The Ministry of Shipping has prepared a draft of a proposed new Ports Act amalgamating the existing two statutes governing the sector into a single piece of legislation and may soon send the proposal to Cabinet for approval.
Category: Ports & Shipping
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Ennore, JNPT to raise Rs 10 bn tax-free bonds
Ennore Port and Jawaharlal Nehru Port Trust (JNPT) will raise Rs 1,000 crore each through the issue of tax-free bonds by March 2012.
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Revised DFR for Azhikkal port
Following the refusal of investors to participate in the tendering process, Kerala government has called for a revised detailed feasibility report (DFR) from the consultant, Deloitte India, for the development of Azhikkal port in Kannur district.
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Essar commissions Vadinar port expansion project
Essar Ports has commissioÂned 12 million tonne per annum capacity expansion project at its Vadinar terminal with a total investment of Rs 1,065 crore.
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JSPL plans captive port in Orissa
Jindal Steel & Power (JSPL) has evinced interest on setting up a captive port in Ganjam district of Orissa.
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India to award $3.8 bn worth port projects
India is set to award 23 contracts for port expansion worth $3.8 billion this fiscal year.
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East coast ports to import bulk of coal
PVK Mohan, Chairman, National Shipping Board, said the country's coal imports will shortly rise to 200 million tonne annually and the bulk of the imports will be through east coast ports.
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Vizag port coal-handling unit to go on stream by Q4
The Rs 675-crore mechanised coal-handling facility of Vedanta Resources at VisakhaÂpatnam port in Andhra Pradesh is all set to go on stream by the fourth quarter of 2011-12.
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AP to develop 4 new ports
Chief Minister N Kiran Kumar Reddy has asked the officials to speed up the process of developing four new ports.
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JSPL keen on Orissa port
Jindal Steel & Power has evinced interest in setting up a captive port in Ganjam district. It involves a capital cost of Rs 1,424 crore.