Chennai Port Trust (ChPT) has introduced Berth Reservation Scheme (BRS) in order to attract break bulk cargo and dry bulk cargo and has also dedicated one of the berths for the scheme. Under the scheme, the port would offer priority berthing facilities for export-oriented vessels in Jawahar Dock
Author: admin (Infratructure Today)
Post
Post
Essar to spend Rs 100 bn on port projects in Gujarat
At the sixth edition of 'Vibrant Gujarat, Essar Group said it would invest an additional Rs 14,000 crore in the port sector and water supply projects in the state. The group is said to have already invested Rs 88,000 crore in the state. Of the proposed fresh outlay, the group plans to invest Rs 10,000 crore on developing ports in Hazir
Post
IWAI mulls 2 more jetties in Assam
Inland Waterways Authority of India (IWAI) plans to construct two additional jetties on Brahmaputra River at Dhubri and Hatsingimari, in Assam at a cost of atleast Rs 70 crore. The authority may ask Central Public Works Department (CPWD) to construct the jetties. However, it is not known whether proper technical feasibility report and
Post
Finance ministry hopes to attain disinvestment target
The union finance ministry hopes to meet the target of raising Rs 30,000 crore through the disinvestment of the government stake in public sector undertakings in 2012-13. But some financial market observers feel that the market may not have the capacity to absorb the huge avalanche of shares in such a short span. They point out that divestment in shares of Oil and Natural Gas Corporation (ONGC) last March had no takers and
Post
Govt to hold meet over GMR exiting Rs 7,500 cr project
To study the reasons for the exit of GMR from a National Highways project, a meeting of senior officials, including secretaries and joint secretaries will be convened, Union Minister of State for Road Transport and Highways Sarve Sathyanarayana said in Coimbatore on January 9 . GMR has exited from the Rs 7,500 crore project alleging delay in statutory approvals.
Post
TN implementing road infra projects worth Rs 10k cr
The Tamil Nadu State Highways Department is implementing road infrastructure improvement projects at a cost of Rs 10,000 crore, The State Minister for Highways and Minor Ports Department Edappady K Palaniswami, said in Coimbatore on January 7.
Post
India’s steel sector fastest growing in the world
The Union Minister of Steel, Beni Prasad Verma congratulated the Indian steel industry on being the number one in terms of growth rate in steel production amongst the top ten steel producing countries. During April - NovemberĆā12, the Indian steel industry achieved a growth rate of 5.36 percent which was the highest in the world
Post
Rangarajan expects inflation to ease to 6%
Prime MinisterĆās Economic Advisory Council Chairman C Rangarajan expressed hope that inflation would ease to six per cent by the end of the next financial year. Although the increase in fuel prices and train fares could prevent headline inflation from moderating in the near term, in the long-run he expects inflation to trend down
Post
Port to decide on bid for cargo berth contract
The board of trustees of VO Chidambaranar port would decide on the bid submitted by Transstroy (India)
to build a Rs 355 crore berth for loading 7.28 mn t of thermal coal and copper concentrates a year. Transstroy has reportedly quoted a revenue share price bid of 28 percent. Transstroy (India) is said to be having a technical tie-up with RussiaĆās Corporation Tran
Post
IIP grows -0.1% in November
The Index of Industrial Production (IIP), which measures output in mining, manufacturing and electricity sectors, contracted 0.1 per cent in November 2012 as against 6 per cent growth in November 2011. In October 2012, the index grew 8.3 per cent on the back of increase in output during festive season. The man