According to a draft prospectus filed by Ennore Port with market regulator Sebi, the port plans to raise upto Rs 5,000 million through issue of tax-free bonds with an option to retain over subscription upto Rs 5,000 million aggregating to Rs 10,000 million. The port, which is the only one among the 13 major ports controlled by the central government that is run as a com
Category: Ports & Shipping
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Cargo handling at Mundra rises over 20%
The cargo handling at Mundra Port is rising over 20 percent per annum and the port is set to exceed the cargo volume of Kandla Port, reports suggest. Mundra Port, which first began operations as a captive jetty in the Gulf of Kutch in 1994, handled 59 million tonne per annum (mn tpa) of cargo during Apr-Dec
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Cargo handling at Mundra rises over 20%
The cargo handling at Mundra Port is rising over 20 percent per annum and the port is set to exceed the cargo volume of Kandla Port, reports suggest. Mundra Port, which first began operations as a captive jetty in the Gulf of Kutch in 1994, handled 59 million tonne per annum (mn tpa) of cargo during Apr-Dec
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Tuticorin port setting up 4 berths
In order to handle more quantity of cargoes like coal, copper concentrates, rock phosphate, the VO Chidambaranar Port at Tuticorin decided to set up four cargo berths. S Natarajan, Chairman of the port said construction of the north cargo berth (NCB)-II is in progress and it would be c
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Tuticorin port setting up 4 berths
In order to handle more quantity of cargoes like coal, copper concentrates, rock phosphate, the VO Chidambaranar Port at Tuticorin decided to set up four cargo berths. S Natarajan, Chairman of the port said construction of the north cargo berth (NCB)-II is in progress and it would be c
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Railways hopes to attain investment target in port connectivity projects
Media reports suggest that the Indian Railways is confident of attracting the targeted investment in port connectivity projects during the next five years. The railways set a target of around Rs 5,000 crore investment in port connectivity over the next five years. To begin with, they expect investment worth Rs 3,800 crore
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Railways hopes to attain investment target in port connectivity projects
Media reports suggest that the Indian Railways is confident of attracting the targeted investment in port connectivity projects during the next five years. The railways set a target of around Rs 5,000 crore investment in port connectivity over the next five years. To begin with, they expect investment worth Rs 3,800 crore
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JNPCT set to handle more containers in FY13 than last year
Reports suggest that the Jawaharlal Nehru Port Container Terminal (JNPCT) is set to achieve higher throughput of container cargo in 2012-13 compared to last year. So far in 2012-13, the terminal handled over 1-million Twenty Foot Equivalent Unit (TEU) of throughput. In anot
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Railways to attract Rs 50 bn pvt capital for port linking project
In the next five years, Indian Railways plans to improve rail connectivity to ports across the country by attracting private investment of around Rs 5,000 crore. The plan is expected to address bottlenecks in rail linkage to key ports in the country. In this regard, the railw
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Net profit of Great Eastern rises on forex gains
The consolidated net profit of Great Eastern Shipping more than doubled to Rs 192 crore during October-December 2012 from Rs 87.46 crore in the year-ago period. The company cited forex gains and decline in interest costs as major reasons for the rise in net profit