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Improve logistics in coastal shipping for savings: Study

Improve logistics in coastal shipping for savings: Study

A study by global consultants McKinsey & Co and AECOM for the Ministry of Shipping says optimising the logistics flow for key commodities by 2025 could save Rs.30,000-40,000 crore. It recommends creation of more capacity at major ports and a logistics aggregator company to consolidate the shipping supply chain.

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MSTC to build steel scrap unit for Rs 120 cr

MSTC to build steel scrap unit for Rs 120 cr

Media reports suggest that public sector trading firm MSTC plans to set up a automotive and white goods steel scrap shredding unit in Dahej at a cost of Rs 120 crore. The plant, to be located at Dahej, may be operationalised in the first half of 2013-14. For installing the unit, to be built on a 20-acre plot, selection of an EPC contractor would be done through a global tendering