Union Shipping Ministry plans to create cargo handling capacity of 280 million tonne (mn t) at major ports in the country mainly through the public-private-partnership (PPP) mode during 2013-14. In 2012-13, the port awarded 32 port projects with a predictable investment of Rs 6,700 crore. Speaking at the 50th National Maritime Day celebrations, Union Shipping Minis
Tag: capacity
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Kakinada port to spend Rs 650 cr on dredging project
KV Rao, Chairman of Kakinada Deep Water Port informed a leading media that the port would spend Rs 650 crore over the next two years on dredging activity. The dredging activity is intended to increase depth of the entrance channel to 16 metre from the present 14 metre, reports suggest. The port authority expects to complete the dredging project by December 2014 after which the port
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Cargo handling at PPT rises 4.2%
Cargo volume handled by Paradip Port Trust (PPT) rose 4.24 per cent to 56.55 million tonne (mn t) during 2012-13 compared to 54.55 mn t in the earlier year. The port raised its cargo handling capacity to 102 mn t in 2012-13 from 80 mn t last year following commissioning of the single point mooring for handling 320,000 tonne capacity vessels
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Cement firms bet big on govt projects ahead of election
Some industry players and analysts feel that demand for cement may rise in the coming months as government expedite key construction projects ahead of Lok Sabha election. VP Sharma, Chief Operating Officer of Dalmia Cement said the oversupply situation still persists but since elections are next year, a slew of measures by the government may turn
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GAIL books liquefaction capacity from Dominion
GAIL Global (USA) LNG LLC, the American subsidiary of state-owned GAIL (India), entered into a terminal service agreement with US-based Dominion to book a 2.3 mmtpa liquefaction capacity in the Cove Point LNG liquefaction terminal project at Lusby, Maryland. According to this agreement, Dominion would allow GAIL to use its Cove Point pipeline infrastructure for liquef
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NMDC trims price of lumps for 5th time since Oct
Iron ore mining firm NMDC reduced price of higher grade iron ore (lumps) for the fifth time since last October. This time, the state-run miner cut the price of lumps (having iron content of 62 per cent or above) by about 7 per cent for April. However, the company has not changed the price of iron ore fines (lower grade) for the second month in succession
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Container terminal at Krishnapatnam port to be operational
The initial phase of a container terminal at the Krishnapatnam port is set to begin operation. The terminal is learnt to be able to handle 1.2 million TEUs in the first phase and after completion of the entire project, the terminal may handle 6 million TEUs. The port is said to have spent Rs 1,500 crore on the container terminal, which has five advanced gantry crane
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Finance Minister’s target said to be unrealistic
Industry watchers feel that the target for project implementation given by Finance Minister P Chidambaram to the shipping ministry for 2012-13 is unrealistic. The finance ministry gave a target of achieving a total investment of Rs 35,000 crore and a capacity addition of 244 million tonne during the year. The shipping ministry has managed to achieve 18 per cent of the targeted inves
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Port capacity may rise 114 mn t due to new projects
The total number of port projects awarded in 2012-13 may raise capacity of the country's ports by 114 million tonne (mn t) pa. The shipping ministry awarded in all 26 projects so far in 2012-13 and out of this 14 are Public Private Partnership (PPP) projects. The 14 PPP projects would bring in an additional capacity of 80 mn t per annum at an investment of Rs 5,600 crore
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Panel suggests merger of SAIL and RINL
In order to create a steel company of global scale and bring down costs of production, the Committee on Public Undertakings suggested the merger of state-owned steel giants Steel Authority of India (SAIL) and Rashtriya Ispat Nigam (RINL). In a recent report, the panel, which is a body of Lok Sabha members, asked the government to specify clearl