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Economy News, Latest Economic News Today | The HinduBusinessLine

GE, HAL clinch tech deal on joint jet engine plan India rejects USTR allegations, seeks termination of Section 301 probe Indian automobile sales record highest-ever sales in FY26, first time after FY19: SIAM Madhya Pradesh CM says basmati rice from the State is exported to 47 nations 63 Moons’ cybersecurity arm pilots GPS-spoofing solution at Indian airports Highways ministry notifies amendment to streamline fee for overloaded vehicles on NHs Global aviation crisis deepens as fuel shortage, Iran conflict hit airlines TRI launches agri-voltaic project to help farmers earn double income Hotel industry to hit $31 billion in 2029; listed hotel firms set to add 70k rooms by 2030: CBRE Temperatures may trend up over North-West, Central India until weekend Reduction in airport tariff credit neutral, minimal impact on revenue: Ind-Ra Global coffee prices rise as fertiliser costs and West Asia tensions threaten supply Bluspring Enterprises to acquire LSG Sky Chefs India, enters aviation catering sector China says policy to improve relations with India remains unchanged amid Arunachal naming row Research firms divided over impact of below normal monsoon on food inflation Unnat Krishi Mahotsav concludes, farmers to emerge as energy, fuel & hydrogen providers, says Gadkari Airlines may get ₹5,000 crore credit support under proposed ECLGS variant How kashmir’s breakthrough is making Gucchi mushroom farming possible Centre not taking away State’s power on bonus for agri produces, says FM Sitharaman Carriers cut flights on cost pressures, uncertain demand GE Aerospace scales AI from pilots to production; India anchors global capability West Asia crisis may push India’s current account deficit to 2% of GDP: Crisil Tax Dept to resume Tiger Global reassessment, says GAAR relief won’t alter SC ruling Ceasefire talks fail to restore vessel movement in Strait of Hormuz, fate of 599 ships remain inconclusive DMRC launches mid-life refurbishment of Blue Line trains to enhance safety and passenger experience Retail inflation likely rose 3.5-4% in March India-UK free trade pact may come into force from second week of May: Official 'West Asia war a good opportunity for energy reforms, lower costs for industry' India’s marine exports surge to ₹62,408 crore in 2024-25, Govt sets ₹1 lakh crore target PM Modi to inaugurate Dehradun-Delhi Expressway on April 14
Chennai Port-Maduravoyal elevated corridor set for Novemb...
By BL Chennai Bureau · 2026-05-22 · via Economy News, Latest Economic News Today | The HinduBusinessLine
S Viswanathan, Chairperson, Chennai Port Authority and JP Irene Cynthia, Chairperson and MD, Kamarajar Port Ltd, at a press conference in Chennai.

S Viswanathan, Chairperson, Chennai Port Authority and JP Irene Cynthia, Chairperson and MD, Kamarajar Port Ltd, at a press conference in Chennai. | Photo Credit: Bijoy Ghosh

The long-delayed four-lane elevated corridor connecting Chennai Port and Maduravoyal is expected to be operational by November 2027, according to S Viswanathan, Chairperson of the Chennai Port Authority.

The ₹3,570-crore project, being executed by the National Highways Authority of India, has achieved around 25-27 per cent physical progress so far.

Speaking to reporters on Friday, Viswanathan said construction was progressing at a rapid pace and expressed confidence that the elevated corridor would be completed within the target timeline. To support seamless connectivity with the new corridor, Chennai Port is also undertaking internal road and intersection improvement works at a cost of ₹37.18 crore.

Work in progress on the Chennai Port- Maduravoyal elevated corridor project

Work in progress on the Chennai Port- Maduravoyal elevated corridor project | Photo Credit: Bijoy Ghosh

The 20.9-km elevated corridor project, originally launched in 2010, had been stalled and eventually terminated in 2016. It was revived in 2023 following requests from the Tamil Nadu government and Chennai Port Trust after recommendations by a technical committee. The project features a two-tier design aimed at segregating cargo and passenger traffic for smoother movement.

Once completed, the corridor is expected to substantially enhance cargo evacuation efficiency and boost Chennai Port’s cargo handling capacity from the current 53 million tonnes per annum (mtpa) to nearly 200 mtpa by 2047.

Viswanathan, along with J P Irene Cynthia, Chairperson and Managing Director of Kamarajar Port Limited, said that the two ports together handled a record 107 million tonnes (MT) of cargo during FY26, surpassing the previous year’s 103.37 MT. Chennai Port handled 57.90 MT, while Kamarajar Port handled 49.08 MT.

“A car is being exported every 80 seconds from Chennai and Kamarajar ports,” Viswanathan said.

Combined operating income of the two ports crossed ₹2,400 crore during the year. Chennai Port reported a record operating income of ₹1,185.01 crore and a net surplus of ₹434 crore in FY26. Kamarajar Port posted an 8.85 per cent year-on-year rise in income from operations to ₹1,239 crore and recorded its highest-ever net profit of ₹596 crore.

Total capital expenditure by the two ports stood at ₹992 crore in FY26, including ₹195 crore by Chennai Port, ₹478 crore by Kamarajar Port and ₹320 crore invested by PPP partners of KPL.

Among major infrastructure initiatives, Chennai Port will develop a multi-level car parking facility under PPP mode at a cost of ₹400 crore. The Jawahar Dock entrance is also being widened and strengthened with an investment of ₹417 crore. At Kamarajar Port, the ₹921-crore IOCL captive jetty and the ₹261-crore Coal Berth-3 project have been completed.

Cynthia also said KPL would develop a second container terminal on a DBFOT basis at an estimated cost of ₹4,288 crore, with bid documents currently under preparation.

Published on May 22, 2026