Pointing out that the Mumbai Port Trust (MbPT) is the biggest landlord in the city, Union Minister for Shipping, Road Transport and Highways, Nitin Gadkari, has revealed plans for a dream project, to develop R
BHEL shares surged 5.4 percent intraday Wednesday, in addition to 3.3 percent rally in previous session after CLSA upgraded the stock to buy from sell on improved EPS visibility on the legal victory by its client Tamil Nadu Generation and Distribution Corporation (TANGEDCO) in Ennore project.
Adani's Ennore and Vizhinjam ports are currently under construction and will start operations in October and December respectively. It currently has 8 operating ports.
"During 2015-16, a total of 30 projects are to be awarded which will involve an investment of Rs 14,225 crores and capacity enhancement by 162 MTPA," the Shipping Ministry said in a statement today.
Various other automobile firms, including, JK Tyres, Royal Enfield, Hyundai, Ford, Renault and had also suspended operations at their respective plants in and around Chennai due to flooding caused by the heaviest rainfall in the city in over a century.
The expenditure on account of PLR shall be borne by major port trusts and dock labour boards from their own resources without any budgetary support from the government.
To boost coastal shipping, the government has asked all the 12 major ports to accord priority berthing to such vessels and facilitate faster movement of cargo, as a short-term measure.
GAIL was looking for a strategic partner for the 4 million tons a year floating liquefied natural gas (LNG) terminal off the Paradip coast. But with a partnership with Royal Dutch Shell and GdF Suez of France coming through for a similar project off Kakinada in Andhra Pradesh, the Paradip project has been axed.
Presenting the Budgetary proposals for 2015-16, Jaitley said, "Ports need to attract investment as well as leverage the huge land resource lying unused with them and to enable us to do so ports in public sector will be encouraged to corporatise and become companies under the Company's Act".
In a stock exchange filing, IOC said its Board had in October last year had approved setting up a 5 million tonne LNG project at Ennore through a joint venture company. "The cost of the project is estimated at Rs 5150 crore.
According to Indiaproperty, connectivity continues to remain one of the biggest concerns for north Chennai residents with thousands of commuters struggling every day
In a major push to infrastructure sector, the Union Cabinet will consider tomorrow a proposal to set up two big ports with an investment of Rs 16,000 crore, a step being taken after a few decades.
State-owned oil firms may hike petrol price by about Rs 0.50 per litre from June 16 as last month's steep increase in rates is not enough to cover the cost of raw material (crude oil).
Hinduja Foundries operation at Ennore unit has disrupted from January 4 on wage issues, reports CNBC-TV18. It touched an intraday high of Rs 112 and an intraday low of Rs 107.50. At 10:23 hrs the share was quoting at Rs 108.10, down Rs 3.80, or 3.40%.