A 50-year-old land dispute between Odisha government and Paradip Port Trust has been resolved with the government agreeing to alienate nearly 6285.58 acres in favour of the port and retain only 597 acres in four revenue villages within the port limits. Though the state government had handed over the port to the central government in 1965, the formal land transfer could not be effected on technical grounds.
Author: admin (Infratructure Today)
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Port development: Financial support to be sought from Centre
Financial support would be sought from the Union government to develop all ports, Karnataka State Minister for Ports Baburao Chinchanasur said. A
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Kolkata gets Major Port of the Year Award
The Kolkata Port has been adjudged ´Major Port of the Year´ for the year 2014-15 among the 12 major ports in India at the Gateway Award 2015 ceremony. The port received this award for increased cargo volumes, optimising capacity utilisation, growth in output per berth and customer satisfaction.
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L&T exits Kachchigarh port on environmental concerns
Larsen & Toubro has exited the project to develop a port at Kachchigarh in the state of Gujarat citing environmental concerns, the company informed the bourses.
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Stevedores oppose new policy
The announcement by the Centre to introduce a new stevedoring policy in all government-owned ports to allot permits to stevedores and shore handling agents through bids on revenue sharing basis for cargo handling operations has kicked up a ontroversy.
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State goes to PMO on price of port land for Navi Mumbai link
The state government has knocked the doors of the Prime Minister´s Office to find a solution to the charges levied by Mumbai Port Trust (MbPT) and Jawaharlal Nehru Port Trust (JNPT) for the Mumbai Trans Harbour Link.
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License fee for services increased
The government has revised the rates for various services extended at the minor and intermediate ports in the state of Andhra Pradesh.
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PGCIL Q1 net profit rises 20% at Rs.1,367 cr
Transmission utility Power Grid Corporation of India posted a net profit of Rs 1,367 crore for the first quarter this financial year, an increase of 20 per cent compared with Rs 1,137 crore reported in the year-ago period.
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Siemens Q3 net rises 13-fold to Rs.168 cr
Automation and solutions provider Siemens´ net beat expectations, rising 13-fold to Rs 168.26 crore for the third quarter of FY2015, compared to Rs 13 crore in the year-ago period. The company´s sales growth was muted at Rs 2,322.01 crore compared to Rs 2,318.74 crore. provider Siemens´ net beat expectations, rising 13-fold to Rs 168.26 crore for the third quarter of FY2015, compared to Rs 13 crore in the year-ago period. The company´s sales growth was muted at Rs 2,322.01 crore compared to Rs
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ABB Q1 net up 19% to Rs.57 cr
ABB India Ltd has posted a rise in net profit by 18.75 per cent to Rs 57.45 crore for its second quarter ending June. The Indian unit of the Swedish power equipment firm said revenue grew 6 per cent during the quarter to Rs 1,932.64 crore.