IIFCL has approved loans totaling Rs 82.44 billion to develop 20 ports
PORTS & SHIPPING

IIFCL has approved loans totaling Rs 82.44 billion to develop 20 ports

The state-owned IIFCL has approved loans totaling Rs 82.44 billion for roughly 20 projects to assist increase port capacity by 836 million tonne per annum (MTPA), or one-fourth of India's overall cargo volumes. About 2,600 MTPA is the entire port capacity of India. As of March 2022, the cargo handling capacity of 12 main ports of this total was 1,598 MTPA.

The Paradip Port, Essar Vizag Port, Tuticorin, Krishnapatnam Port, and Karaikal Port are just a few of the major port projects that India Infrastructure Finance Company (IIFCL) has been providing financial support for.

The most recent is the Ramayapatnam port, which affirms our faith in this crucial industry and the potential it possesses to enhance connectivity, reduce logistical costs, and strengthen the economy.

15 non-major ports and 5 of India's 12 main ports have been developed by IIFCL.

IIFCL would contribute Rs 10 billion to another greenfield non-major port in Andhra Pradesh with a targeted capacity of 30 MTPA, continuing to support world-class infrastructure in India.

Also read:
Andhra Pradesh fast tracks work on new ports
Sea Port construction resumes at Vizhinjam


The state-owned IIFCL has approved loans totaling Rs 82.44 billion for roughly 20 projects to assist increase port capacity by 836 million tonne per annum (MTPA), or one-fourth of India's overall cargo volumes. About 2,600 MTPA is the entire port capacity of India. As of March 2022, the cargo handling capacity of 12 main ports of this total was 1,598 MTPA. The Paradip Port, Essar Vizag Port, Tuticorin, Krishnapatnam Port, and Karaikal Port are just a few of the major port projects that India Infrastructure Finance Company (IIFCL) has been providing financial support for. The most recent is the Ramayapatnam port, which affirms our faith in this crucial industry and the potential it possesses to enhance connectivity, reduce logistical costs, and strengthen the economy. 15 non-major ports and 5 of India's 12 main ports have been developed by IIFCL. IIFCL would contribute Rs 10 billion to another greenfield non-major port in Andhra Pradesh with a targeted capacity of 30 MTPA, continuing to support world-class infrastructure in India. Also read: Andhra Pradesh fast tracks work on new ports Sea Port construction resumes at Vizhinjam

Next Story
Infrastructure Energy

Samridh, CEID Launch High-Capacity Biogas Plant in Moradabad

Samridh Bioenergy has broken ground on a 12 TPD compressed biogas (CBG) plant in Moradabad, Uttar Pradesh, under the MNRE’s National Bioenergy Programme. Spread across 12 acres, the plant will process 270 tonne of organic waste daily and generate 30,000 cubic metre of biogas per day.CEID Consultants and Engineering Pvt Ltd has been appointed as the EPC contractor, responsible for the complete design, procurement, and construction of the plant. Equipped with four multi-feed digesters, the facility will accept a mix of press mud, cow dung, chicken litter, and vegetable waste, supporting contin..

Next Story
Real Estate

Delhi Micro-Markets Drive Up Housing Prices: Grihum Study

A new study by Grihum Housing Finance reveals that the rise of micro-markets across Delhi-NCR is fuelling real estate price appreciation, especially in the affordable housing segment. Key drivers include renewed post-pandemic interest, migration trends, and government schemes like PMAY.According to the study, over the past two decades, floor rates have risen 267 per cent, from Rs 1,500 per sq ft in 2005 to Rs 5,500 in 2024. In the same period, land rates surged 492 per cent, from Rs 1,300 to Rs 7,700 per sq ft. The sharp increase highlights strong capital appreciation in Delhi’s emerging loc..

Next Story
Resources

Covestro Develops PCR Polycarbonates from End-of-Life Headlamps

Materials manufacturer Covestro has launched post-consumer recycled (PCR) polycarbonates made from end-of-life automotive headlamps, in a move aimed at strengthening circularity in the auto industry. These TÜV Rheinland-certified grades, containing 50 per cent recycled content, are now commercially available for new automotive applications.Developed under a joint programme led by GIZ, with Volkswagen and NIO as key partners, the recycled material is currently being validated for use in future vehicle models.""This new line of polycarbonate represents a significant step in supporting the autom..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?