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Sunday, 06 December 09
NEW MANGALORE PORT GETS UPCL'S FIRST COAL PARCEL FROM INDONESIA
The Lanco Group-promoted Udupi Power Corporation Ltd (UPCL) has received the first parcel of imported coal from Indonesia at the New Mangalore Port.
The ship – M.V. Matilda – carrying 62,000 tonnes of coal has started discharging the coal at the New Mangalore Port. Another vessel – M.V. Fortune Princess – with 66,200 tonnes of imported coal is waiting at the anchorage.
Sources in the port told Business Line that another two to three vessels for the UPCL project are likely to call at the port in the coming days.
It is learnt that the imported coal will be used for synchronisation of the thermal power plant at the Udupi district. Sources in the company said that regular shipment of coal is likely from third week of January.
It may be mentioned here that a dedicated berth is being constructed under BOT (build, operate, and transfer) mode at the New Mangalore Port Trust (NMPT) for handling the imported coal for UPCL. The project cost is estimated at Rs 230 crore (US$ 49,837,484).
Nearly 65 per cent of the work on the berth has been completed at the port. A railway line is being laid to the UPCL site to carry the coal from the New Mangalore Port to the site.
When fully commissioned, the power plant at Padubidri in Udupi district would produce 1,200 MW
Source: The Hindu Business Line
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Saturday, 07 November 09
THE STEAM COAL MOVEMENT FROM INDONESIA TO INDIA REMAINED QUITE STRONG - CAPT. REDDY
COALspot.com (Singapore): The BDI continued rising this week and was up by 290 points up by almost 9 pct and the index closed at 3,393 points.
B ...
Friday, 06 November 09
COAL INDIA ABANDONS PLAN TO BUY ASSET IN AUSTRALIA
Coal India’s efforts to acquire a mid-sized virgin thermal coal block from a private party in Australia have drawn a blank.
The effort was ...
Friday, 06 November 09
NEW ASSETS WILL INCREASE COKING AND THERMAL COAL PRODUCTION
Coal and metals processing company Coal of Africa Limited (CoAL) aims to produce 10-million tons a year of coking coal and two-million tons a year o ...
Friday, 06 November 09
NTPC TO APPOINT MERCHANT BANKER FOR S AFRICA COAL MINE
State-run power producer NTPC, which is eyeing coal mines in South Africa to meet the gap in domestic fuel supply, will appoint a merchant banker ne ...
Thursday, 05 November 09
MERCATOR LINES AIMS TO BECOME A $5 BILLION COMPANY
Mercator Lines, India’s second largest private sector shipping line, plans to invest and expand, riding India’s next wave of growth, the ...
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