Adani Ports and Special Economic Zone Ltd (APSEZ) has said that its board has approved raising $500 million (over Rs 3,400 crore) by issuing foreign currency denominated bonds.
Category: Ports & Shipping
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Centre moves towards corporatisation of Major Ports
The Major Port Authorities Bill, which seeks to provide significant operational autonomy to the Major Ports, will allow the 12 state-run entities to work like a corporate with full flexibility, says a research report.
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JSW forays into port operations in UAE
JSW Infrastructure (JSWIL) signed an agreement with Port of Fujairah for management of mechanised bulk cargo handling terminals on November 8, 2016. This is first foreign venture by JSW Infrastructure.
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Forum urges AP to develop Ramayapatnam port
The Prakasam District Development Forum has urged AP Chief Minister N Chandrababu Naidu to urge the Centre to take up the second major Central project in Ramayapatnam without any delay.
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Gadkari inaugurates Sagarmala Development Company
Shipping, Road Transport and Highways Minister Nitin Gadkari has said that the Sagarmala project will fetch nearly Rs 12-15-lakh crore of capital investments.
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Trade unions want level playing field
Prominent national level leaders of dock worker unions have intensified the pitch for removal of´regulator raj´ to ensure a level-playing field to compete with the non-major ports.
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Paradip Port to have 51percent stake in Rs.5,849 crore rail corridor..
Paradip Port Trust (PPT) will have a 51 per cent stake in the heavy haul rail corridor proposed by Indian Port Rail Corporation Ltd (IPRCL). The corridor would connect Salegaon (Maharashtra) with Paradip port.
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Gadkari inaugurates Sagarmala Development Company, identifies projects worth Rs 8 lakh crore
Shipping, Road Transport and Highways Minister Nitin Gadkari has said that the Sagarmala project will fetch nearly Rs 12-15-lakh crore of capital investments. He estimated that the port-led development plan would generate direct and indirect employment for around two crore people and provide a huge fillip to the countryÂ’s economic growth
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We are constrained by our limited dredging capacity
The Inland Waterways Authority of India (IWAI) was set up in 1986. Since then till 2008, only five waterways could be declared as National Waterways. Work could be started on only three of them: National Waterway or NW-1 that is the Ganga National Waterway, NW-2 that is the Brahmaputra Waterway and NW-3 comprising the backwaters of Kerala.
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Shipshape Strategy
The Centre is preparing a multimodal transport hub plan to integrate roads, railways, air and water ports.