Private ports in Andhra Pradesh are giving a tough competition to the government-owned major port, Visakhapatnam or Vizag port. Gangavaram and Krishnapatnam are the two private ports in the state's east coast and their competition has caused a fall in Vizag airport's iron ore exports in recent times. Visakhapatnam port is mainly dependent on bulk cargoes. However, Gangavaram port is grabbing a sizable chunk of cargo of Vizag port's business.
Tag: Visakhapatnam
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RINL JV to revisit Rs 2 bn ferroy alloy project
A joint venture company set up by Rashritya Ispat Nigam (RINL) and MOIL in July, 2007 is revisiting the Rs 200-crore ferro alloy plant project and plans to set it up at an alternative location in Vizag, agency reports indicate. RINL-MOIL Ferro Alloys Pvt Ltd, in which both firms have equal stake, was formed to set up the plant at Vizianagaram in Andhra Pradesh in 2007. However, the project was found to be unviable at this
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Vizag Port takes up mechanisation at Rs 444.1 cr
Residents of Visakhapatnam's old areas like Kotha Veedhi and other areas in the locality will be relieved from dust pollution if the proposed mechanisation programme at Visakhapatnam Port Trust (VPT) goes as per the plan. The VPT has lined up a series of coal mechanisation programmes involving crores of rupees.
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Port projects fail to attract pvt investment
Reports suggest that the union government is facing difficulty in attracting private investment in port projects. It is learnt that projects in Visakhapatnam, Chennai and Tuticorin Port Trusts have not seen a single bid coming in from the private sector in the last
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Mega port projects up for bidding in 2013-14
During the year 2013-14, mega port projects like the setting up of the fourth container terminal at JN Port, mega container terminal in Chennai and expansion of container terminal in Visakhapatnam may come up for bidding. Union government is said to be taking steps to expedite award of key infrastructure projects, including port projects
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Vizag airport is yet to get cargo terminal
For Visakhapatnam, which boasts of a national highway, a major railway junction and one of the best ports, lack of good air transport facility is a drawback. The City of Destiny, as a result, lags far behind not only in terms of passenger travel but also cargo transportation. And for some strange reason, expansion works of the airport are progressing at a snailĆās pace notwithstanding promises from all stakeholders.
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NHAI to expanded h’ways in Vizag into six lanes
In Visakhapatnam, traffic jams on arterial roads will become a thing of the past once National Highways Authority of IndiaĆās (NHAI) ambitious plan to expand highways into six lanes at a cost of Rs 863 crore becomes a reality.
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Contract opportunities with Hindustan Shipyard
Visakhapatnam-based Hindustan Shipyard (HSL) is a leading shipbuilding organisation catering to the needs of shipbuilding, ship repairs inclusive of sophisticated and state of art submarine retrofitting and construction of offshore structures.
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Petronet works on Rs 45 bn terminal project
Petronet LNG is working on a Rs 4,500 crore land-based LNG terminal project with facilities for receiving, storage and regasification of LNG at Gangavaram in Visakhapatnam district in collaboration with the Gangavaram port. However, the initiative faces some headwinds as the l
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Ramayapatnam port work
Work on Ramayapatnam port in Prakasam district of Andhra Pradesh will begin in the new year, the State Municipal Administration Minister M Mahidhar Reddy said. According to Reddy the district was poised to witness tremendous growth on the industrial front with the coming up of the second major port in the State after Visakhapatnam. A proposal for setting up a Rs 3,000-crore industrial corridor was being considered, he added.