A 20 per cent dividend has been declared by the Dredging Corporation of India (DCI) for 2012-13. The DCI registered 31 per cent growth in its operational income, which rose from Rs 485 crore to Rs 635 crore, DCI said in a press release.
Tag: Gangavaram
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Vizag port offers sops to customers to beat competition
Private ports in Andhra Pradesh are giving a tough competition to the government-owned major port, Visakhapatnam or Vizag port. Gangavaram and Krishnapatnam are the two private ports in the state's east coast and their competition has caused a fall in Vizag airport's iron ore exports in recent times. Visakhapatnam port is mainly dependent on bulk cargoes. However, Gangavaram port is grabbing a sizable chunk of cargo of Vizag port's business.
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Petronet to rope in contractors for LNG terminal project
In order to set up gas storage facilities, re-gasification plant and marine facilities for its proposed 5 million ton LNG terminal in Gangavaram, Petronet LNG will rope in contractors. In order to select contractors, the company invited bids from eligible entities. Some months ago, the board of the firm approved the plan to set up the LNG terminal, which would be the first
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Board of Petronet clears Rs 50 bn terminal project
Petronet LNG, which proposes to set up a five million tonne per annum LNG terminal at Gangavaram, Andhra Pradesh at a cost of about Rs 5,000 crore, received final approval from its board for the investment. The firm, which expects to complete the project by end-2016, has finished several pre-project activities and it is working towards short-listing of potential cont
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Petronet works on Rs 45 bn terminal project
Petronet LNG is working on a Rs 4,500 crore land-based LNG terminal project with facilities for receiving, storage and regasification of LNG at Gangavaram in Visakhapatnam district in collaboration with the Gangavaram port. However, the initiative faces some headwinds as the l
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G'varam to tie up funds by Aug
Gangavaram Port expects to achieve financial closure for its Rs 1,200-crore capacity expansion project by August-end this year.
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G'varam to tie up funds by Aug
Gangavaram Port expects to achieve financial closure for its Rs 1,200-crore capacity expansion project by August-end this year.
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Expertspeak: Yet privatisation has been successful
With ICTT, by bringing mainline vessel calls to Cochin, shippers—especially in south India who earlier had to tranship their cargo over to Colombo and other regional hubs—will now save on the additional feedering cost at the hub port.