Project News Details
Electronic Connectivity in All 12 Major and 6 Non-Major Ports
For providing electronic connectivity in Ports, the Central Government has implemented Port Community System.This is intended to integrate the electronic flow of trade related documents, information and functions as a centralized hub for ports of India and other stakeholders like Shipping Lines, Agents, Surveyors, Stevedores, Banks, Container Freight Stations, Customs House agents, Importers, Exporters, Railways, CONCOR, Government regulatory agencies, etc. for exchanging electronic messages in a secure manner.
The main objectives of the PCS are:
· Develop a centralized web-based application, which act as SINGLE WINDOW, for the port community members, stakeholders to exchange messages electronically in secure fashion.
· Reduce transaction time & cost in port business
· Achieve paperless regime in port sector
· Implement an e-commerce portal for port community
All the 12 Major Ports and six non Major Ports have been integrated online with PCS that cover around 92% of total EXIM Trade by volume.
This information was given by the Minister of State for Shipping Shri Pon. Radhakrishnan in written reply to a question in Lok Sabha.
Punj Lloyd wins Haldia Refinery EPCC Package from IOC
Diversified global conglomerate, Punj Lloyd has announced receiving a lump-sum turnkey contract for the EPCC Package 2 at Haldia Refinery, West Bengal from Indian Oil Corporation Ltd (IOCL) for a value of Rs 1094 crore.
The scope of work for the project involves the Residual Process Design, Detailed Engineering including HAZOP study, engineering, procurement, construction and commissioning of the Sulphur Block comprising the Sulphur Refinery Unit (SRU), Amine Regeneration Unit (ARU), the Sou...
L&T Bags 1700 Cr. International EPC Order for 400 MW Gas Based Power Plant in Bangladesh
Larsen & Toubro (L&T) has received an order valued at around 1700 Crores from Marubeni Corporation, Japan, for setting up the Bibiyana III 400 MW Combined Cycle Power Plant Project of Bangladesh Power Development Board (BPDB).
BPDB awarded the EPC contract for setting up the 400 MW gas based power plant project to Marubeni Corporation of Japan, which in turn awarded the EPC sub-contract to L&T on turnkey basis. This plant will be located at Nabiganj Upzila in H...
IOC Planning Petrochemical Plant in Iran
As per the reports in the media, Indian Oil Corp. (IOC) is planning to build USD 3 billion petrochemicals plant in Iran which will have access to cheap natural gas as its feedstock.
India is planning investments in energy infrastructure in Iran. This includes ports and upstream gas production.
IOC is looking at petrochemicals to drive growth. The company is planning an investment of around USD 4.5 billion in coming years to expand its business.