During 2012-13, profit of Adani Ports and Special Economic Zone rose 44 percent to Rs 1,608 crore from Rs 1,117 crore in the previous year. The sharp rise in profit is attributed to the 29 percent rise in coal handling by the port, the company said in a press release. The country's largest private port operator, which operates two ports at Mundra and Dahej, both in Gujarat, witnessed 40 percent rise in revenue to Rs 3,841 crore from
Author: admin (Infratructure Today)
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CCEA to consider Rs 845 cr Vizag Port project
The Cabinet Committee on Economic Affairs (CCEA) would decide on clearing the Rs 845 crore capacity enhancement project in Vishakhapatnam Port. The project involves upgradation of the existing facility and creation of an iron ore handling terminal. The terminal for handling iron ore would be set up on DBFOT (Design, Build, Finance, Operate and Transfer) basis in
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Investors await clarity on tariff policy of govt
Some section of the union shipping ministry feels that private investors are keenly awaiting the government's decision on tariff norms in the port sector before investing. Particularly, private players are awaiting government's decision on a proposal to transform the Tariff Authority of Major Ports (TAMP) from a regulatory body into an appellate body. TAMP regulates tariffs in cent
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Panel suggests CIWTC to deploy barges to Kolkata port
The Central Inland Water Corporation (CIWTC) must deploy its barges to Kolkata port for ferrying cargo from large ships, which cannot call at the port. This suggestion was reportedly made by the Rajya Sabha Standing Committee on Port and Shipping in its report. According to the committee, the port must follow the operation model of Shanghai port in China. The Chinese port,
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GPCB orders closure of Navlakhi Port
Gujarat Pollution Control Board (GPCB) asked Gujarat Maritime Board (GMB), which runs Navlakhi Port in the gulf of Kutch to stop operation in the port because of air pollution. Navlakhi is an all-weather lighterage working port located in Gulf of Kutch and about 50 km from Morbi in Rajkot district
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CPT plans dedicated terminal for coastal shipping
Paul Antony, Chairman of the Cochin Port Trust (CPT) informed that the port would allot a dedicated terminal for berthing coastal shipping vessels bringing domestic cargo. The terminal is dedicated to bulk and break bulk cargo and it would come up in the Mattancherry Wharf area where the draft is less than six metre. This follows the demand from firms operating coastal ships for a dedicated berthing area for their vessels in all majo
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Odisha govt rethinks leasing land for port project
Odisha government reportedly considers whether to postpone the handing over of land for the Rs 10,000-crore expansion of Dhamra port following reports of the promoters reducing their holding in the port venture. Earlier there were reports that Larsen and Toubro (L&T) and Tata Steel , which own 50 per cent each in Dhamra Port Co (DPCL), were planning to sell their entire stak
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Proposed port in AP to boost cargo volume from east coast
Industry chambers feel that the proposed Rs 8,000 crore major port in at Dugarajapatnam in Vakadu 'mandal' or block of Andhra Pradesh may boost export and import from the east coast and contribute to the economic progress of the state. It may be noted that the Cabinet Committee on Economic Affairs recently cleared the proposed port project, which is coming up on a 5,000 acre land in the stat
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Shares of Gujarat Pipavav Port change hands
Recently, a bunch of shares of ` Port changed hands in the Bombay Stock Exchange (BSE). On May 13, 2013, a bulk deal of 2.80 lakh shares of the firm was executed at Rs 47.50 per share. On the same day, another bulk deal of 11.62 lakh shares was struck, reports suggest. The small-cap company has an equity capital of Rs 483.44 crore. Face value per share is Rs 10
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Users expect overcapacity from proposed projects
Exporters and importers, who use major ports, wonder whether the setting up of two container terminals, one each in the Chennai Port and Ennore Port (EPL) would create overcapacity. It may be noted that EPL is in the process of setting up a container terminal in two phases. The first phase costing over Rs 1,270 crore will have a capacity to handSources from the district administration of Jagtsinghpur in Odisha informed that only 70 acre of land is left to be acquired for the proposed 8 mn tpa gr