FOUR MAJOR COS JOIN HANDS FOR GOPALPUR PORT PROJECT
Article Abstract:
Four Indian oil companies have decided to jointly promote the more than Rs3,000 crore Gopalpur port project. They will be promoting the project as user-promoters. The 4 companies are the Indian Oil Corporation (IOC), the Bharat Petroleum Corporation Limited (BPCL), the Steel Authority of India Limited (SAIL) and the Tata Iron & Steel Company (Tisco). The Government of Orissa will have a 7.5 percent stake in the project, SAIL 7.5 percent, Tisco 5 percent, International Ports Pte of Singapore more than 75 percent. While IOC has agreed to invest Rs100 crore as debt fund in the project, BPCL is guaranteeing the debt. IOC and BPCL plan to divert a part of its imports of crude and petroleum products to the Gopalpur port. (ag)
Comment:
Joins 3 other Indian companies in promoting the more than Rs3,000 crore Gopalpur port project
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1998
User Contributions:
Comment about this article or add new information about this topic:
PSA CORP BAGS TUTICORIN PORT TRUST CONTAINER TERMINAL ORDER
Article Abstract:
The Tuticorin Port Trust (TPT) has awarded the contract for developing a cargo berth as a container terminal at Tuticorin to PSA Corporation Ltd (PSA). PSA will be handling the terminal on the build, operate and transfer (BOT) basis for 30 years. It will also be installing container handling equipment worth Rs90 crore to Rs100 crore. The terminal will commence operations by 1999. PSA has guaranteed to handle 300,000 twenty equity units (TEUs) after five years of operations. Every year PAS will be paying a royalty to TPT. (ag)
Comment:
Awarded by Tuticorin Port Trust a build-operate-transfer contract for a cargo berth at Tuticorin
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1998
User Contributions:
Comment about this article or add new information about this topic:
- Abstracts: MUMBAI PORT TRUST: GEARING UP FOR THE CHALLENGE AHEAD TUTICORIN PORT TRUST: PROSPEROUS FUTURE
- Abstracts: REAL ESTATE - VISAKHAPATNAM: TOWARDS A HOPEFUL FUTURE. PORT PROJECTS WORTH Rs6,600 CR CLEARED WISL PLANS TO EXPAND DRY DOCK FACILITIES IN GOA
- Abstracts: VBC MAY SIGN PPA FOR POWER PROJECT SIPTECH, KKL IN CONTRACT FOR CREATING DATABASE KAKINADA POWER PROJECT