Considering the Visakhapatnam port's modern facilities and its appropriateness, stakeholders of both India and Nepal have underlined the need to open the port as an alternative port for India's foreign trade, said Sushil Mulchandani, chief operating officer of Visakha Container Terminal Private Limited. He was addressing Nepal-India Business Conclave, 'Visakhapatnam Port: Additional Gateway for NepalÂ’s Export Import Traffic.' in Kathmandu on August 11. Visakha Container Terminal is the operator
Tag: Visakhapatnam Port
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Essar iron ore berths in Vizag
Essar Ports is looking to secure finances of about Rs 700 crore for developing three iron ore berths at the Visakhapatnam port in the next six months.
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Essar to set up 3 iron ore berths in Vizag at Rs 1,000-cr
India's second largest private port operator, Essar Ports is looking to secure finances of about Rs 700 crore for developing three iron ore berths at the Visakhapatnam port in the next 6 months. In June, the company had won the bid for mechanisation and operation of three iron ore berths at Visakhapatnam Port, which will have a combined capacity of 23 million tonne per annum (MTPA). The total project cost is estimated to be about Rs 1,000 crore, said Essar Ports' Managing Director Rajiv Agarwal.
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Essar Ports Ltd – Q1 FY14 Net Profit up 48 per cent to Rs 101.4 cr
Essar Ports Ltd. (Essar Ports), part of the Essar Group, today announced its unaudited results for the quarter ended June 2013. Net Profit for Q1 FY14 increased by 48% to Rs. 101.4 crore from Rs. 68.5 crore in Q1 FY13.
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Rs 1,800 cr worth 3 projects to come up in Vizag port
In Visakhapatnam port, three major projects, with an investment of Rs 1,800 crore, are being taken up and the finalisation of bids for the same is being undertaken this week. The bids for extension of container terminal, involving an investment of Rs 633 crore, were opened on March 27. The bids for mechanisation and upgradation of existing facilities at iron ore handling complex (OHC) and West Quay North (WQ-7 and 8 berths) were scheduled to be opened on March 28.
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Vizag port to operationalise coal handling unit
Ajeya Kallam, Chairman of Visakhapatnam Port informed that the port authority would soon operationalise the fully mechanized coal-handling facility at its general cargo berth. The mechanized coal-handling facility is intended to provide a lasting solution to pollution. He informed this after hoisting the National Flag on the
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APSEZ for stake in Vizag Seaport
Adani Ports and Special Economic Zone (APSEZ) plans to acquire stake in Vizag Seaport, which is the
largest multi-commodity terminal at Visakhapatnam port. The terminal can handle all types of cargo except petroleum, oil and lubricants.
The terminal shares 17.11 per cent of the annual revenue collected from customers on berth hire and wharf-age with Visakhapatnam port.
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APSEZ may pick stake in multi-commodity terminal
Adani Ports and Special Economic Zone (APSEZ) plans to acquire stake in Vizag Seaport, which is the largest multi-commodity terminal at Visakhapatnam port. The terminal can handle all types of cargo except petroleum, oil and lubricants. It started operations on a 30-year contract from 28 November 2001 and loaded 5.55
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APSEZ may pick stake in multi-commodity terminal
Adani Ports and Special Economic Zone (APSEZ) plans to acquire stake in Vizag Seaport, which is the largest multi-commodity terminal at Visakhapatnam port. The terminal can handle all types of cargo except petroleum, oil and lubricants. It started operations on a 30-year contract from 28 November 2001 and loaded 5.55
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Red tape in connectivity setting business back
Developers of ports tell us how port connectivity has boosted business, while users say poor connectivity are limiting their plans.