The Visakhapatnam Port is to take up expansion and development works worth Rs 641 crore. The port is to take up as many as eight berths for capacity augmentation and modernisation through public-private partnership (PPP) operators. Visakhapatnam Port has awarded the project to dredge the outer harbour approach channel, outer turning circle; ore berth area, general cargo berth approaches, and construction of mooring dolphin at ore berth at an estimated cost of Rs 139.88 crore to International Sea
Tag: India
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Thermal coal imports via major ports up
The major ports in the country handled around 5.5 million tonne (mt) of imported thermal coal, which is up by 10 per cent on the year, while coking coal imports rose 21 per cent to 3.4 mt, says latest data by Indian ports Association (IPA). The 12 ports handled 47.8 mt of imported thermal coal during April-November, up 35.7 per cent from 35.2 mt from the same period a year ago.
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SEFC to raise Rs.200 cr
From private equity (PE) investors, Shriram Equipment Finance Company (SEFC) is mulling to raise about Rs 150-200 crore and rope in strategic investors.
SEFC is a subsidiary of Shriram Transport Finance Corporation, which has an asset base of about Rs 56,000 crore. The company expects to grow at a compounded annual rate of 15 per cent and require Rs 150-200 crore, the company said.
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Power System Development Fund approved
The government approved the proposal of the Ministry of Power for operationalisation of the Power System Development Fund (PSDF). This will be utilised for creating necessary transmission systems of strategic importance based on operational feedback by Load Dispatch Centers for relieving congestion in Inter-State Transmission Systems, according to Finance Minister P Chidambaram.
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CIL to earn Rs.2,119 cr more via price revision
On account of revision in dry fuel prices, Coal India (CIL) is likely to get an extra revenue of Rs 2,119 crore in this fiscal. CIL has revised and rationalised the basic notified prices of all the grades of non-coking coal except GI, G2 and G5. The estimated additional revenue due to revision of basic notified price for the current financial year is Rs 2,119 crore.
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Coal and Oil gets Rs.1,600 cr bank fund
To complete its 1,200 MW independent power plant (IPP), presently under construction in Tuticorin, Dubai-based Coal and Oil (C and O) Group has secured additional funding of approximately Rs 1,600 crore from Indian public sector banks including the State Bank of India. The power project, which is being developed at a cost of around Rs 6,800 crore is developed by Coastal Energen, the power generating flagship company of the Coal & Oil Group.
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Natural gas imports at 8.66 mmt
India imported 8.66 million metric tonne (mmt) of natural gas during April-November 2013 period of current fiscal at a cost of $4182.33 million. Also, India is pursuing Turkmenistan-Afghanistan-Pakistan-India (TAPI) pipeline project, to get natural gas supply from Turkmenistan via Afghanistan and Pakistan.
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Energy conservation awards
President Pranab Mukherjee handed over the prizes to several industrial units and other establishments for their innovative efforts in enhancing their energy performance. The awardees represented industries, thermal power stations, office buildings, hotels, hospitals, shopping malls, etc.
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Gujarat Gas in pact with GSPC
Gujarat Gas Co (GGCL) has executed a long-term gas supply contract with its parent Gujarat State Petroleum Corporation (GSPC) for the purchase of 0.65 million metric standard cubic metre per day (mmscmd) for next 12 years. Under the agreement, GSPC will supply imported re-gassified liquefied natural gas (R-LNG) to GGCL from 1 January 2014 up to 1 July 2025. The move is seen as a major relief for GGCL, as it will get assured gas supply for a long period.
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Bureaucratic reform is the answer
This Welcome to the year of the elections! In this issue, we have endeavoured to examine what the year holds for the infrastructure industry. There seems to be optimism in the air.
Recently, the industry unequivocally hailed Congress Vice President Rahul Gandhi´s speech at the Confederation of Indian Industry (CII) last month. Gripping, pointed and purposeful, Gandhi´s oratory skills looked transformed. Unlike most politicians´ and most industrialists´, his vision is a mix of short- and long-