The Odisha Industrial Infrastructure Development Corporation (IDCO) has initiated the process to handover land identified for a coal terminal of Essar Steel at Paradip after getting green signal from the government.
Tag: coal terminal
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Adani’s Australian port firm to raise $1.2 bn to cut debt
To reduce its debt burden, Adani Abbot Point Terminal Pty Ltd, which owns a coal terminal in Australia, is planning to raise $1.2 billion through multiple debt instruments to refinance the port companyÂ’s borrowings. The port company, owned by Adani Group, has a debt of nearly $2 billion.
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Gangavaram to add 2nd Coal Terminal
To handle capsize vessels up to 200,000 DWT, Gangavaram Port will have an additional fully mechanised coal terminal. Adding of the coal terminal is part of the port's Rs 1,200 crore ongoing expansion.
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Gangavaram Port to add 2nd mechanised coal terminal
To handle capsize vessels up to 2,00,000 deadweight tonnage (DWT) Gangavaram Port will have an additional fully mechanised coal terminal. Adding of the coal terminal is part of the port's Rs 1,200 crore ongoing expansion. The expansion project, under which four berths are now at various stages of construction along with support infrastructure, will be ready in March 2014.
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Contract opportunities in PPT
Odisha-based Paradip Port Trust (PPT) plans to raise its cargo handling capacity from 80 million metric tonne to 143 million metric tonne by the year 2015 and to 252 million metric tonne by 2020 through a host of capacity expansion projects, the port said in its website. Towards this goal, the port plans to deepen channel and berths' to handle Cape size vessels (i.e. up to 1, 25,000 DWT size),
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Ports is a more attractive sector than several others to foreign investors
Rajiv Aggarwal, CEO, Essar Ports outlines the plans for investment to Shashidhar Nanjundaiah, after a hugely successful Q1 2013 when the company's profits grew a whopping 73 per cent.