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Inaugurating four such jetties on both sides of the river at Nadia's Kalyani and Tribeny in Hooghly district of West Bengal, he said on Sunday the Centre was also developing 118 waterways in the country.
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Favorable supply-demand balance, new capacity and product diversification are key triggers to watch
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The IOC in a statement said the incident occurred at a unit of the refinery during shutdown related works.
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The IWAI is implementing the Jal Marg Vikas Project for augmenting the navigation capacity of NW-1 from Haldia to Varanasi at a cost of Rs 5,369 crore, with the technical and financial support of the World Bank.
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Tata Chemicals today said it has received approval from majority shareholders for sale of its Haldia fertiliser unit in West Bengal to Netherlands-based Indorama Holdings BV for Rs 375 crore.
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Tata Chemicals has entered into an exclusivity agreement for negotiations with Indorama Holdings for the potential sale of its fertilizer business. The spin-off was anticipated for quite some time and the deal seems to be mutually beneficial.
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Tata Chemicals today said its fertiliser plant at Haldia will remain shut till April 15 due to relocation of ammonia pipeline as well as annual repair and maintenance work.
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Inland Waterways Authority of India has awarded the Rs 517 crore contract to construct multi-modal terminal at Haldia, West Bengal, to ITD Cementation Ltd.
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"GAIL has initiated a major step towards the construction of the Jagadishpur-Haldia-Bokaro-Dhamra natural gas pipeline (JHBDPL) by approving placement of orders for pipeline laying work of 345 km from Phulpur to Dobhi," the company said in a statement.
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The government will provide Rs 5,176 crore or about 40 percent of the project cost after the state-owned gas utility found it difficult to commercially justify the huge investment of Rs 12,940 crore in absence of either a firm source of gas supply or customers.
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The company has been scouting for 25 acres in Haldia and is in talks with Haldia Port Trust authorities for the land. The funding would be done internally.
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The company has decided to supply DAP to its customers from inventory in hand and imports.
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Tata Group company has a fertiliser plant at Haldia that manufactures DAP, SSP and complex NPK fertilisers wherein ammonia is used as one of the feedstock.
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"We will set up 2,000 water ports... India has huge potential for water transport and has 14,500 km of waterways. Not only this we will develop our 1,300 islands as major tourist attraction," Gadkari said addressing a global summit on Smart Cities-Smart India, organised by Assocham.
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The assets include 376.5 MW of wind assets in Gujarat, Maharashtra and Tamil Nadu, 3 MW solar asset in Mulshi and 120 MW of waste heat recovery based power plants at Haldia, West Bengal.
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The investment would be from Jindal ITF and they would charge the users for the service, but KoPT would not levy any charge for transloading, to attract cargo.
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Gadkari also said the bill for developing 101 river stretches as waterways would be passed in the Parliament session this month, and that the work on developing the 1,620 km-long waterway between Varanasi and Haldia has begun. "I am not showing any dream to you.
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Investors lapped up shares of fertiliser companies on Wednesday after the Union Cabinet yesterday approved gas pooling for 30 urea manufacturing units in the country. Fertiliser stocks rallied 3-14 percent intraday today.
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CESC‘s total capacity now stands at 2,500 MW, while power purchase agreement (PPAs) for 250 MW have already been signed, says company‘s vice chairman Sanjiv Goenka.
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The brokerage house upgraded the power producer to buy with a 12-month target price of Rs 842 apiece incorporating stable Chandrapur operations from FY16 and higher valuations for Spencer‘s.
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CESC's first quarter net profit grew by 4.8 percent year-on-year (fall 48.8 percent sequentially) to Rs 131 crore.
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Sanjiv Goenka, Vice Chairman of CESC told CNBC-TV18 that their sales were up about 5.3 percent while profits rose 38 percent owing to improved plant load factor or PLF and lower costs.
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Chamber conglomerate Assocham today said the decision to exit Haldia dock by ABG would not impact investment flow in the long run, but the West Bengal government should also not delay action against those taking the law into their own hands.
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Shree Renuka Sugars , India's biggest sugar refiner, restarted its 2,000 tonnes per day plant at Haldia in West Bengal after a gap of nearly a year to cash in on higher prices in the local markets, a senior company executive told Reuters.
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Indian Oil Corp is seeking 60,000 tonnes of diesel and could likely buy more over the next few months as demand is set to go up in summer, industry sources said on Thursday.
