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Opportunities on the horizon

Opportunities on the horizon

India plans to more than double its port capacity to 3,200 million tonne at an investment of Rs 2.87 trillion by 2020, drivin the demand for more port handling equipment. Sudheer Vathiyath trains through the prevailing trends in port equipment market.

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Shipping Ministry to seek VGF

Shipping Ministry to seek VGF

The Shipping Ministry will seek support from the Finance Ministry for covering the funding gap for two major ports proposed in West Bengal and Andhra Pradesh. A Cabinet note on the subject is being prepared, he said. The government has finalised Sagar and Dugarajapatnam as the two sites for setting up of the ports.

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AP to focus on non-hub airports

AP to focus on non-hub airports

The Andhra Pradesh civil aviation policy will focus on developing non-hub airports in the region. The aims is to build new investment regions and give a fillip to tourism sector. Addressing the gathering at the inaugural event of the five-day India Aviation 2014 at Hyderabad recently, Andhra Pradesh Governor ESL Narasimhan has said that the state boasts of the country's first aerospace SEZ located within 15-km of the Rajiv Gandhi International Airport at Shamshabad.

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IVRCL bags orders worth over Rs.2,600 crore

IVRCL bags orders worth over Rs.2,600 crore

VRCL has bagged orders worth Rs 2,633 crore in Karnataka and Andhra Pradesh. The company´s irrigation division has secured orders worth Rs 2,492 crore while the water division´s orders stood at Rs 140.85 crore, according to the company. The Andhra Pradesh government has awarded works under the Chittor District Water Supply Programme Phase-I to its water division. All the works will have to be executed between 18-36 months.

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JSPL acquires Kineta Power

JSPL acquires Kineta Power

Jindal Steel and Power (JSPL) has acquired 100 per cent stake in Kineta Power, a 1,980 MW privately-owned coal-based power plant in Nellore district of Andhra Pradesh. The deal would be executed in phases and the project cost would be around Rs 10,000 crore. JSPL has plans to run the plant on imported coal from its mines in Indonesia and would blend it with the thermal coal produced at its mines in Mozambique.