In technical collaboration with apex body of chartered accountants’ ICAI, Indian Railways has released the “first ever” accrual-based financial statement for North Western Railway.
Minister of Railways inaugurates International Conference on Decarbonisation of Indian Railways – Mission Electrification
Minister of Railways Shri Suresh Prabhakar Prabhu has inaugurated the International Conference on Decarbonisation of Indian Railways – Mission Electrification organised by Institution of Railways Electrical Engineer (IREE) in partnership with ASSOCHAM India.
Road Transport and Highways Ministry is working on a proposal with Ministry of Defence to construct runways on highway stretches and 22 such spots have been identified across the country…
“This acquisition is a testimony of Adani Ports’ experience and expertise in operating ports at global benchmarks. This also gives us a strategic foothold enhancing our experience of handling world-class fully automated terminals,” Karan Adani CEO, APSEZ said.
In a bid to enhance its operational foothold, Adani Ports and SEZ will soon acquire ownership of Abbot Point Bulkcoal Pty Ltd (APB), an Australian registered company performing the operations and maintenance activities of Abbot Point Coal Terminal in Queensland, Australia. The Adani Group is one of India’s leading business houses with revenue of over $10 billion.
The Haldia Dock Complex under Kolkata Port Trust has recently earmarked about 10 acres of land in the vicinity of Haldia Oil Jetty No. 1 for a period of 30 years for setting up of LNG storage facilities, with permission to lay pipelines and install unloading arms through tender cum auction.
NHAI awards contract for 2-laning with formation of 4-lane of proposed Shimla Bypass (Kaithalighat-Shimla section) of NH-22
The National Highways Authority of India (NHAI) has awarded the contract for 2-laning with formation of 4-lane of proposed
The funding by JNPT is the first of its kind for major port and it opens up one more avenue for major and government ports to raise funds by accessing international markets for their requirements.
India’s premier container port, Jawaharlal Nehru Port Trust in Navi Mumbai, has signed an agreement with State Bank of India and Development Bank of Singapore for External Commercial Borrowing (ECB) to the tune of $400 Million at a “very competitive” interest rate to improve the infrastructure required for “doubling” its existing capacity to 9.85 Million TEUs annually.
In the very first collaboration under the “Adopt a Green Highways” program of NHAI for developing green corridor along National Highways, the National Green Highways Mission (NGHM) under NHAI announced collaboration with state-owned Power Finance Corporation Ltd. (PFC) for planting trees on NH 7 in Nagpur region (Borkhedi – Wadner, & Khatara – Kelapur) covering 87 km stretch.
From vinyl wrapping and branding of trains to leveraging vast railway property, cash-strapped Indian Railways is moving full steam ahead to generate more nonfare revenues, in line with minister Suresh Prabhu’s efforts.
Essar Ports Announces Rs 750 cr Investment to Increase Capacity of Its Hazira Port to 50 MTPA by Dec 16
In what will increase the capacity of the Hazira terminal from the existing 30 million metric tonnes per annum (MMTPA) to 50 MMTPA, Essar Ports has decided to expand the 550-metre berth of Essar Bulk Terminal Limited (EBTL) in Hazira by a further 1,100 metres to accommodate the steady growth in cargo throughput at the port.