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ChPT to handle met coke

ChPT to handle met coke

Chennai Port Trust (ChPT) plans to handle metallurgical coke and petroleum coke to make up for the loss of dusty cargo like coal and iron ore. The new cargo will be handled on a trial basis for six months,

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Corporatisation of major ports

Corporatisation of major ports

The Union Government is planning to convert 12 of the 13 major ports into companies to improve efficiency and competitiveness. The ports currently operate as trusts. The shipping ministry has initiated the process for appointing a consultant for corporatisation

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NOCL to commission Cuddalore refinery by 2015-end

NOCL to commission Cuddalore refinery by 2015-end

Nagarjuna Oil Corporation Ltd (NOCL) plans to commission the first phase of its
Rs 25,000 crore Cuddalore refinery in Tamil Nadu by end of 2015, its Managing Director & CEO, S Ramasundaram said. NOCL is setting up a 6 million tonne-a-year oil refinery at Cuddalore in phase-I with a similar capacity unit planned in the second phase.

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Our assistance purely depends on the bilateral relationship

Our assistance purely depends on the bilateral relationship

The Japan International Cooperation Agency (JICA) is cautious to comment on the progress of the Delhi-Mumbai Industrial Corridor (DMIC). The DMIC project being a greenfield, that has taken a long time and faced land-acquisition delays, has made JICA alter their strategy for other projects in the country especially on Chennai-Bengaluru-Industrial Corridor (CBIC).

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Suzlon Energy to raise Rs 1,500 crore

Suzlon Energy to raise Rs 1,500 crore

Pune-based Suzlon Energy is planning to raise about Rs 1,500 crore through selling its assets. Two of the fifteen assets, which the company plans to sell, are in abroad. These assets have components manufacturing facility and old plants. Suzlon wants to sell some of its assets in Gujarat, Maharashtra, Tamil Nadu and Pondicherry. According to the company, the process of selling assets would at least take 12 to 18 months.

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NHAI to float bids for road projects in TN

NHAI to float bids for road projects in TN

The National Highways Authority of India (NHAI) will float bids for three important road projects in Tamil Nadu. These roads will connect Rameswaram reducing the travel time to the pilgrim island by road. NHAI has so far completed work in the 90 km stretch in the two-lane highway between Tiruchi and Ramanathapuram via Karaikudi. This highway with paved shoulders on NH 210 has been executed at a cost of Rs 374 crore.

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LNG floating storage unit off TN coast

LNG floating storage unit off TN coast

A Rs 3,500-crore LNG Floating Storage and Re-gasification Unit (FSRU), related port infrastructure and a power plant are to be established in the southern coast of Tamil Nadu. According to sources, Eurostar Kirtilals will soon enter into an agreement with Tamil Nadu Industrial Development Corporation (Tidco) for a joint venture to set up the project in Nagapattinam.

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Gas-fired power projects seek policy sops

Gas-fired power projects seek policy sops

The cabinet will consider a proposal to subsidise gas-based power plants to prevent electricity from becoming too costly. The power ministry has circulated a draft note for the cabinet committee on economic affairs (CCEA) for improving the viability of gas-based power generation, which seeks approval to allocate financial subsidy by the government to address the issue of substantial increase in the price of domestic natural gas.