, 09:26 IST Mini Diamonds (India) Limited (MDIL) announced two major developments on July 10, 2025, reflecting its growing presence in both international and domestic markets. The company received a substantial export order from Dubai and is set to participate in its first B2C retail exhibition in Mumbai. Dubai order boosts global presence The company secured an export order for 1,000 pieces of sterling silver lab-grown diamond jewellery from AV Palace DMCC, a leading jewellery house in Dubai. This order is part of an ongoing partnership between the two firms, aimed at expanding MDIL's footprint in the Middle Eastern luxury market. 'This milestone strengthens our international presence and supports our vision of promoting sustainable luxury worldwide,' said Upendra N. Shah, Chairman and Managing Director of MDIL. First B2C exhibition in Mumbai On the domestic front, MDIL's retail brand Namra Jewels will showcase its lab-grown diamond jewellery collection directly to customers at an exclusive exhibition in Juhu, Mumbai, this weekend. The event will feature 14KT BIS hallmarked and IGI-certified pieces. According to the company, the exhibition will help strengthen customer engagement, enhance brand recognition, and provide valuable consumer insights as MDIL expands its offline presence. About Mini Diamonds Established in 1987, Mini Diamonds (India) Limited is a BSE-listed company known for its expertise in cut and polished diamonds, jewellery manufacturing, and lab-grown diamonds. Its state-of-the-art manufacturing facility in Mumbai combines craftsmanship and advanced technology to produce high-quality diamonds and jewellery for B2B and B2C markets worldwide. Shah added, 'These developments reflect our commitment to scaling responsibly through quality, affordability, and customer-focused growth.' Ahmedabad Plane Crash Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.

Prestige Estates shares rise as Q1 FY26 sales surge 300% to Rs 12,126 crore, highest-ever quarterly performance
Prestige Estates shares rise as Q1 FY26 sales surge 300% to Rs 12,126 crore, highest-ever quarterly performance

Business Upturn

timean hour ago

  • Business Upturn

Prestige Estates shares rise as Q1 FY26 sales surge 300% to Rs 12,126 crore, highest-ever quarterly performance

By Aditya Bhagchandani Published on July 10, 2025, 09:38 IST Shares of Prestige Estates Projects Ltd. traded higher by over 1.2% at ₹1,670 on Wednesday morning after the company reported its best-ever quarterly sales and collections for the first quarter of FY26. In its business update, the real estate developer announced that sales in Q1 FY26 aggregated to ₹12,126.4 crore, registering an impressive 300% year-on-year growth. Sales volume also jumped sharply to 9.55 million square feet, up 234% YoY, with 4,718 units sold during the quarter. Average realization stood at ₹13,339 per square foot for apartments and ₹7,343 per square foot for plotted developments. Collections for the quarter also climbed by 55% YoY to ₹4,522.7 crore, further demonstrating strong operational performance. Prestige Estates launched four residential projects spanning 14.94 million square feet, including its first-ever project in the NCR market — The Prestige City, Indirapuram — which saw about 80% of its inventory sold at launch, reflecting robust demand and growing brand presence in North India. Commenting on the milestone quarter, Irfan Razack, chairman and managing director, said, 'Q1 FY26 has been a milestone quarter for Prestige, with significant progress across multiple fronts. The launch of The Prestige City in NCR received an exceptional response, showcasing customer confidence and our rising brand equity in the region. This achievement, coupled with our first completions in Mumbai, reinforces our execution capabilities in India's most dynamic markets.' The company's strong performance this quarter underscores its growing footprint in key markets, backed by a mix of plotted developments, integrated townships, and premium apartments, catering to diverse homebuyers. Ahmedabad Plane Crash Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.

Indosolar surges 5% after promoter Waaree Energies announces to sell 2.4% Stake
Indosolar surges 5% after promoter Waaree Energies announces to sell 2.4% Stake

Business Upturn

timean hour ago

  • Business Upturn

Indosolar surges 5% after promoter Waaree Energies announces to sell 2.4% Stake

By Aditya Bhagchandani Published on July 10, 2025, 09:20 IST Shares of Indosolar Limited jumped 5% to ₹243.84 today after Waaree Energies Limited announced an Offer for Sale (OFS) of up to 10 lakh equity shares (2.4% of Indosolar's paid-up capital) to comply with SEBI's minimum public shareholding norms. The OFS, which will be conducted through a separate window on BSE and NSE, is scheduled for July 10, 2025 for non-retail investors and July 11, 2025 for retail investors. Key details of the OFS: Floor price: ₹265 per share. Broker: Antique Stock Broking Limited. Allocation: At least 25% of the offer is reserved for mutual funds and insurance companies, and 10% for retail investors. Retail discount: None. Cancellation clause: The seller reserves the right to cancel the OFS if there are insufficient bids at or above the floor price. The OFS is aimed at ensuring compliance with SEBI's rule requiring at least 25% public shareholding in listed companies. Shares of Indosolar gained sharply as the announcement is expected to enhance liquidity and investor participation in the stock. Disclaimer: This article is for informational purposes only and does not constitute financial advice. Please consult your financial advisor before making investment decisions. Ahmedabad Plane Crash Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store