New liquid cargo jetty at JNPT to enhance capacity by 4 MTPA

Union Minister of State for Shipping Mansukh Mandaviya last week laid the foundation stone for an additional Liquid Cargo Jetty at Jawaharlal Nehru Port Trust (JNPT). The total project cost for is over Rs 300 crore and it is expected to significantly increase the capacity of the port in handling liquid cargo like POL, LPG, edible oil, molasses, chemicals etc. “There is an increased domestic and industrial demand for liquid commodities like LPG etc in the country, with PM’s plans to reach gas stoves to every home.  The present liquid…

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Tata companies partnership to install charging stations at a rapid pace

Tata Power and Tata Motors recently announced their partnership to install 300  fast charging stations for electric vehicles by the end of the FY20, across key five cities namely Mumbai, Delhi, Pune, Bangalore and Hyderabad. Over the next two months, 45 more chargers will be installed across the other four cities. These chargers will be installed at Tata Motors dealerships, certain Tata Group retail outlets and other public locations. The chargers will be operated by Tata Power and will adhere to Bharat Standard (15 kW) for the initial 50 chargers.…

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FM Logistics to kickstart multi client facility project near Gurgaon

French  firm FM Logistics, which is seeking to expand its footprint in India, will soon kickstart the construction of a major multi-client facility near Gurgaon as its larger plans to position itself at critical geographical locations. This would be in addition to one such unit which exists in Bilaspur (near Gurugram).  For the new site, the company has acquired 31 acres of land in Jhajjar. With the help of its real estate sister company NG Concept, construction of the MCF is expected to start in the coming months. The Jhajjar…

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NHAI to open more Toll-Operate-Transfer projects for private investment

National Highways Authority of India (NHAI) organised a road show for the third phase of Toll-Operate-Transfer project for prospective bidders in New Delhi early this month. Speaking on the occasion, Chairman of NHAI Narendra Nath Sinha said several more bundles will be offered in the months to come. He called upon the private investors to bid for these bundles, saying TOT is a risk-free model. The TOT bundle 3 comprises of nine stretches traversing a total length of approx. 566 kms in UP, Bihar, Jharkhand and Tamil Nadu. Stretch 1…

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Major capacity expansion underway at Mumbai Port, JNPT

There would be a significant addition in the traffic handling capacity of Mumbai Port and JNPT in the coming years. In a written reply to a question in Rajya Sabha recently, the Minister of State for Shipping (I/C) Mansukh Mandaviya informed that several projects are currently underway at these two ports which will give a boost to their current capacity – 78.4 million tonnes for Mumbai and 118.3 million tonnes for JNPT.   Sharing the details, the minister pointed out at 5 MTPA re-gasification unit set up at Mumbai Port. Furthermore,…

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CONCOR- BHEL come together to set up multi-modal logistics unit

In a significant recent development, two major PSUs – Container Corporation of India (CONCOR) and Bharat Heavy Electricals Limited (BHEL) – signed MoU to jointly set up a rail based logistics terminal at Haridwar.  As part of the agreement, a joint working group BHELCON will be formed with equal financial participation by CONCOR and BHEL. The deal marks BHEL’s entry into a new strategic area.  “Besides meeting BHEL’s own requirements, this terminal would cater to the large number of industries located at neighbouring SIIDCUL as well as other nearby industrial…

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NHAI commences Rs.75,000 crore market borrowing programme

While addressing a seminar organised by PHDCCI in Delhi recently, Nagendra Nath Sinha ,Chairman, National Highways Authority of India (NHAI), indicated that the Authority is working towards raising Rs.75,000 crore through market borrowing channels this year to support the projects of roads and highways.  Sinha spelt out an indicative plan hinting funds to be raised through multiple channels including LIC, debt funds, pension funds and sovereign funds. He also mentioned that the Authority will look at sourcing funds from Infrastructure Investment Trusts, national Investment and Infrastructure Fund and even Special…

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Major emphasis on transport infra development

In her maiden budget, Union Finance Minister Nirmala Sitharaman has provisioned for a modest hike in allocation for transport sector. Allocation this time has been enhanced to Rs 83,000 crore as against Rs 78,626 crore last year. The Finance Minister has announced a major restructuring of National Highway Programme to ensure that the National Highway Grid of desirable length and capacity is created using financeable model. After completing the Phase-1 of Bharatmala, states will be helped to develop State road networks in the second phase. The government has also raised…

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Major infrastructure rejig around emerging manufacturing zone in Odisha

In a written reply in the Rajya Sabha last week, the Minister of Commerce and Industry, Piyush Goyal, apprised the members of major infrastructure development happening around Kalinganagar, Odisha which is coming up as an National Investment and Manufacturing Zone (NIMZ). On the road infrastructure side, the Paradip-Kalinganagar section is being upgraded from 2-lane carriageway to 6-lane carriageway of NH-200 between Chandikhole to KNIMZ and 4-lane carriageway to 6-lane carriageway of NH-5A between Chandikhole to Paradip Port. For the improved rail connectivity to the upcoming manufacturing zone, a Broad Gauge…

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Demand outgrows grade-A warehouse supply

According to a recently released report by real estate consultancy firm JLL India, for the first time in the last four years, the demand for A-grade warehousing in the country has exceeded the actual supply on the ground. The agency has noticed this change in the first quarter of 2019. While emphasizing that the regulatory changes like the implementation of GST and infrastructure sector status is changing the fortune of warehousing industry, the report by JLL India maintained that the annual demand of around 32 million sq ft has outstripped…

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