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HomePosts Tagged "JNPA"
AgroPolicy, Finance, India, Logistics, Supply Chain, Transportation

Under the MoU, NMDC Group PJSC will invest in developing the offshore land of Vadhvan coast, involving dredging, reclamation, and shore protection.

NMDC Group PJSC, headquartered in Abu Dhabi, has inked an investment proposal worth Rs 21,000 crore with Jawaharlal Nehru Port Authority (JNPA) for the upcoming greenfield Vadhvan Port project in Palghar district of Maharashtra.

Under the memorandum of understanding (MoU) signed between JNPA Chairman and Managing Director Unmesh Sharad Wagh and NMDC Group Chief Executive Officer Yasser Zaghloul, the latter would make this investment for the development of the land offshore of Vadhvan coast by dredging, reclamation and shore protection of the to-be-built facility.

NMDC Group PJSC, headquartered in Abu Dhabi, UAE, operates across the Middle East and beyond, focusing on engineering, marine dredging, procurement, and construction. Under the MoU, NMDC Group PJSC will invest in developing the offshore land of Vadhvan coast, involving dredging, reclamation, and shore protection.

Unmesh Sharad Wagh, chairman, JNPA, and chief managing director, Vadhvan Port Project Ltd (VPPL), said, “The MoU between JNPA and NMDC Group PJSC is a significant step towards developing Vadhvan Port as a world-class maritime hub. This collaboration brings global expertise to one of India’s most ambitious port projects, ensuring its strategic and sustainable development. With progress ahead of schedule, we are committed to accelerating infrastructure development and enhancing India’s port capabilities to meet future trade demands.”

Under the MoU, NMDC Group PJSC will

AgroPolicy, India, Supply Chain, Transportation

 Jawaharlal Nehru Port Authority handled 567,392 TEUs in June 2024, an increase of 19 per cent year-on-year.

Jawaharlal Nehru Port Authority (JNPA) handled 1,688,145 TEUs from April 2024 to June 2024 compared to 1,526,284 TEUs in the same period last year, an increase of 10.60 percent. JNPA handled 567,392 TEUs in June 2024, an increase of 19 percent year-on-year. There is also a remarkable increase in the rakes share. In June 2024, containers handled through rakes were 86,333 TEUs, an increase of 17 per cent compared to 73,707 TEUs in June 2023, mentioned an official release.

 “We are delighted to share that JNPA has continued its growth trajectory with significant increase in handling TEUs. This quarterly performance is a testament to JNPA’s efforts to reduce logistics costs and time by providing efficiency in EXIM and ease of doing business. I must say that this quarter has been very fruitful for JN Port as we also received the cabinet’s approval for the mega port project of Vadhvan, which is going to be a game changer for the Indian Maritime sector”, Unmesh Sharad Wagh, Chairman, JNPA said in the statement.

“This project is a catalyst for strengthening economies of scale and transcending the conventional way of port operations in India. We also completed our 35 years of establishment and have been thriving ever since.” The port will comprise nine container terminals, each 1,000 metres long, four multipurpose berths, including the coastal berth, four liquid cargo berths, a Ro-Ro berth, and a Coast Guard berth. The project involves the reclamation of 1,448 hectares of area in the sea and the construction of 10.14 km of offshore breakwater and container/cargo storage areas. The project will create a cumulative capacity of 298 million tonnes per annum, including around 23.2 million TEUs of container handling capacity.

 Jawaharlal Nehru Port Authority handled 567,392 TEUs