Expecting tremendous potential for the port sector, Adani Group plans to spend around $1 billion to acquire a private sea port on the country's eastern coast before March 31. Gautam Adani, Chairman of the firm said this in an interview. Adani Group, which runs one of India's largest ports, at Mundra in western India, is also developing ports in Da
Tag: Terminal
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ABG, PSA may bid for JNPT project
Union Minister for Shipping GK Vasan informed that the PSA International, and the ABG Group would be allowed to bid at the fresh tender for the proposed fourth container terminal project at Jawaharlal Nehru Port Trust (JNPT) as long as they are not blacklisted. The contract given to the above two firms for cons
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GAIL India to decide on shipping foray
In the next three-four months, GAIL India would decide on whether to start shipping operation. The company plans to source seven LNG (liquid gas) shipping vessels on long-term charter hire. Alternatively, it is also mulling a proposal of outright purchase. BC Tripathi, Chairman of the firm said after announcing the commissioning of its 5-million tonne a year
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Azhikkal port to negotiate revenue share with ABG
Authorities of Azhikkal port is in the process of negotiating the revenue share with the sole bidder -Mumbai-based ABG Group - for its proposed cement terminal project. It may be noted that when the port issued tender for the first time, even ABG delayed submitting a detai
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GAIL commissions 5 mn t LNG terminal
BC Tripathi, Chairman of Gail India informed that it has commissioned the 5 million tonne capacity liquefied natural gas (LNG) terminal at Dabhol facility in Maharashtra. He also informed that the firm plans to double its capacity by 2016 in a phased manner. Initially, the firm wou
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JNPT to spend fund on land reclamation
Reports suggest that the Jawaharlal Nehru Port Trust (JNPT) would spend the amount raised through its upcoming bond issue for land reclamation activities for the proposed fourth terminal. The port plans to raise Rs 2,000 crore through issue of tax-free infrastructure bonds for its expansion
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Consultant suggests to accept bid for Rs 37 bn terminal project
According to media reports, the consultant for the Rs 3,700-crore mega container terminal project in Chennai Port (ChPT) advised the port to accept the revenue share offered by Essar Ports. Essar Ports, which was the lone bidder for the project, offered 5.25 percent revenue share, which the port considers to
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Chennai Port directs Adani Ports to central govt
According to industry sources, Chennai port directed Adani Ports and Special Economic Zone (APSEZ) to seek security clearance from the central government to bid for the proposed container terminal project. Chennai port, which is in the process of awarding the proposed Rs 3,686 crore container terminal project, received a representation from Adani Ports seeking eligib
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IIM study identifies ports for transshipment hub
A study by IIM Ahmedabad shows that Jawaharlal Nehru Port Trust (JNPT) would be the logical choice for a transshipment hub port on the west coast based on the commercial criteria. However, from an infrastructure perspective, the port does not have the draft to accommodate future generation vessels. Mundra is better placed as far as draft is concerned, the
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Oil India appoints consultant for 2.5 mn t LNG project
According to company sources, Oil India (OIL) has appointed a consultant to prepare report on its proposed
2.5-million tonne (mn t) liquefied natural gas (LNG) receiving terminal in the country. Geneva-based Foster Wheeler AG is said to be the firm that bagged the consultancy contract for the project, which marks OIL's foray into imported gas. With the proposed LNG terminal, the company will join