Union Minister Nitin Gadkari said the Centre wants to make the Mormugao Port as the first facility with an 18 metre draft in the country, but the judicial intervention ensured it did not happen.
Reliance, Power Grid and NTPC were the top gainers on the index, while pharma stocks, Grasim and Tech Mahindra were the top losers on the index.
Government official privy to this development have told the Economic Times that a cabinet note has been prepared on this proposal and is floated among key ministries for consideration.
The ministry expects at least four ports in the country to be able to handle bigger ships in the next three years.
In an interview with CNBC-TV18, MD & CEO Shalabh Mittal said Mercator will sustain its Q1 performance going forward with the rise in coal price boosting margins.
Shalabh Mittal, MD & CEO, Mercator an interview to CNBC-TV18 while sharing his views on first quarter numbers and business outlook going forward said in the quarter gone by they managed to post growth in most segments, especially in the dredging and tanker business.
In an interview with CNBC-TV18‘s Ekta Batra and Anuj Singhal, KK Mohanty, Managing Director, Gammon Infrastructure, discussed state of the infrastructure sector and the company‘s own projects.