Minister of heavy Industries and Public Enterprises Praful Patel informed Lok Sabha that Central Public Sector Enterprises (CPSEs) have Rs 284,153.22 crore cash and bank balances at present. Further, it is learnt that 17 state-run firms, including, ONGC, OIL and NTPC, committed to invest over Rs 1.63 lakh crore during 2012-13
Author: admin (Infratructure Today)
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Rs 622 cr SPM project gets CCI nod
According to a government statement, the proposed Single Point Mooring (SPM) and allied facilities for import of crude oil at the Kandla port received clearance from the Cabinet Committee on Infrastructure (CCI). The Rs 621.53 crore project would increase its capacity by 12 million tonne per annum (mn tpa) to 104 mn tpa and it would be set up off Veera (outside Kandla creek) in Gulf of Kutch at
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MPT set to diversify cargo handling
The crisis in the mining sector in Goa and Karnataka affected cargo traffic at Mormugao Port Trust (MPT) and hence the port plans to diversify its cargo handling. In this regard, the port is said to have taken steps to change its profile from a mono-commodity port to a multi-commodity port
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ChPT officials seek policy for sailors
Officials of Chennai Port Trust (ChPT) asked Director General of Shipping, Gautam Chatterjee to devise some sort of policy for sailors in distress and a redress mechanism to help those stuck in stranded vessels. Since October 2012, over 55 sailors are stranded in two vessels Ć¢ā¬ā Pratibha Cauvery and Pratibha Warna Ć¢ā¬ā and their salaries have not been paid since July 2012
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Container lines plan hike in shipping rates
Media reports suggest that some of the container lines may raise freight rates in the Asia-Europe trade including ports in the Indian sub-continent. WeeklyInsight learns that some shipping firms also unveiled plans to hike rates from the Far East to North Europe from December. They include Hong KongĆ¢ā¬ā¢s Orient Overseas Container Line (OOCL), South KoreaĆ¢ā¬ā¢s leading flag Hanjin Shipping, ChinaĆ¢ā¬ā¢s Cosco and Emirates Shipping of
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Board clears port project in Ludhiana
At a recent meeting of the Project Approval Board of Punjab government cleared the proposal to set up a dry port near Kila Raipur in Ludhiana.The board, which is headed by Chief Minister Parkash Singh Badal, cleared the project as the proposed port may boost industrialisation, trade and commercial activity in Punjab.
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Federation seeks changes in tariff regulatory system
The All India Port and Dock WorkersĆ¢ā¬ā¢ Federation urged the government either to bring all ports including minor ports under the purview of Tariff Authority for Major Ports (TAMP) or permit major ports to work independently by scrapping the authority.SR Kulkarni, President of the federation pointed out that even though the handling charges are regulated by the TAMP, the minor ports do not fall under its
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KPT’s tender attracts strong response
It seems the tender floated by Kolkata Port Trust (KPT) for mechanized cargo handling at the berth no 2 and 8 of the Haldia Dock Complex is attracting strong response from firms. According to sources in the knowhow of the matter, nine companies participated in the recent pre-bid meeting held by the port trust for the tender
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ChPT to allow berthing of vessel on condition
Chennai Port Trust (ChPT) said it would allow the vessel MT Pratibha Cauvery to be berthed at the port provided the owners paid the requisite berthing charges and got the documents validated. The ship, which lost both of its anchors on October 31 owing to gusty winds caused by cyclone Nilam, is currently being held in outer anchorage by a tow
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Krishnapatnam Port setting up new berth
Krishnapatnam Port is constructing a roll-on roll-off berth in the south terminal in order to handle export of cars manufactured in Chennai and Bangalore regions. Anil Yendluri, Chief Executive Officer, Krishnapatnam Port informed that the port is expected to have the berth ready by the first quarter of 2013-14