To ensure security in the north Bay of Bengal region, the Indian Navy wants the authorities concerned to expedite the Sagar port project in the southern tip of West Bengal. Senior officers from the Navy recently visited Sagar. The Sagar port will be very crucial for the country's defences, the Navy officials said.
Author: admin (Infratructure Today)
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Fall of rupee results in piling up of imported coal at ports
Fall of rupee has resulted in the piling up of coal at Indian ports. Major Indian ports have more than 3.5 million tonne (mt) of coal stockpiles because importers are refusing to take deliveries as the rupeeĆās fall against the dollar has made the landed price of the imported coal unexpectedly high.
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Indian ports face dredging problems
Media reports say that Indian ports, including major ports, face dredging problems. Many? of ?IndiaĆās State-run ports are struggling to honour commitments given to private cargo handlers to deepen and maintain channels for ships to dock. It is not something port authorities can control. They have to rely on private dredgers to undertake the work and cannot be faulted if the contractors fail to perform.
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Kahlon given additional charge of Vizag port
RPS Kahlon, Chairman, Kolkata Port Trust, took additional charge as Chairman of the Visakhapatnam Port Trust from September 11.
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Shreyas Shipping Service links India’s east, west coasts
With the starting of a coastal container service, connectivity between major ports in the East and West coasts linking ICTT Vallarpadam has become a reality. Shreyas Shipping Service has introduced Pan India Express, a bi-weekly service, by deploying a 1700 teu vessel connecting all the major East Coast ports to ICTT.
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AP to get its 2nd major port, boost to its logistics biz
With the decks cleared for setting up of a second major port in Andhra Pradesh, the state is set to receive a significant boost for its logistics sector. Once the second major port in Prakasham district commissioned, the State will have two major ports, the other being the countryĆās premier Visakhapatnam Port.
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RBI to keep monetary policy tight till Rupee stabilises
Prime MinisterĆās key economic advisor C Rangarajan has on September 12 said that the Reserve Bank of India (RBI) must continue its tight monetary policy until stability in the rupee value is achieved. Thereafter, if the current trend in the moderation of wholesale price inflation continues, which is in fact expected, the monetary authorities can switch to a policy of easing, Rangarajan said while releasing the Economic Outlook for 2013-14 in Delhi.
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Bombardier wins major new order from Delhi Metro Rail Corporation
Rail technology leader Bombardier Transportation has won a major new order from Delhi Metro Rail Corporation (DMRC) to provide the first driverless unattended mass transit solution in India.
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Adani port sets a new record in coal handling in India
Goutam Adani promoted Mundra port has created a national record on coal cargo handling to 151,229 metric tonnes of steam coal in 24 hours from MV Cape Fushen, Large Cape Vessel, carrying steam coal of Indonesian steam coal of Adani Power Limited (APL).
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RBI expects fall in corporate investment
Corporate investments, which stood at Rs 263,400 crore in 2012-13, may fall in the current financial year, Reserve Bank of India (RBI) said in its monthly bulletin for September. The capital expenditure intentions of the companies in private and joint business sectors were captured in the repo