CapEx News
Project News,Updates,Bids & Tenders for Consultants,EPC Contactors,Industrial Suppliers & Service Providers
Deendayal Port, Cochin Shipyard to build Rs 1,750-crore ship repair hub in Gujarat
Infrastructure - Feb 07,2025 -Deendayal Port Authority (DPA), which operates Kandla port, will partner with Cochin Shipyard (CSL) to establish a ship-repair hub on the western coast of India at Vadinar, Gujarat. The project is estimated to cost Rs 1,750 crore.
DPA will invest Rs 700 crore in building an outfitting jetty at Vadinar in Devbhumi Dwarka district, and civil construction works, while Cochin Shipyard will put up two floating docks at an outlay of Rs 1,050 crore. Of the Rs 700 crore, about 50 percent will be funded by the Sagarmala scheme, as informed by Chairman of DPA, Sushil Kumar Singh.
The new Vadinar facility will have the capacity to repair 32 vessels annually. CSL will be responsible for repair activities at this facility and will pay a fixed lease rent and royalty to DPA. A detailed project report (DPR) has already been submitted to the Union Ministry for Ports, Shipping and Waterways for approval. The upcoming Vadinar hub is expected to strengthen India’s ship-repair capacity and contribute to the growth of the shipping industry on the country’s western coast.
Cochin Shipyard
Recent News
◉ MMRDA begins work on Rs 2,682 crore elevated road from Ghatkopar to Thane - Apr 15,2025◉ PM Modi lays foundation for Rs 8,470 crore modern thermal power unit in Haryana - Apr 15,2025
◉ VMRDA set to lay seven master plan roads in Vizag - Apr 15,2025
◉ PM Modi lays foundation stone for new terminal at Hisar airport - Apr 15,2025
◉ Chhattisgarh CM lays foundation stone for Rs 1,143 crore semiconductor manufacturing unit - Apr 15,2025
◉ Ashoka Buildcon emerges as lowest bidder for Rs 569-crore railway project - Apr 15,2025
◉ Baldota Group announces steel sector foray with Rs 54,000-crore project in Karnataka - Apr 15,2025