IL&FS is planning to set up a captive port in the district of Cuddalore in Tamil Nadu. The port will be developed and run by Adani Port, say sources. Sources said Adani Group will construct and run the port. The port project cost is estimated to be around `300 crore.
Category: Ports & Shipping
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Govt ports set for rate wars
Five of the 12 ports owned by the Union government have recently won large rate hikes from the rate regulator, some in excess of 100 perf cent, after putting up with low rates for many years.
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Waterway nationalisation | Goa to meet stakeholders
The Goa government will soon start consultations with stakeholders over the nationalisation of inland waterways, a senior official has said. ĆĀ“The department of ports has called a meeting of all the stakeholders next week wherein the draft MoU (memorandum of understanding) on nationalisation of inland waterways would be discussed,ĆĀ“ said Captain of Ports James Braganza. During the recently held Assembly session, Goa Chief Minister Laxmikant Parsekar
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Major ports adopt solar technology
The drive for the deployment of solar energy in India has gained further momentum as the Ministry of Shipping has recently announced that it is planning to install 82.64 MW of utility-scale solar power plants at the countryĆĀ“s 12 major ports.
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Turnaround time in Indian major ports is a matter of concern
The current cargo handling capacity of Essar Ports is 150 MTPA. Essar Ports specialises in development and operations of ports and terminals for handling liquid, dry bulk, break bulk and general cargo.
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Govt to open automobile clusters near ports
Union Minister for Road Transport, Highways and Shipping, Nitin Gadkari has said that the government is planning to develop automobile clusters near port areas. He said that port-led development under the Sagarmala project is expected to attract Rs 12 lakh crore worth of investment.
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Vishakhapatnam Port poised for expansion
Vishakhapatnam Port is poised for major expansion, with the Minister for Shipping, Road Transport and Highways Nitin Gadkari inaugurating several projects during a recent visit to the port.
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Waterways infrastructure underutilised, says CAG
According to government watchdog Comptroller and Auditor General of India (CAG), infrastructure created at a cost of Rs 284 crore for three of the National Waterways has remained underutilised.
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Concor inaugurates port side container facility
Container Corporation of India has inaugurated port side container facility at Krishnapatnam Port. The company had earlier entered into a MoU with the Government of Andhra Pradesh to initiate three Multi-Modal Logistics Parks in Visakhapatnam, Krishnapatnam and Kakinada.
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Chennai Port takes up projects worth Rs.200 cr
The Chennai Port Trust has taken up six projects at a cost of over Rs.200 crore to strengthen its capacities and to brace up for competition from neighbouring ports.