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Thursday, 20 August 09
MUNDRA PORT BAGS MORMUGAO PORT COAL TERMINAL DEVELOPMENT CONCESSIONS
NDTV reported that, Mundra Port and Special Economic Zone (Mundra Port) the largest private port in India has won the bid for the development of coal handling terminal at port of Mormugao, Goa on a design, build, finance, operate and transfer (DHFOT) basis. The letter of award to the consortium led by Mundra Port has been received.
Highlighting the terms of the contract Rajeeva Ranjan Sinha, director, said that the contract involves development and operating a berth at the port to handle about 6.5 million tonnes of cargo and would handle 5 million tonnes in the first year itself and have a revenue share of 20% with the port trust. The volume of cargo would increase with mechanisation. It would have a concession period of 30 years in accordance with a concession agreement to be executed between Mundra Port led consortium and Mormugao Port Trust.
Currently, Mundra Port is developing a Rs 2000 crore, 50 million tonne capacity, coal handling terminal at Mundra and also a multi-purpose cargo terminal with two berths at Dahej in joint venture with Petronet LNG.
Mundra Port had just declared its quarterly results where the cargo handled showed a jump of 24%, the quarterly revenues at Rs 306.77 crore showed all increase of 21% YOY and PAT registered increase of 76% on YoY basis to Rs 170.76 crore.
The company made this announcement during the trading hours today, 10 August 2009.
Source: NDTV
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Tuesday, 08 September 09
SOUTH AFRICAN COAL EXPORTS MAY RISE ON SALES TO INDIA
Bloomberg reported that, South African coal exports may rise to 100 million metric tons a year by 2020 and India may become the biggest destination ...
Monday, 07 September 09
VALE SPENT $300 MILLION AT MOZAMBIQUE COAL MINE
Bloomberg rported that, Vale SA, the world’s biggest iron- ore producer, has so far spent about $300 million of the $1.3 billion investment in ...
Monday, 07 September 09
INDIA MAY BOOST COAL IMPORTS FROM INDONESIA - PLAN JVS
WSJ reported taht, India agreed to study setting up joint ventures with Indonesian companies to acquire coal assets, and look at other means of impo ...
Monday, 07 September 09
INDIAN COAL MAY NOT POWER NEW UMPPS
The Economic Times reported that, bidders for new ultra mega power projects (UMPP) may not get assured coal supplies from domestic mines. As per the ...
Saturday, 05 September 09
THE ECI / CHINA (S7) ROUTE SOFTENED BY ALMOST 12% AND THE CHARTER HIRE WAS AT US$ 16,346 PER DAY - VISTAAR
COALspot.com (Singapore): The dry bulk market continued to be stable with the BDI almost same as last week at 2,415 points.The Panamax index went up b ...
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- McConnell Dowell - Australia
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- Cigading International Bulk Terminal - Indonesia
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- Tata Chemicals Ltd - India
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- Alfred C Toepfer International GmbH - Germany
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