To acquire a majority stake in Karaikal Port in Tamil Nau, Essar Ports and US private equity giant TPG Capital are in the fray to acquire a majority stake in
Karaikal Port. The port is a subsidiary of debt-ridden Chennai based Marg Group.
Tag: India
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Essar, TPG Capital in Race for Karaikal Port
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Major Ports Handle 184.53 mt Cargo
The government-owned 12 major ports in the country totally handled 47.38 million tonne cargo in the last July. In the month, the volume of iron ore and containers handled at these ports registered a decline.
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RITES Consultant to new AP Port Project
A subsidiary of Indian Railways, RITES has been appointed as the consultant for preparing the techno-economic feas¡bility report for the new major port at Dugarajapatnam in Andhra Pradesh with a three month time limit for submission of the report, said the Union Minister of Shipping GK Vasan
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Chennai Port Container Terminal
The Chennai Port Trust is to convert the Jawahar Dock (East) berth into a small container terminal to handle around 800,000 TEUs a year. The berth was used to handle coal till a few years back, but has been lying unused after coal handling was shifted to Ennore port
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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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Dighi Port to Set up Berths
Vijay Kalantri, Chairman and Managing Director of Dighi Port said that the port would set up the remaining three berths as part of the phase one of the project by December 2014. The green field port is being developed in Raigad district of Maharashtra.
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NMPT to build 4th berth
The New Mangalore Port has called a tender for a fourth berth. The port had added two additional berths in 2006 and 2011 and one more is under completion.
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Timor-Leste to Develop Port
The Government of Timor-Leste (GoTL) is seeking to develop Tibar Bay Port. It is planning to invite private sector participation to enter into a PPP arrangement for the project.
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India to import crude oil from Iran
India will import crude oil from Iran to counterbalance any supply disruptions arising from imminent strikes by the US on Syria. The country has ruled out any considerable impact on IndiaÂ’s crude oil import supply in the event of US strikes on Syria. Prices of oil in the global markets have been hiked with the reports of imminent US strikes on Syria.
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SPML Infra secures new orders worth Rs. 1802.10 crores
SPML Infra Ltd., India's leading infrastructure development company has won new orders worth Rs. 1802.10 Crores from South Bihar Power Distribution Company Ltd. (SBPDCL), Bihar and Public Health Engineering Department (PHED) of Rajasthan.