Jnpt

JSW Infrastructure incorporates arm to execute project at JNPT in Maha

JSW Infrastructure on Wednesday said it has incorporated a wholly-owned subsidiary for the execution of a port project at JNPT in Maharashtra. JSW JNPT Liquid Terminal Pvt Ltd has been incorporated on March 13, in Mumbai, according to a regulatory filing. The company said it has received a Letter of Intent (LoI) from Jawaharlal Nehru Port Authority for equipping, operation, maintenance and transfer of additional liquid cargo berths LB3 and LB4 at the port. The terms of LoI require the incorporation of a special purpose vehicle to enter into a concession agreement within 30 days of the issue of LoI. "Accordingly, the company has incorporated a new entity for the purpose of entering into the said concession agreement and to fulfil the obligations as stated in the said agreement," JSW Infrastructure said.

Man Infra bags Rs 680-cr contract from JNPT vendor PSA International

Man Infraconstruction has bagged a Rs 680-crore EPC order from Bharat Mumbai Container Terminal to construct the fourth container terminal at the Jawaharlal Nehru Port (JNPT). Bharat Mumbai Container Terminal is a subsidiary of PSA International, a Singaporean port group. PSA is working with JNPT to develop the second phase of the fourth container terminal, and the contract includes land reclamation and infrastructure development. The contract is to finish the infra work within 30 months, Man Infra, a city-based EPC and realty company, said in a statement. Manan Shah, the managing director of Man Infra, said his company had executed the first phase of infra work for the terminal earlier within 22 months. Publicly-traded Man lnfra has zero debt and had Rs 1,890 crore in revenue from which it earned a net profit of Rs 258.6 crore in FY23. Its EPC division has six decades of experience in ports, residential, commercial & industrial and road segments, and the realty division has ...

Shipping Ministry seeks advice on letting APSEZ bid for govt tenders again

Ministry is concerned about wider repercussions of Supreme Court decision to revoke the firm's disqualification

Adani arm seeks licence to expand power distribution in parts of Mumbai

An Adani Group company has sought licence for expanding its power distribution business into more areas of Mumbai, including the country's largest container port JNPT. In an advertisement published in several newspapers in the city on Saturday, Adani Electricity Navi Mumbai (AENM) said it has approached the Maharashtra Electricity Regulatory Commission (MERC) for a distribution licence in some pockets of the Mumbai Metropolitan Region along with its listed parent Adani Transmission. The company is aiming to get licence to distribute power in areas exclusively served by the state-owned Mahadiscom in Mumbai's suburbs Mulund and Bhandup, and also Thane district, Navi Mumbai, Panvel, Kharghar, Taloja and Uran. The group, whose assets include the Adani Ports business, is also vying to distribute power to the country's largest container port JNPT located near Navi Mumbai. The application is the first such move by any player since the Electricity Act was amended to make it more open. The

Tata Projects consortium served termination notice over 'intolerable' delay

Move over 'inordinate delay' in executing crucial stretch of Western DFC

What the Dedicated Freight Corridor Corporation's new avatar will look like

Smaller, high-frequency routes, and possibly faster execution could be the focus

BEL, UK-based Smith Detection to build high-tech scanners within 3 years

Under the deal, BEL will handle front-end requirements in the market and support localisation of projects, while Smiths Detection will provide screening tech

DFCC pins hopes on new Maharashtra govt approval for stuck freight corridor

Previous government had banned earthwork for project, following an order by Pune Bench of NGT

India, Uzbekistan agree pilot trade shipment through Chabahar Port

The shipment is expected to be executed in the next 15-20 days, an official in the know of the matter said

JNPT to invest Rs 4,300 crore under the PM Gati Shakti project

The nation's largest container port JNPT on Friday said it will invest around Rs 4,300 crore under the PM Gati Shakti project to develop the second phase of the fourth terminal and an SEZ.

Container traffic at JNPT jumps 25.9% to 5.63 million TEUs in 2021

Container traffic at Jawaharlal Nehru Port Trust (JNPT) rose 25.86 per cent to 5.63 million TEUs (twenty-foot equivalent units) in the calendar year 2021

JNPT reports 40.4% growth in container traffic in H1 FY22

The country's premier container port JNPT has reported 40.40 per cent growth in container traffic at 2,703,051 TEUs in the first half of the fiscal, according to a release on Monday.

JNPT's cargo volumes reach pre-Covid levels in April-July period

Compared to 2020-21, when cargo volumes were at 11,92,165 twenty-foot equivalent units (TEUs), during April-July, the rise was around 50.8 per cent

JNPT's container cargo traffic rises 65.38% in May at 454,385 TEUs

Container cargo traffic at Jawaharlal Nehru Port Trust (JNPT) recorded a 65.38 per cent growth in May at 4,54,385 TEUs (twenty-foot equivalent units) over 2,74,755 TEUs in the same month last year

Higher realisations, market share gains drive Container Corporation stock

The resolution of land licence fee however remains the key trigger

JNPT, Deendayal ports offer cargo discounts to boost trade at Chabahar port

Chabahar Port lies outside the Persian Gulf and is easily accessed from India''s western coast, bypassing Pakistan

JNPT SEZ plans to attract Rs 4,000 cr investment, generate 72,600 jobs

The Jawaharlal Nehru Port Trust (JNPT), one of the 12 major ports in the country, plans to attract Rs 4,000 crore investments from public and private players for its special economic zone (SEZ)

JNPT says it is adhering to all green norms for Vadhavan port development

The country's leading container port JNPT on Saturday said it is adhering to the terms of reference issued by the Ministry of Environment, Forest & Climate Change for prior environmental clearance for development of Vadhavan port. The government had in February approved a proposal to set up a new major port at Vadhavan near Dahanu in Maharashtra at an investment of Rs 65,544 crore. The new port will be developed on a landlord model under a special purpose vehicle (SPV) with Jawaharlal Nehru Port Trust (JNPT) as the lead partner with equity participation equal to or more than 50 per cent to implement the project. Of this,Rs 16,140 crores will be implemented by the SPV in constructing basic infrastructure like breakwaters, rail line/yard and road connectivity, power and water line, internal roads and common amenities, as per JNPT. At present, JNPT and Maharashtra Maritime Board (MMB) are development partners for the prospective port with JNPT holding 74 per cent and MMB the ...

Leading container port JNPT's traffic declines over 16% in August

Leading container port JNPT on Friday reported 16.61 per cent drop in total traffic handled to 4.74 million tonnes in August, as against 5.68 million tonnes in the same month last year.

Cargo figures for few months cannot say Adani has overtaken JNPT: Sethi

We will revisit all the processes and facilities and the entire analysis will be done with a different lens hereon, said JNPT chairman