Reports suggest that around 10 minor ports in Karnataka together handled approximately 15.81 lakh tonne of cargo during 2011-12. These minor ports are Karwar, Belikeri, Tadri, Honnavar, Bhatkal, Kundapur, Hangarakatta, Malpe, Padubidri and Old Mangalore. These ports are under the control of the state government
Author: admin (Infratructure Today)
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DP World takes efforts to attract shipping lines
In the last few years, container terminal operator DP World has been taking efforts to attract foreign and domestic shipping lines to Vallarpadam International Container Transhipment Terminal (ICTT). DP World is attracting shipping lines by informing them about the productivity and performance of the term
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Container traffic at NMPT rises
New Mangalore Port Trust (NMPT) has reportedly handled 37,101 Twenty Foot Equivalent Unit (TEU) of container cargo so far during 2012-13 compared to 35,792 TEU handled during the corresponding period of 2011-12. This represents a growth rate of 3.66 percent. The port expects the container traffic to rise going forward once
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Transport Corporation of India Limited Q3 revenues up by 5%
TCI, India's leading integrated supply chain and logistics solutions provider today announced its financial result for the quarter / Nine months ended December 31, 2012. The company's total revenue for the third quarter registered a growth of 5.33% rising to Rs. 491.91 crore from Rs. 467 crore in the corresponding period last year. It has registered a decline in EBITDA margin for the period to Rs. 34.25 crore from Rs. 38.56 crore in the corresponding quarter last year due to prolonged economic s
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Delhi Airport successfully handles record 73 ATMs/hour
Delhi Airport has started the year 2013 with a new milestone in its history registering 73 Air Traffic Movements (ATMs) in an hour on 24th January'13. It is the record number of air traffic movements ever made at any airport in India thanks to the efforts by the ATC team.
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RBI survey expects 5.5% economic growth in FY13
According to a survey sponsored by the Reserve Bank of India (RBI), the Indian economy may expand at 5.5 per cent in 2012-13, lower than the government's revised annual growth estimate of 5.7 per cent. It may be noted that the RBI had earlier projected a growth rate of 5.8 per cent for 2012-13. The Indian econ
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ONGC expects 27 mn t oil output in 2012-13
Sudhir Vasudeva, Chairman and Managing Director of Oil and Natural Gas Corporation (ONGC) informed that his firm may produce 27 million tonne of crude oil and 25.7 billion cubic m of gas in 2012-13. Even in 2011-12, the firm achieved similar level of production. However, the firm aims to add 2.9 million-tonne oil equivalent to its output in 2013-
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Infra firms welcome RBI rate cut
Infrastructure developers and development finance companies cheered the Reserve Bank of India's (RBI) move to cut policy repo rate in its third quarter review of monetary policy. Infrastructure developers urged banks to pass on the cut in policy rate to borrowers and thereby reduce the cost of funding
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RBI hints at more policy easing if inflation, CAD falls
The Reserve Bank of India (RBI) Governor D Subbarao informed reporters that there would be more room for monetary policy actions if inflation eases further and the current account deficit moderates further. He said this after announcing the decision of the RBI to reduce repo rate by 25 basis points and cash reserve ratio (CRR) of scheduled commercial banks by 25 bps in the third quarter monetary policy
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Home Ministry to check road works along China border
To review progress of road construction along China border the Indian Home Ministry will hold a review meeting this week. Media had last week highlighted about the tardy pace of construction of the key stretches in Sikkim and Uttarakhand that are being built for Indo-Tibet Border Police (ITBP).