India: Gujarat Pipavav Port Reveals Expansion Plan

Gujarat Pipavav Port Reveals Expansion Plan

Gujarat Pipavav Port Ltd (GPPL) on Monday said it plans to invest Rs 1,097 crore on expansion of Pipavav Port in Gujarat and has also concluded a capital-raising exercise of Rs 350 crore through Qualified Institutions Placement (QIP) and a preferential issue to its promoter, mainly to prepay the existing loan, reports thehindubusinessline.

Promoter APM Terminals’ shareholding in the company will continue to be maintained at 43.01% after the capital raising, said GPPL.

We propose to increase capacity for container cargo to around 1.5 million TEUs and for bulk cargo to around 10 million tonne,” said managing director Prakash Tulsiani.

Plan implementation will help the Port to handle post-Panamax vessels, the plan, also, includes dredging, three new cranes, increasing yard capacity.

Dredging Today Staff, July 16, 2012; Image: pipavav

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3rd International Congress Hydraulic Engineering Structures and Dredging

Russia’s leading maritime industry Media Group PortNews (www.portnews.ru) holds a traditional annual Congress “Hydraulic Engineering Structures and Dredging” in Moscow. 

The two-day Congress includes the 7th International Forum of Dredging Companies and the 3rd Technical Conference “Modern Solutions for Hydraulic Engineering”.

Infrastructure development is among the real sources of Russia’s economy growth. Construction of port facilities and new hydraulic engineering structures on the country’s inland waterways constitute an essential part of all infrastructure projects. It is important to take into account the best international practices to implement these projects effectively.

The program of the Congress will be devoted to the latest technologies for dredging and hydraulic engineering works. Speakers and delegates will refer to real projects to discuss specifics features of dredging works, as well as dedicated fleet and equipment involved.

To learn more about event, please, contact the organizing committee: snitko@portnews.ru

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