Category Archives: Local News

The global shipbuilding industry may not be in a good shape, but with business for Cochin Shipyard looking up, the government is likely to divest a 10 per cent stake in the company. This would be the first disinvestment in … Continue reading →

Pipavav Defence and Offshore Engineering Co. Ltd has alloted 1.05 crore shares to ace investor Rakesh Jhunjhunwala and his associates following conversion of 1.05 crore warrants, issued to them in November 2011. “…the Securities Allotment and Transfer Committee of the Board … Continue reading →

The Jawaharlal Nehru port may not split a planned Rs. 8,200 crore container terminal into two now that the man driving the move, chairman L. Radhakrishnan , left on Monday to become Kerala’s home secretary. The proposal, approved by the port’s board in … Continue reading →

Chennai port will call for fresh price bids from pre-qualified bidders to build a container terminal worth Rs.3,686 crore, according to two people briefed on the decision. “The port’s board of trustees cleared a proposal moved by the management to re-invite … Continue reading →

At a time when private investment is being considered crucial for economic growth of the country, private port projects are throwing a spanner. With no bids coming from private sector, the shipping ministry is now planning to invest in a … Continue reading →

Private investment seems reluctant to step into the ports sector, at a time when policy says this source is to be encouraged. The shipping ministry is planning to invest in a project at Visakhapatnam port which has been put out … Continue reading →

In times when private investment is being pegged as crucial to economic growth of the country, private port projects are throwing a spanner. With bids from private sector not forthcoming, the shipping ministry is now planning to invest in a … Continue reading →

Cargo traffic at 12 major ports in the country declined by 2.58 per cent at 545.68 million tonnes during 2012-13, according to the government. The cargo handled by 12 major ports stood at 545.68 million tonnes, including 93.62 million tonnes … Continue reading →

Adani Ports and Special Economic Zone Ltd (APSEZ), India’s biggest private port operator, has been granted security clearance by the government to participate in auctions for port projects after a gap of more than two years. The security clearance granted … Continue reading →

Adani Ports and Special Economic Zone (APSEZ) has surged 7% to Rs 157 in noon deals on reports that the company has received security clearance from the Union home ministry to bid for port projects in the country. Since November … Continue reading →

More than 20 years after India started to liberalize its economy, a key reform to convert 11 of the 12 ports owned by the Indian government into corporate entities has remained elusive. Currently, these ports are run as trusts under … Continue reading →

Paradip Port Trust (PPT), which had recently floated expression of interest to develop non-petroleum cargo handling terminal at the port site, has received three proposals. The proposals have come from Bombay Stock Exchange-listed Ganesh Benjoplast, and two non-listed entities- Jain … Continue reading →

The long-winded debate on deregulating rates at the dozen ports controlled by the Indian government and restoring investor confidence in the country’s port sector has reached the final stages. On 8 March, India’s shipping ministry published draft guidelines seeking comments … Continue reading →