Project News Details

Investment in Ports and Water Transport Sector

Foreign Direct Investment upto 100% under automatic route is already permitted in the Port Sector. This has resulted in several Public Private Partnership (PPP) projects coming up in the Major Ports. At present, a total of 33PPP Projects with an investment of Rs. 17817.96 cr. are operational and 20 more PPP projects with an investment of Rs. 22362.67 cr. are under implementation. As regards inland water transport sector, Government intends to have private sector participation for the development of IWT terminals, fairway, operation and maintenance of terminals, vessels and navigational aids. Maritime India Summit 2016 was organised in Mumbai during 14-16 April, 2016 to showcase investment opportunities in shipping, ports and inland waterways sector. This information was given by the Minister of State for Shipping Shri Pon. Radhakrishnan in written reply to a question in Lok Sabha.

Other News

  • 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.