Gammon Infrastructure Projects (GIPL) hopes to commission its offshore container terminal port project at the Mumbai Port Trust (MbPT) by the end of next year, according to the company. The Rs 1,016-crore Indira Container Terminal (ICT) was to be completed this year. Though ICT is presently a 50:50 joint venture between GIPL and Spain's Dragados-SPL, GIPL is in the process of raising its stake to 74 per cent. According to the agreement between the two companies signed in early 2010, GIPL will buy the remaining 26 per cent from Dragados three years after the commercial operatiÂons begin. ICT will have a capacity of 1.2 million TEUs.
FlashNews:
15th Cement EXPO: A Step Forward in Cement Innovation
MOU signed between NBCC and Hindu College for development of “Centre for Advance Studies”
NBCC Signs MoU with Sahakari Awas Nirman Evam Vitt Nigam Ltd. for land development in Lucknow
REC Limited Commits ₹8.44Crore Under CSR to support 1MW solar photovoltaic power plant in the Gandhigram Rural Institute, Tamil Nadu
REC Commits ₹2.01 Cr Under CSR to Support Procurement of Health Equipments in Raipur, Chhattisgarh
RECPDCL Handovers Rajasthan IV 4A Power Transmission Limited, a Transmission Project Special Purpose Vehicle to Power Grid Corporation of India Limited
REC Limited Commits Rs. 2.92 Crore Under CSR to Enhance ITBP Medical Infrastructure
Global investors are eyeing India’s infrastructure sector
Infrastructure Experts to Debate Viksit Bharat at Infrastructure Today Conclave in Delhi
IIFCL Launches Strategic Document to Support Green Infra
REC Reports Record Half-Yearly Profit of ₹74.48 Billion
RAHSTA to submit policy recommendations to NHAI
Roads & Highways Builders book RAHSTA Expo
Are Projects facing a 90 percent barrier?
RAHSTA Forum sets the stage for groundbreaking discussions in roads infra
NBCC sells office/commercial space worth Rs. 14,800 Crore approx
RAHSTA Forum to kick off road and highway expo journey
Infrastructure Experts to Debate Viksit Bharat at Infrastructure Today Conclave in Delhi
Land Pooling Sinks under Flip Flops!
Home » Gammon Infra to start MbPT terminal by 2012-end
Gammon Infra to start MbPT terminal by 2012-end
Ports & Shipping
September 1, 2011September 1, 2011
Leave a Reply
You must be logged in to post a comment.