Vishakhapatnam Port is poised for major expansion, with the Minister for Shipping, Road Transport and Highways Nitin Gadkari inaugurating several projects during a recent visit to the port.
Author: admin (Infratructure Today)
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Antwerp Port to help develop AP ports
Belgium´s Antwerp Port Authority, which operates the largest port in Europe after Rotterdam, has offered its expertise to explore trade through ports in the east coast of India to Europe and assist in the development of greenfield ports in Andhra Pradesh.
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Adani to set up IL&FS captive port in Tamil Nadu
IL&FS is planning to set up a captive port in the district of Cuddalore in Tamil Nadu. The port will be developed and run by Adani Port, say sources. Sources said Adani Group will construct and run the port. The port project cost is estimated to be around `300 crore.
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Govt ports set for rate wars
Five of the 12 ports owned by the Union government have recently won large rate hikes from the rate regulator, some in excess of 100 perf cent, after putting up with low rates for many years.
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Waterway nationalisation | Goa to meet stakeholders
The Goa government will soon start consultations with stakeholders over the nationalisation of inland waterways, a senior official has said. ´The department of ports has called a meeting of all the stakeholders next week wherein the draft MoU (memorandum of understanding) on nationalisation of inland waterways would be discussed,´ said Captain of Ports James Braganza. During the recently held Assembly session, Goa Chief Minister Laxmikant Parsekar
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Major ports adopt solar technology
The drive for the deployment of solar energy in India has gained further momentum as the Ministry of Shipping has recently announced that it is planning to install 82.64 MW of utility-scale solar power plants at the country´s 12 major ports.
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PGCIL may raise Rs.4,000 cr through bonds by September
Power Grid Corporation India (PGCIL) plans to raise up to Rs.4,000 crore in its third round of fund raising through domestic bonds by September to meet its working capital expenditure.
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RB Infra plans to raise Rs.6,000 crore through InvITs
In what could be the first fund-raising exercise through Infrastructure Investment Trusts (InvITs), toll road builder IRB Infrastructure Developers is planning to raise Rs.5,000-6,000 crore and is expected to file the draft red herring prospectus (DRHP) within a month.
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UPSIDC plans to raise Rs.1,500 cr
Faced with creaking infrastructure in its industrial enclaves across the state, Uttar Pradesh State Industrial Development Corporation (UPSIDC) is mulling to raise funds from external agencies, including the World Bank.
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KG-D6 | RIL hit by $380 mn additional penalty
The government has slapped an additional penalty of $380 million on Reliance Industries and its partners for producing less than targeted natural gas from the eastern offshore KG-D6 fields.