Shreyas Shipping and Logistics Ltd would launch two new services from August 15 in order to connect Mundra-JNPT-Hazira and Kolkata-Vizag-Chennai-Kochi sectors. With this, the Mumbai-based shipping firm would become the first company to link all key ports of India for containerised trade. Shreyas now has five vessels pro
Tag: infrastructure
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Govt to promote affordable housing via novel scheme
Union Minister of Housing and Urban Poverty Alleviation Girija Vyas informed that the government would soon launch the Revised Affordable Housing in Partnership (AHP) scheme. The minister said this while addressing the REALTY 2013, Confederation of Indian IndustryÂ’s (CIIÂ’s) flagship con
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Govt awards Rs 205-cr contract to Pratibha Industries
The Public Health Engineering Department of Rajasthan government awarded a Rs 205 crore contract to Pratibha Industries for water supply scheme to 161 villages of Phagi Tehsil in Jaipur under Bisalpur Dudu Phagi Water Supply Project. The infrastructure major is scheduled to complete work on the project in 30 months from date of commencement, Prati
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Steel sector holds bright prospect: SAIL chief
Speaking to a leading newspaper, CS Verma, Chairman of Steel Authority of India (SAIL) said the Indian steel sector holds bright prospect going forward. He hinted that demand for steel may increase in the country as the government has given thrust to investment in key infrastructure sector during the 12th five
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Experts urge govt to revamp tariff regime for major ports
Experts and industry watchers feel that the government must revamp the tariff structure governing major ports in the country and make them market-driven rather than being regulated by Tariff Authority for Major Ports (TAMP). Industry players and experts suggest the government to reform the tariff regime in the port sect
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Lanco to recast Rs 90 bn debt
In view of the challenging economic condition, Lanco Infratech approached corporate debt restructuring (CDR) cell to recast its Rs 9,000-crore debt. Of the Rs 9,000-crore debt, Rs 4,000 crore is fund-based exposure and Rs 5,000 crore non-fund-based.
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Pipavav upgrades container infrastructure
In a move that raises the operational capacity of APM Terminals Pipavav, the port authority upgraded its infrastructure with the ability to carry double stack high cube containers.
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APM Terminals Pipavav upgrades container infrastructure
In a move that raises the operational capacity of APM Terminals Pipavav, the port authority upgraded its infrastructure with the ability to carry Double Stack High Cube Containers. The double stack container trains commenced recently and this made APM Terminals Pipavav one of the
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Mundra port handles more cargo than Kandla
Cargo volume handled by Mundra port stood at 24 million tonne (mn t) during April and June and this is more than the 23 mn t handled by Kandla port in the same period. With this, the Adani Ports and Special Economic Zone (APSEZ)-run port became the first private port to overtake the cargo volume of a major port in the coun
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Industry wants govt to focus on issues in port sector
Industry players suggested the government to pay renewed attention to the issues facing port sector in India. Some of the issues facing the sector are lack of clarity on land acquisition policy in an around port area, implementation delays in public private partnership (PPP) projects and faulty tariff structure governing major port