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GPCB orders closure of Navlakhi Port

GPCB orders closure of Navlakhi Port

Gujarat Pollution Control Board (GPCB) asked Gujarat Maritime Board (GMB), which runs Navlakhi Port in the gulf of Kutch to stop operation in the port because of air pollution. Navlakhi is an all-weather lighterage working port located in Gulf of Kutch and about 50 km from Morbi in Rajkot district

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Phase I of Rs 220 bn refinery project seen in 2014

Phase I of Rs 220 bn refinery project seen in 2014

Minister for Industries of Tamil Nadu government P Thangamani informed the state assembly that the 6 million tonne first phase of the petroleum refinery project by Nagarjuna Oil Corporation would be operationalised by 2014. Nagarjuna Oil Corporation proposed to set up a 12 million tonne a year refinery project in Cuddalore for abou

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OMDC awaits govt nod for mining operation

OMDC awaits govt nod for mining operation

Orissa Minerals Development Company (OMDC) is awaiting approval from the Odisha government to start mining from its Kolha Roida iron ore mine. It is learnt that the mine is cleared of all litigation and given all approvals, so now it is left to the state government to allow it to start operations. Kolha Roida is on

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Companies show strong interest in banking venture

Companies show strong interest in banking venture

According to informed sources, over 100 entities have shown interest in venturing into banking business following the release of the final guidelines by the Reserve Bank of India (RBI). It may be recalled that in February 2013, the central bank released its guidelines for licensing of new banking operations and invited applications for licenses before July 1, 2013

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Operation at Gopalpur port to begin soon

Operation at Gopalpur port to begin soon

MM Moharana, Director of Gopalpur Port (GPL) in Odisha informed that the actual operation in the port would begin within the next fortnight and the port can now handle around 3 million tonne (mn t) cargo annually. It may be recalled that operation at the port, located off Ganjam coast, was suspended in the last two years as the erstwhile seasonal minor port was being converted into a

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AirAsia expects to start JV operation by 4th quarter

AirAsia expects to start JV operation by 4th quarter

By the fourth quarter of 2013, AirAsia expects to start operation of its proposed low-cost airline in a joint venture with Tata Group and Arun Bhatia of Telestra Tradeplace. As soon as the joint venture receives approval from the sectoral regulator, it would launch operation, AirAsia's founder and group CEO Tony Fernandes said

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SCI raises container freight rates

SCI raises container freight rates

Starting February 2013, Shipping Corporation of India (SCI) decided to raise the freight rate on container cargo by 300 per Twenty Foot Equivalent Unit (TEU). The company raised the rate for ISE Service (Indian Subcontinent to Europe) applicable for the shipments from Indian Sub-continent to Europe, Mediterranean, Black Sea & Red Sea

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ArcelorMittal to resume operation at blast furnace

ArcelorMittal to resume operation at blast furnace

According to a foreign newspaper, ArcelorMittal may resume operation at its second blast furnace in Dunkerque, France from mid January after it remained shut since August. The company originally shut down the blast furnace for maintenance but kept it closed owing to low demand. According to the firm, steel demand in Europe decli

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