Container traffic in Indian ports has risen from 0.2 per cent in 1981 to 20 per cent in 2010-11. The total container throughput in FY2011 stood at over 9.4 million TEUs, witnessing a growth of 13 per cent over the previous year.
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More on Board
The Board of Directors of Larsen & Toubro announced that R Shankar Raman will be appointed Chief Financial Officer of the Company on 6 September 2011, and will subsequently be elevated to the Board on 1 October 2011.
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KKR, promoters to invest $120 mn in Avantha
US private equity firm Kohlberg Kravis & Roberts (KKR) and the promoter of Avantha Power & Infrastructure (APIL) will invest $120 million in the Indian company.
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FSDC for urgent steps to set up infra debt funds
The Financial Stability and Development Council (FSDC), headed by Finance Minister Pranab Mukherjee, has decided to initiate steps for a more vibrant corporate bond market to enable industry to raise debt funds for infrastructure.
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GVK eyes partner for oil & gas project
GVK Power & Infrastructure may rope in a partner for furthering its plans for tapping the potential in oil & gas sector.
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GAIL LNG project faces headwinds
Farmers in Dodda Siddavanahalli village stalled the work on Dabhol-Bangalore LNG pipeline project, which is carried out by Gas Authority of India (GAIL).
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NMPT clocks 4.81 per cent rise
The New Mangalore Port Trust (NMPT) registered a growth of 4.81 per cent in overall cargo handling in the first three months of 2011-12 owing to a rise in the handling of coal, LPG, crude oil and container cargoes among others.
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Vizhinjam Container Terminal by 2015
According to Kerala Minister for Ports and Excise, K Babu, the Vizhinjam International Deepsea Container Terminal will be operational by 2015.
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Single Ports Act on the anvil
The Ministry of Shipping has prepared a draft of a proposed new Ports Act amalgamating the existing two statutes governing the sector into a single piece of legislation and may soon send the proposal to Cabinet for approval.
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Single Ports Act on the anvil
The Ministry of Shipping has prepared a draft of a proposed new Ports Act amalgamating the existing two statutes governing the sector into a single piece of legislation and may soon send the proposal to Cabinet for approval.