Securities and Exchange Board of India (SEBI) received a request from the Jawaharlal Nehru Port Trust (JNPT) to allow it to raise a maximum of Rs 2,000 crore through tax free bonds. The prospectus says the JNPT would garner up to Rs 500 crore with an
Category: Ports & Shipping
Post
Post
Major ports suffer `1 bn loss due to strike
Major ports in the country have reportedly lost Rs 100 crore owing to the two-day nationwide strike by labour unions recently. The port workers participated in the strike called by various central trade unions to protest the 'anti-people policies' of the
Post
Vizag Agriport awaits project
Vizag Agriport hopes to secure the Rs 217.58 crore fertiliser terminal mechanisation project from the Visakhapatnam Port Trust (VPT) by March. VPT signed a 30-year concession agreement with Vizag Agriport in May last year for mechanisation of East
Post
KoPT to shortlist bidders
Kolkata Port Trust (KoPT) is likely to shortlist the interested bidders for the Rs 1,500-crore, 1.2 million TEU container terminal project at Diamond Harbour on March 15.
It may be recalled that the port earlier extended the pre-bid application deadline to
Post
Cargo handling up at NMPT
Cargo handling at the New Mangalore Port Trust (NMPT) rose 12.93 per cent to 33.61 million tonne (mn t) during April-February of 2012-13 as against 29.76 mn t in the year-ago period.
Post
Essar port in Mozambique
The Essar Group is planning to set up a 10-million tonne (mn t) port in Mozambique, at a cost of $275 million (Rs 1,496 crore). This port will facilitate exports from Zimbabwe Iron and Steel Company (ZISCO), a Zimbabwe-based company it acquired in 2010.
Post
VOC Port setting up 2nd container terminal
VO Chidambaranar Port at Tuticorin is converting its eighth berth into a container terminal with a capacity to handle six lakh TEUs at a cost of Rs 312.23 crore.
Post
Karnataka govt seeks nod for 11 rail projects
In a letter to Railways Minister PK Bansal, Karnataka Chief Minister Jagadish Shettar requested approval for 11 new railway projects for the state. He informed the minister that the state government has already conveyed its willingness to provide land free of cost and share the cost of construction of the projects on a 50:50 basis. These projects include Tumkur-Kunigal-Maddur; Tiptur-Dudda; Gada
Post
USTDA asks Vizag port to avail its assistance
The US Trade Development Authority (USTDA) asked Visakhapatnam Port Trust to avail its development assistance for enhancing growth potential of the port. USTDA, which was hitherto focusing on the development of aviation sector in India, has taken up port development activities recently
Post
EPL to make Puducherry Port its extended arm
Ennore Port (EPL) is in the process of making the Puducherry Port its extended arm and in this regard, the former would conduct a feasibility study for carrying out various projects at the union territory port. Officials of both the ports are holding discussion in this regard and it is learnt that the talks are still in preliminary stages. EPL plans to commission a feasibility report for dredging, modernizing and constructing berths at Pudu