IDFC saw its fourth quarter consolidated net profit drop 51 per cent as income remained largely flat and expenses almost doubled. In the January-March period, the infrastructure finance company posted a net profit of Rs 258 crore against Rs 526 crore,
Author: admin (Infratructure Today)
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MoS to launch new port projects worth Rs 13,700 cr
The Ministry of Shipping (MoS) has drawn up another ambitious aim to award over 35 ventures worth over Rs 13,700 crore and plans to add about 259 million tonne (mt) capacity this year.
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Thermal coal cargo throughput at major ports up
The country's major ports saw 22 per cent jump in imported thermal coal cargo at 71.60 million tonne (mt) in 2013. Handling of coking coal, which is used mainly for steel-making, witnessed an 18.26 per cent increase
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PPT sets new record
The Paradip Port Trust (PPT) set a new record in crude oil cargo discharging. MT Spartan Warrior, a crude oil tanker, discharged 1.96 lakh metric tonne of crude oil at the Single Point Mooring (SPM)-2 in less than 24 hours surpassing the previous record of
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Jebel Ali wins Port of the Year award
The world-class services and facilities of DP World's flagship Jebel Ali Port have once again been recognised at the annual Supply Chain and Transport Awards (SCATA) 2014. For the sixth year, the 'Shipping Port of the Year' has been awarded to Jebel Ali Port.
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Cargo traffic at major ports up
Cargo traffic at 12 major ports recorded a marginal rise of 1.78 per cent at 555.5 million tonne (mt) during 2013-14. The cargo handled by these ports stood at 545.79 mt in 2012-13.
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Lanco withdraws from Australia port project
Lanco Infratech Ltd is scaling down its proposed coal mining-cum-infrastructure project in Australia. The proposal for the development of Lanco Resources Australia Pty Ltd's Bunbury Port Berth 14 at the Bunbury Port Inner Harbour was withdrawn.
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CSL appoints new finance director
D Paul Ranjan has assumed charge as Director (Finance) of Cochin Shipyard Ltd (CSL) from 1 May 2014. A Chartered Accountant by profession, Paul Ranjan joined the company as executive trainee in 1984.
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Exporters to enjoy 50 per cent freight subsidy
Exporters are likely to enjoy a subsidy of up to 50 per cent on total freight charges paid on shipment of merchandise through ports outside Odisha. The draft export policy says the state government will reimburse up to 50 per cent of the cost
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SR freight traffic goes up
Southern Railway (SR) freight loading has for the first time crossed the 40-million tonne (mt) mark. Rakesh Misra, General Manager, Southern Railway, said that during 2013-14, the zonal railway had recorded its best-ever loading of 42.403 million tonne of freight.