JNPA
High watermark: Why is India building its biggest port ever?
Vadhavan Port in Palghar district, operational by 2030, will cost Rs 76,220 crore and connect via the DFC. Supporting IMEC, it will handle 23.2 million TEUs by 2040. Challenges include proximity to Tarapur nuclear plant and relocating fishing activities. This 2019 initiative, highlighted by Amitabh Kant, boosts India’s trade.
Jawaharlal Nehru Port q1 container traffic up 10.6%
The port had handled 1,526,145 TEUs in the first quarter of 2023-24, Jawaharlal Nehru Port Authority (JNPA) said.
Cabinet approves Rs 76,220 crore Vadhavan port
The Union Cabinet approved India's 13th Major Port at Vadhavan in Maharashtra worth Rs 76,220 crores. The project will create additional capacity and operate on a 'landlord model' under a PPP model.
Cabinet approves Vadhavan Port project worth over Rs 76,000 crore in Maharashtra
The Cabinet led by Prime Minister Narendra Modi has approved the construction of a new deep draft port at Vadhavan in Maharashtra, costing Rs 76,200 crore. Upon completion, this port, valued at Rs 76,200 crore, will rank among the world's top 10 ports. The project will be executed by Vadhavan Port Project Limited (VPPL), a special purpose vehicle (SPV) jointly formed by the Jawaharlal Nehru Port Authority (JNPA) and the Maharashtra Maritime Board (MMB), holding 74% and 26% shares respectively, according to an official statement.
Major ports cargo traffic rises over 3% to 72.04 million trillion in May
Cargo traffic at major Indian ports rose by 3.75% in May to 72.04 MT, with notable growth at Visakhapatnam, Chennai, and Cochin ports, as per Indian Ports Association data.
Tamil Nadu among best states for economic zone: DP World official
DP World Vice President, Economic Zones, India Subcontinent and MENA, Ranjit Ray, said Chennai also has strategic advantages since it is connected to South Asia, Africa, Australia via the sea route.
Major Indian ports bettered efficiency and earnings in 2023-24
According to the centre, average container turnaround time reached less than a day in 2023-24 which is better than USA (1.5 days), Australia (1.7 days), Singapore (1.0 days). The improvement is on the back of investments in cargo handling equipment on berths and better supply chain visibility due to digitalization, officials said.
Environment green signal for Vadhavan port, Cabinet to take up soon: Shipping Minister
The Union Environment Ministry has granted approval for the Rs 76,000 crore Vadhavan Port, which will now be presented to the Cabinet for final approval, as stated by Ports, Shipping, and Waterways Minister Sarbananda Sonowal. Vadhavan Port Projects Ltd. (VPPL), a special purpose vehicle (SPV) with 74% stake held by Jawaharlal Nehru Port Authority (JNPA) and 26% by Maharashtra Maritime Board, will invest Rs 38,976 crore in infrastructure, with an expected Rs 37,244 crore investment from the private sector.
Vadhavan Mega Port gets green signal from Maharashtra coastal zone body
The Maharashtra Coastal Zone Management Authority (MCZMA) has given a go-ahead to the All-Weather Deep Draft Greenfield Vadhavan Mega Port. Jawaharlal Nehru Port Authority (JNPA) is planning to develop this project through a special purpose vehicle (SPV) with the Maharashtra Maritime Board (MMB).
APM Terminals ties up with JNPA to develop terminal at upcoming Vadhavan Port
APM Terminals signed an agreement with Jawaharlal Nehru Port Authority (JNPA) to develop a container terminal at Vadhavan Port in Maharashtra. The project has an estimated cost of Rs 76,220 crore and a capacity to handle 23 million TEUs/254 million tonnes annually. The MoU was signed during the Vibrant Gujarat Global Summit 2024.
Vibrant Gujarat Summit: Shipping ministry signs pacts for Rs 30,000 crore investments
The proposed Vadhavan port in Maharashtra is a high-priority initiative for the government, the port is designed to handle an annual cargo capacity of 23 million TEUs (twenty-foot equivalent units) or 254 million tons, boasting a natural draft of 20 meters to accommodate larger container vessels of up to 20,000 TEUs.
Welspun One to invest Rs 700 crore to develop 1.2-million-sq-ft logistic hub in Navi Mumbai
This marks the second deployment from Welspun Ones’ latest alternative investment fund that has a total corpus of Rs 2,000 crore. This project will be financed through a mix of debt and equity.
Proposed Vadhavan Port of national interest, people must not believe in propaganda, says JNPA chief
The proposed Vadhavan Port in Palghar district, Maharashtra, estimated to cost over Rs 75,000 crore, is expected to significantly impact the region and change lives, according to Sanjay Sethi, Chairperson of Jawaharalal Nehru Port Authority (JNPT). Despite being an important project, it has faced propaganda causing misunderstandings.
DP World inks pact with JNPA for Vadhavan port
Global logistics operator DP World has signed an initial pact with the Jawaharlal Nehru Port Authority (JNPA) to develop a new port at Vadhavan. The location of Vadhavan, along the Arabian coast near Mumbai and Gujarat, makes it an attractive trade gateway.
Govt plans to develop Jawaharlal Nehru Port as smart port within a year: Sonowal
The government plans to develop the country's premier container port Jawaharlal Nehru Port as a fully smart port within one year, Union Minister Sarbananda Sonowal said on Thursday. Speaking at the 34th anniversary and annual award distribution ceremony of the JNPA, the Minister for Ports, Shipping and Waterways said the government wants the facility to compete with the best ports in the world.
Jawaharlal Nehru Port Authority logs record growth in container traffic at 6.05 mn TEUs in FY23
Jawaharlal Nehru Port Authority (JNPA) on Monday said it has logged a record growth in container traffic at 6.05 million TEUs (Twenty-foot equivalent units) in FY23, a growth of 6.4 per cent over the year earlier. Total container traffic at the port in the fiscal year ended March 31, 2022, was recorded at 5.68 million TEUs.
Bombay HC dismisses Adani Port & SEZ’s plea against JNPA in bid disqualification case
Adani Ports & SEZ was one of the companies that had shown interest under a global tender issued by the Jawaharlal Nehru Port Authority (JNPA) for the operation and maintenance of a container terminal for a period of 30 years.
JNPA expects Rs 8,000-10,000 crore investment in its multi-product SEZ project
The Special Economic Zone (SEZ), the country's first port-based and port-led facility, has been operational since July last year.
Adani Ports moves Bombay High Court against tender disqualification by JNPA
The company has also named the Board of Trustees of Jawaharlal Nehru Port Authority (BTJNPA) as the respondent in the case. The tender issued was a global invitation of Request For Qualification (RFQ) calling for application from interested parties for the upgradation.
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