Project News Details
Improving Operational Efficiency of Major Ports is Main Focus of the Government, says Shri Nitin Gadkari
Union Minister of Shipping, Road Transport & Highways Shri Nitin Gadkari has said that the decline observed in the performance of Major Ports from 2008 to 2014 has reversed and they have shown improvement in their performance in 2015. He said this while addressing a press conference in New Delhi today. Shri Gadkari said the profit margins of Major Ports declined from 43% to 28% during 2008 to 2014 and the market share of Major Ports during the period declined from 72% to 57%. Underlining that the development of ports is important for increasing the GDP of the country, the Minister said the focus of the present government is on modernization of Major Ports and increasing their operational efficiency. He said with new initiatives the improvements have been registered in the performance of Major Ports with the volume of cargo handled increasing by 4.6% and revenue increasing by 8.7% in 2015.
The initiatives undertaken to improve efficiency of Major Ports include delegation of more powers to Major Ports, capital dredging to 18 meters through PPP mode in Mormugao Port, new scheme to assist ports to mitigate oil pollution, new scheme to set up coastal berths, passenger jetties etc, establishment of new company Indian Port Rail Corporation to focus on last mile connectivity, new company India Ports Global to take up projects abroad, Sagarmala project to promote port led development, equipments and technology upgradation, mechanization and initiatives for large vessel handling.
The Minister informed that the Major Ports will generate 200MW of green power which include 150MW solar power and 50 MW wind energy. He said the port sector in India needs to adopt best international practices. Shri Gadkari informed that his priorities include treatment of waste water at ports, use of bio-diesel to reduce air pollution and opening of modern hospitals and medical facilities at ports.
Earlier speaking on the occasion Secretary, Shipping Shri Rajive Kumar said as the Government is promoting coastal and inland waterways trade, the efficiency of ports has great bearing on cost of transportation. A presentation was also made on the occasion which may be accessed through the link provided below.
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.