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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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Monday, 27 July 09
MIDDLE EAST COAL TO MOVE ON $1B EAST KALIMANTAN PROJECT
The Jakarta globe reported that, Middle East Coal reiterated on Monday that it would push ahead its $1 billion development program for East Kutai Re ...
Monday, 27 July 09
SHORT AND ONE YEAR PERIOD RATES FOR SUPRAMAX WAS FIRM AT AROUND US$ 18, 000 -18,500 PER DAY
COALspot.com (Singapore): The Supramax charter rates up sharply last week (ended 24th July 2009), especially India / Far East region said, Capt ...
Monday, 27 July 09
COKING COAL, IRON-ORE LIKELY TO BENEFIT NON-INTEGRATED STEEL PRODUCERS
Economictimes reported that, The second half of the financial year 2008-09 was one of the toughest periods for steel companies, especially the non-i ...
Monday, 27 July 09
GMR ENERGY BUYS EMCO POWERGEN SUBSIDIARY
DNA India reported that, Thane-based transformer manufacturer Emco Ltd has sold its stake in unlisted power generation subsidiary Emco Energy to Ban ...
Sunday, 26 July 09
CESC PLANS 2000 MW POWER PLANT IN BIHAR
Jai Bihar reported that, RPG flagship company CESC Ltd on Friday unveiled its plan to set up a 2,000 MW power generation plant at Pirpainti near Bha ...
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- Agrawal Coal Company - India
- Directorate Of Revenue Intelligence - India
- Savvy Resources Ltd - HongKong
- Wood Mackenzie - Singapore
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