The consolidated net profit of Great Eastern Shipping more than doubled to Rs 192 crore during October-December 2012 from Rs 87.46 crore in the year-ago period. The company cited forex gains and decline in interest costs as major reasons for the rise in net profit
Author: admin (Infratructure Today)
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SPS Shipping eyes coal ferrying contract
SPS Shipping is taking efforts to secure the contract to transport coal through inland waterways for NTPCÂ’s Barh-II thermal power plant project in Patna. The company is holding discussion with the public sector power major in this regard transport 3 million tonne of coal from Sandheads (mouth of the Hooghly river) alon
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Ennore port wants to raise capacity utilisation
MA Bhaskarachar, the new Chairman of Ennore Port wants to improve the utilization of various berths and increase the portÂ’s capacity to handle cargoes other than coal. By June this year, the entire port, including the approach channel and turning circle, will have a draft of 18 m
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India to respond to US notice on solar mission
India will respond within 10 daysÂ’ time to the United StatesÂ’ notice challenging India's domestic content requirements for its national solar programme as violation of global trade rules. The US, on February 6 filed an official dispute against India at the WTO claiming that the domestic sourcing rules flouted global trade norms. It has asked for consultations with India on the matter.
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Gujarat seeks more central aid for renewable projects
To promote renewable energy projects further in the state, Gujarat government has demanded more Central assistance and incentive through policy changes. The State government is heavily focusing on the solar and other renewable energy power generation. The request to the Union government was made at the Power Minister's Conference held at New Delhi on February 5.
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Birla Group firm mulls container berth project
Media reports suggest Dahej Harbour Infrastructure plans to set up a new, multi-purpose berth that can also handle containers at its captive jetty in the Dahej port, Gujarat. It is also learnt that the new, multi-purpose berth will be designed to handle 5-6 mn t of cargo a year including containers
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Govt may form task force to draft policy on underground mining
Public sector miner like Coal India (CIL) and other companies have urged government to draft a policy for the development of underground coal mines in the country. Following this, the union coal ministry has reportedly proposed to set up a task force to map out a strat
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Equipment makers see early revival of infra sector
As the Union government has recently taken policy initiative and the Reserve Bank of India (RBI) reduced interest rate, there are early signs of revival in the infrastructure sector, says the Indian Construction Equipment Manufacturers' Association.
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Haryana appeals for more coal to run its power plants
The Haryana government on February 5 has urged the Centre to initiate steps to make policy changes to make available sufficient quantity of coal for power plants situated in the state, Haryana Power Minister Capt Ajay Singh Yadav said.
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AI clears its major share of dues to Delhi, Hyd airports
Air India has cleared a large chunk of its dues to GMR-led operators of Delhi and Hyderabad airports, with the latest instalment of Rs 415 crore being paid a few days ago. A GMR spokesperson said that Air India has made large payments over the last two months to clear the outstanding dues to the GMR Group. GMR is hopeful that Air India will clear the remaining dues in an expeditious manner to reach a regular payment status.