The Union Cabinet has cleÂared the proposal for infusion of Rs 18,500 crore in the Delhi Mumbai Industrial Corridor Development Corporation (DMICDC). The 1,483-km project running through seven states will come up along the proposed Delhi-Mumbai dedicated rail freight corridor.
Category: Ports & Shipping
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Kochi liquid terminal
The Kochi port has shortlisted five companies for setting up the proposed Rs 200 crore multi-user liquid terminal (international bunkering services terminal). The project will be set up on a BOT basis for a period of 30 years.
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Krishnapatnam wins global recognition
Krishnapatnam Port located in the east coast of India has been adjudged the winner in the category of Port Operator Award at the Lloyd's List Awards, Global 2011, which was held recently in London.
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CSL mulls second shipyard
Cochin Shipyard (CSL) may have all factors going for launching a second ship-building facility in Kerala at Vizhinjam. This was alluded to by K Mohandas, Secretary, Union Ministry of Shipping, during his keynote address at the dedication ceremony of the CSL bollard pull test facility at Vizhinjam.
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PAI to invest in Hazira Port
Belgium's Port of Antwerp aims to pick a stake in Essar Group's Hazira Port. It is believed that Port of Antwerp International (PAI) is working with reserves of 25 million and it has already acquired stakes in port projects in Oman and Congo.The move is in keeping with the Belgian company's expansion plans firmed up last year, when it evaluated 20 projects and zeroed in on a few of them to expand its presence out of Europe through equity participation
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PSA-ABG consortium wins bid for JNPT terminal
The Board of trustees of the Jawaharlal Nehru Port Trust (JNPT) decided to award the contract for its fourth container terminal to the consortium of Singapore's PSA and the ABG group in India
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Karaikal Port bags Rs 2bn PE investment
The Bangalore headquartered private equity (PE) firm Ascent Capital has decided to invest Rs 2 billion in MARG Karaikal Port. The funds will be used for the MARG Karaikal Port Phase 2A expansion plans which will enhance the port's capacity from the already plaÂnned expansion of 21 mmtpa to 28 mmtpa and involves an additional capex of Rs 6 billion.
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VOC Port's e-sail initiative
The VOC Port has selected Chennai based L&T Infotech for implementation of a Rs 19.75 crore web-enabled integrated electronic port information system.
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Rs 1.5 tn facelift for ports
The Ministry of Shipping has drawn out an investment plan of Rs 155,455 crore for modernisation and expansion of ports during the 12th Five Year Plan.
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Global bids for Kochi ship repair yard
Having failed to rope in its neighbouring public sector shipyard, the Cochin Port Trust has decided to go in for a global tender to choose a partner for its proposed ship repair yard.