Essar Ports will invest up to $25 million (about Rs 150 crore) in a joint venture, which plans to develop a coal terminal at the Beira port in Mozambique. The investment will be made for developing the terminal with 10 million tonne (mt) a year capacity and also to provide a corporate guarantee of up to $10 million on behalf of the joint venture. The New Coal Terminal Beira (NCTB) is a joint venture between Essar Ports (70 per cent stake) and the port and rail authority of Mozambique.
FlashNews:
KEC International Secures First Data Centre Line Order in âđ1.18 Billion Wins
Railway Minister Vaishnaw Unveils Eight New Freight Reforms
REC, CPRI Partner to Boost Quality Assurance under RDSS
HPCL Strengthens Ethanol Quality Checks with 3,651 Surprise Inspections
Indiaâs Drone Challenge 2.0 Empowers Students to Build Smarter Drones on Indigenous Chips
GIFT City Units Freed from Coastal Shipping Licence, Boosting Indiaâs Maritime Finance Hub
REC Commits âđ150 Billion to Power and Renewable Push in Tripura
As Indiaâs GCCs Shift from Cost to Capability Leadership, Sitharaman Charts Next Decade of Growth
DFCCIL Advances East-West Freight Corridor with Stakeholder Push on Financing and Construction
GMR Charts MultiâPhase Roadmap to Transform Nagpur Airport into Indiaâs Heartland Hub
Kamarajar Port Joins Visakhapatnam as Indiaâs Second 18âMetre DeepâDraft Port
El NiÃąo Cuts 13 aGW Hydropower Across Asia, Forcing Coal and LNG Reliance
CUMI Named Armour Partner for DRDOâs Indigenous Vikram VT21 Combat Vehicles
CleanMax Achieves Record 530 MW Commissioning in Q1 FY2027, Expands Portfolio to 4.2 GW
POWERGRID Secures Landmark ÂĨ80 Billion JBIC Green Loan for Clean Energy Push
Vikram Solar Rolls Out First Module at Tamil Nadu MegaâFacility
AIâDriven Governance for Capital Projects
India Needs a Comprehensive Approach to Data Sovereignty and Resilience: AS Kiran Kumar
Why Indiaâs Logistics Costs Will Not Fall Through Infrastructure Alone
Home » Essar Ports to invest in Mozambique
Essar Ports to invest in Mozambique
Coal & Mining
April 1, 2014April 1, 2014
Leave a Reply
You must be logged in to post a comment.