To expand its presence in the country's east coast, India's biggest port operator Adani Ports is said to have clinched a deal to acquire Dhamra Port, an equal joint venture between Tatas and L&T. The deal is stated to be around Rs 5,000 crore. Sources concerned said that the deal has almost completed as the talks between Adanis and Tata Steel and Larsen & Toubro have reached to the stage of signing it formally.
Category: Ports & Shipping
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Krishnapatnam Port holds talks with PEs to offload stake
Media reports indicate that Krishnapatnam Port Company is holding discussion with some private equity funds to offload 6 percent stake and thereby mop up Rs 1,200 cr. The company wants to raise capital in order to expand the capacity of the port to 75 mn tonne from the current 50 mn tonne. It has plans to ramp up capacities to 100
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Pipavav Shipyard begins construction of naval ship for Indian Navy
Nikhil Gandhi promoted Pipavav Shipyard, major private shipbuilding and offshore infrastructure company begins construction of defence naval ship for Indian Navy. This is the first time any private shipyard received a contract to build such naval ship for Indian Navy.
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Govt plans various projects in port sector during 12th plan
The capacity of all Major Ports as on March 31, 2013 was 744.91 million metric tonne (mn t) against the traffic of 545.79 mn t handled in 2012-13. This information was given by the Minister of Shipping GK Vasan in a written reply in the Lok Sabha. The capacity utilization is around 72 percent. As per the internationally accepted norms the gap between the Traff
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JNPT to rope in experienced player for terminal project
In order to develop the fourth container terminal in Jawaharlal Nehru Port Trust (JNPT) at Navi Mumbai, the port authority plans to hire only experienced and financially sound contractor. The port authority is adhering to the Planning Commission guidelines in this regard. The port authority does not want to select frivolous parties, said NN Kumar, deputy Chairman. The last d
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Minister clarifies on 2 major port projects
The government has decided to set up two new major ports Ăâ one each at Sagar in West Bengal and the other at Dugarajapatnam in Andhra Pradesh. This information was given by Minister of Shipping GK Vasan in a written reply in the Lok Sabha. In respect of the Sagar Port, RITES has estimated capital cost (including connectivity project) at Rs 7,820 crore. The tentative cost for Dugarajapatnam has been estim
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Two major ports likely to come up at Sagar and Dugarajapatnam
Two new major ports are likely to come up at Sagar in West Bengal and at Dugarajapatnam in Andhra Pradesh. RITES has estimated capital requirement, including connectivity project cost at Rs 78.2 bn for Sagar Port.
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Vizag Port awaits court order to sign agreement with Essar
Essar Ports, through its wholly-owned subsidiary Vadinar Oil Terminal Ltd, has emerged as the highest bidder for mechanisation and operation of three iron ore berths with a combined capacity of 23 MMTPA (million tonnes per annum) at Visakhapatnam Port on BOT basis for a concession period of 30 years.
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Market linked tariff fixation likely to make port projects more attractive
The announcement of market linked tariff fixation by Shipping Ministry is likely to expedite the bidding process for various public private partnership projects at various major ports in India. Private operators have been waiting for the new tariff guidelines and are eager to place their bids for projects including container terminals at Chennai, JNPT and bulk terminals at Kandla, Goa and Vizag Port.
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Mormugao Port takes steps to attract diversified cargoes
Mormugao Port Trust is taking steps to attract cargoes other than iron ore in order to ramp up its revenue, which took a hit following the decline in iron ore export. Over 80 per cent of the total traffic at the port consisted of iron ore export cargo till the mining ban in Goa affected shipment of the raw material