Krishnapatnam port, which is 25 km east of Nellore, Andhra Pradesh, handled 456 vessels until December 2012. The port handled 428 vessels and 15.41 million tonne of cargo in 2011-12 as against 417 vessels and 15.91 million tonnes in 2010-11. The port was inaugurated in July 2008 and is promoted by the Hyderabad-based CVR Group. The cont
Tag: expansion
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RINL mulls Rs 20 bn investment in FY14
Agency reports suggest that Rashtriya Ispat Nigam (RINL) would invest Rs 2,000 crore in 2013-14 if it secures a captive iron ore mine in Andhra Pradesh. If it fails to secure a captive mine in Andhra Pradesh, the corporate entity of Vizag Steel would invest Rs 1,200 crore on capital expenditure for 2013-14, agency reports quoted a top official of the firm as sayin
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Board clears master plan for Vizhinjam port project
The director board of Vizhinjam International Seaport approved the master plan for the proposed Vizhinjam port project. The project authority has reportedly sent a copy of the master plan to the International Finance Corporation, which is doing the Environment Impact Assessment (EIA) study for the project.
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DPCL may start Rs 100 bn expansion project in 2 years
Santosh K Mohapatra, Chief Executive Officer of Dhamra Port Company (DPCL) informed that the company may start second phase expansion of the port in two years. He said environment clearance for the project is in advanced stage. Once expansion for the second phase is begun, it would be completed
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IFC to submit report on Vizhinjam Port project
Agency reports indicate that the International Finance Corporation (IFC) would soon submit the environment impact assessment (EIA) report for the proposed Vizhinjam Port. Part of the World Bank Group, IFC is the largest global development institution focused exclusively on the private sector in developing countries
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Essar Ports awaits govt nod for expansion projects
Essar Ports is awaiting the approval of the Gujarat government and necessary clearances in order to go ahead with its proposed $1.8 billion expansion projects in two ports, Salaya and Hazira. The country's second-largest private sector port and terminal company signed a Memorandum of Understanding (MOU) with the Gujarat Maritime Board rece
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Essar Ports aims to handle 55 mn t cargo
Essar Ports aims to handle 55 million tonne (mn t) of cargo in 2012-13 compared to 40 mn t it had handled in the previous fiscal. It may be noted that the port recently commissioned a 16 mn t per year dry bulk terminal at Paradip Port for handling iron ore mainly for its group company Essar Steel and dry bulk cargo for third party cont
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ABG Shipyard mulls greenfield project in Gujarat
ABG Shipyard, which has one shipyard each at Surat and Dahej with a total area of approximately 620,000 sq m, proposes to set up a third one at an unknown location in three phases in Gujarat. The company sent a proposal for the same during the Vibrant Gujarat Global Investors Summit 2013. Besides, the firm also plans to expand its facilities at Dahej and Magdalla in three phases, with an estimat
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ONGC plans Rs 868 bn investment in 5 yrs
Sudhir Vasudeva, Chairman and Managing Director of state-run oil explorer informed that the firm plans to invest about Rs 86,862 crore on 44 mega projects during 2012-17. He also said that the planned capacity addition of the firm's Mangalore Refinery and Petrochemicals will come about in the present Plan period
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IISCO Steel to commission five packages
IISCO Steel Plant (ISP) expects to commission at least five packages, which are part of its ongoing Rs 16,000-crore modernisation and expansion project, between January and March 2013. Instead of waiting for the completion of the entire project, the firm plans to commission all the packages which are ready. It is learnt that the above five pack