The one thing, which is commonly heard in the corridors of the financial world, is the looming concern as regards the huge NPA that banks are currently saddled with. Long drawn processes pertaining to insolvency has taken a toll on the credit realization in the country.
Author: admin (Infratructure Today)
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Centre to float tenders for Colachel port
The Shipping Ministry will issue tenders by March for the appointment of a consultant for the proposed trans-shipment port of Colachel. Union Transport Minister Nitin Gadkari said Colachel in Tamil Nadu, Sagar in West Bengal and Wadhawan at Dahanu in Maharashtra will be the three new greenfield ports
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JSW eyes port asset acquisitions
JSW Group is looking for port assets as part of a strategy to expand ports capacity, its CFO Seshagiri Rao said. ´
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Green nod for FSRU at Kakinada port
The ministry of environment, forests and climate change (MoEF) has given environmental and coastal regulation zone (CRZ) clearance to AP Gas Distribution Corporation Limited for developing Floating Storage Re-gasification Unit (FSRU) based LNG terminal at Kakinada deep water port.
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Cargo traffic up 3.36%: Official
Buoyed by pick up in demand, India´s 12 major ports saw cargo traffic increase by 3.36 per cent to 499.23 mt in the first 10 months of the current fiscal. These top ports handled 483.01 mt cargo during April-Jan of the last fiscal.
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Cochin Shipyard to build 4 catamarans: Gadkari
All set for its maiden foray into catamaran manufacturing, Cochin Shipyard will build four such popular vessels, used for cruising and other purposes. This is for the Andaman and Nicobar Islands, Union Minister Nitin Gadkari said.
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Rs.50,000-cr port projects in pipeline
The Shipping Ministry is overseeing 33 projects worth Rs.32,000 crore, while 45 projects with an investment of around Rs.18,414 crore are under operation, Parliament was informed in late February.
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ABG Shipyard may get strategic investor end March
Debt-laden ABG Shipyard which has been scouting for a strategic investor for quite sometime now is likely to get one by the end of current fiscal. ´We need an investor for our existing projects which has a working capital requirement of Rs.500-700 crore,´
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No deals in shipping, ports for two years
Private equity firms have stayed away from investing in shipping, ports and logistics for two years in a row. ´PEs have stopped coming into the sector and there is no easy money for the shipping business,´ G Shivakumar, CFO, Great Eastern Shipping, said in the third quarter earnings conference call.
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Regulatory framework for Mining, construction?
The government may soon come out with a separate transparent regulatory framework for construction, mining and earthmoving equipment sectors, according to media reports.