Budget allocation of Rs 600 crore for projects under Sagarmala, Rs 322.6 crore for the development of ports and Rs 508 crore for grants to the Inland Water Transport Authority of India.
Tag: Essar Ports
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Adani Ports to develop phase-III of Mundra Port for Rs 6,000 crore
Adani Ports and SEZ Ltd will invest Rs 6,000 crore for the development of the third phase of Mundra Port.
The upcoming capacity expansion of Mundra Port, touted as one of the top multi-purpose ports in the country in terms of traffic, would lead to employment generation for 600 people, sources said.
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Turnaround time in Indian major ports is a matter of concern
The current cargo handling capacity of Essar Ports is 150 MTPA. Essar Ports specialises in development and operations of ports and terminals for handling liquid, dry bulk, break bulk and general cargo.
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Essar Ports receives approval from GMB
Essar Ports said it has received approval from Gujarat Maritime Board (GMB) to handle 15 million tonne of merchant cargo over three years and the companyĂ´s
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Essar Ports successfully delists at Rs.133 per share
The Ruias-controlled Essar Ports Ltd will cease to exist as a publicly traded company as its promoters have successfully delisted the firm. JM Financial Institutional Ltd, manager to the delisting process, said that the delisting offer would be deemed to be successful. The delisting price was fixed at Rs.133 a share.
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shareholdersĂ´ nod FOR essar ports
Private sector port operator Essar Ports (EPL) said shareholders have approved its proposal to raise up to $1 billion through securities, from domestic and international markets to fund expansion plans. One of the countryĂ´s largest port operators, EPL plans to increase its cargo handling capacity from 104 million tonne per annum (mtpa), at present, to 194 mtpa.
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Essar Ports plans Rs.3,000 crore new investments
Essar Ports has sought relaxed loan terms from bankers even as it plans Rs 3,000 crore (including Rs 2,000 crore debt) new investments on three key Port projects
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Green clearance for Vizhinjam project tender
The Southern bench of the National Green Tribunal has allowed the Kerala Government to go ahead with tenders for the Vizhinjam international seaport and container terminal project.
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Essar Ports to invest in Mozambique
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.
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Seven firms qualify for Rs 8,000-cr JNPT terminal bid
In bidding for the Rs 8,000-crore fourth container terminal at Jawaharlal Nehru Port Trust, the Essar Ports has failed to qualify as it fell short of the value of work done in the past to meet the criteria. Sources said that Essar Ports has not been qualified for the terminal project as per the Central Vigilance Commission set guidelines.