India: Dhamra Port Expansion Halted
Odisha Government halted the Port of Dhamra expansion project, according to portstrategy.com.
The Government said in its official statement: “Allotment of additional land to DPCL for second phase development at this stage does not appear tenable.”
The main reason for this move is the speculation that Larsen and Toubro Ltd (L&T) is planning to sell its share in Dhamra Port Company Ltd (DPCL).
The Dhamra Port is a joint-venture between Larsen and Toubro (L&T) and Tata Steel. It commenced commercial operation on May 6, 2011.
In the first phase the port has built two fully mechanised berths with a capacity of nearly 20 million tonnes per annum.
Dredging Today Staff, November 13, 2012