Quotes with Resistance & Support
Market Information

Govt to award 30 port projects worth Rs 25K cr this fiscal

This article was posted on Apr 16, 2013 and is filed under Market News

New Delhi: The Shipping Ministry Monday said it has set a target of awarding 30 projects, entailing Rs 24,633 crore investment, for the current fiscal to add 288.48 million tonne capacity.

“The achievement of the Ministry during 2012-13…Has been outstanding… This is the best performance for any year in the history of Major Ports… We have finalised the Action Plan for this year (2013-14) and a target of 30 Port Development Projects has been fixed,” Shipping Minister G K Vasan told a Parliamentary Consultative Committee in Mumbai.

A statement from the Shipping Ministry quoted Vasan as saying: “I am confident that the targets for the current year will be achieved by all the Major Ports.”

The ministry awarded 32 Projects last fiscal that will add a capacity of 136.75 million tonne per annum, costing Rs 6,765.63 crore.

It has also decided to establish two new Major Ports, one at Sagar Island in West Bengal and another in Andhra Pradesh to add a capacity of 100 MTPA, the Minister said.

India has 12 major ports: Mumbai, Jawaharlal Nehru Port Trust (Navi Mumbai), Kolkata, Chennai, Visakhapatanam, Cochin, Paradip, New Mangalore, Mormugao (Goa), Ennore, Tuticorin and Kandla under the control of the Centre.

For more visit: Zeenews.com

Similar Posts:

Breakouts

+ve 30 DMA    50 DMA    150 DMA    200 DMA
-ve 30 DMA    50 DMA    150 DMA    200 DMA

Latest Query

Samrudhiglobal.com wishing you and your friends and family Advance xmas and Happy New year...view more »
- by Sam
Status: Awaiting reply

Market Stats

Search Our Archives

Latest Investment Idea

Recent Comments