The largest container port in India, JNPT, has achieved around 48 per cent of its targeted 4.7 million TEUs (twenty-foot equivalent unit of cargo capacity) during the first six months of the current fiscal. JNPT sources said that they are confident of achieving the target this fiscal.
Author: admin (Infratructure Today)
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Essar Ports successfully delists at Rs.133 per share
The Ruias-controlled Essar Ports Ltd will cease to exist as a publicly traded company as its promoters have successfully delisted the firm. JM Financial Institutional Ltd, manager to the delisting process, said that the delisting offer would be deemed to be successful. The delisting price was fixed at Rs.133 a share.
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AP looks to knock Gujarat off its perch
Seeking to oust Gujarat from the numero uno position in coastal traffic, the Andhra Pradesh Government is readying an ambitious plan for integrated port development.
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Cochin Shipyard to raise Rs.600-700 cr
Cochin Shipyard, which recently received Cabinet clearance for an initial public offering, is planning to raise Rs.600-700 crore to support the company´s Rs.2,500 crore investment in the ship repair facility and a new dry dock.
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Govt to do away with 13 old rules
In line with the government´s emphasis on simplifying procedures to promote ´ease of doing business´, the Shipping Ministry has decided to weed out thirteen archaic rules under Merchant Shipping Act
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India, Bangladesh sign SOP
India and Bangladesh signed Standard Operating Procedure (SOP) to operationalise the ´Agreement on Coastal Shipping´.
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Auto exports from major ports decline
Exports of cars from Indian major ports and particularly from Chennai and Kamarajar ports in Tamil Nadu declined during the April-September period, mirroring the negative growth reported by the manufacturing sector in the first six months of the financial year.
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Suggestions invited on Port Authority Bill
The Union Ministry of Shipping has invited suggestions from all stakeholders on the draft Major Port Authorities Bill 2015 and the draft has been uploaded on the ministry website with a request to stakeholders to send in their views.
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Mines Min propose scrapping export tax on iron pellets
The mines ministry has written to the finance ministry to propose scrapping a 5 per cent export duty on iron ore pellets, Mines Secretary Balvinder Kumar said, adding the government could also look at abolishing duty on low-grade iron ore.
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IR, Raj govt to form JV for infrastructure development: Prabhu
The Railways Ministry is looking at forming a joint venture with the Rajasthan Government for developing rail infrastructure in the state, Union Minister Suresh Prabhu said.