DP World receives platinum certification from IGBC for its Nhava Sheva Business Park
DP World, a leading global provider of smart end-to-end supply chain solutions, has received platinum certification from the Indian Green Building Council (IGBC) for its Nhava Sheva Business Park (NSBP). IGBC’s rating systems acknowledge excellence in green design, construction and operations, with the platinum rating setting a benchmark according to international standards. The NSBP has become the first free trade warehousing zone (FTWZ) in India to achieve platinum certification under the IGBC logistics parks and warehousing rating system.
Strategically positioned near the port, the NSBP is designed to facilitate global trade in order to explore the Indian market and vice versa. Operational since 2022, the NSBP’s platinum certification represents a significant leap forward for the Indian-Global trade ecosystem, providing sustainable supply chain solutions to its customers.
Amber Group and Titagarh Rail Systems forge a strategic alliance to enter the train components and subsystems business in India and Italy
An important strategic alliance was announced between Kolkata’s Titagarh Rail Systems Limited (TRSL) and Delhi-NCR’s Amber Group on January 25, 2024. The two companies have agreed to enter the railway component and subsystem business by way of a joint venture company (JVC)/special purpose vehicle (SPV). Under the agreement, TRSL and the Amber Group (via its wholly owned subsidiary Sidwal Refrigeration Industries Private Limited) will invest approximately Rs 1.2 billion each to obtain around 50 per cent stake each in the SPV, to set up the new railway components business. This SPV will set up a new facility in India to produce critical railway components and subsystems used in the manufacturing of railway and metro coaches. It will also make fresh equity investments in Titagarh Firema SpA, Italy, an associate of the Titagarh Group. Moreover, a new investment will be in Firema by the Government of Italy, for which in-principle approval has already been obtained from the government’s investment arm, Invitalia. Under the agreement, Firema will grant Sidwal, Titagarh Rail and the JVC-SPV preferred supplier status and right of first refusal over all their products.
Both companies are investing to grow their capabilities and capacities for various products that can be exported to Europe, such as mechanical and electrical components for trains from TRSL; and heating, ventilation, air conditioning, doors, gangways and pantry systems from Sidwal.
Marut Drones delivers India’s first-ever mineral exploration drones to NMDC
Marut Drones, India’s leading drone manufacturer, has delivered drones to the National Mineral Development Corporation (NMDC) to pioneer drone-based mineral exploration in the country. NMDC has procured two customised Octacopter drones from Marut Drones. This collaboration marks a significant leap forward in the field of mineral exploration, with the introduction of advanced technology to enhance precision in mineral exploration and mapping, and enable sustainable mining practices.
Marut has achieved a historic milestone by producing India’s inaugural set of custom mineral exploration drones. These drones contain advanced sensors specifically designed for mineral exploration, such as magnetometers, hyperspectral sensors and LiDAR, enhancing their capabilities for accurate exploration and mapping. Their innovative coaxial design not only ensures stability, but also facilitates precise manoeuvrability, which is crucial for effective mineral exploration.
Foundation stone laid for cutting-edge CUF POL terminal in Jammu
The foundation stone for a state-of-the-art common user facility (CUF) petroleum, oil and lubricants (POL) terminal was laid on the outskirts of Jammu city on February 20, 2024. The project, led by Bharat Petroleum Corporation Limited and other participating companies, will address critical challenges posed by the space-constrained existing depots of public sector oil marketing companies in the region.
Scheduled for completion by March 31, 2025, the proposed CUF POL terminal, situated in Pargalta and Kanna Chhargal villages near the Bajalta railway station, spans a land parcel of 115.41 acres. The estimated total capital cost, including land acquisition, for the terminal is Rs 6.76 billion.
This modern facility is designed to have a fully automated depot with a storage capacity of 100,000 kl. It will store a variety of petroleum products, including motor spirit, high speed diesel (HSD), superior kerosene oil, aviation turbine fuel, ethanol, biodiesel and winter-grade HSD. The terminal will be equipped with an administrative block, a control room and a substation, meeting the latest safety standards and fire fighting facility requirements. It will also include tank lorry filling gantries to efficiently distribute petroleum products to retail outlets and consumers in major districts of Jammu & Kashmir, Ladakh, Srinagar, Kargil and Leh.