Search results for: India

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  • 21 March 2013

    Kandla and Paradip ports are in negotiations with the Shipping Corporation of India (SCI) and Dredging Corporation of India (DCI) to develop a new dredging strategy, reports thehindubusinessline.com. This new plan will include the new joint ventures between the mentioned sides and also doing business together in the dredging sector. Regarding this very important plan, […]

  • 1 October 2012
    Business & Finance

    Eredene Capital PLC, the AIM quoted investor in Indian infrastructure, announces that Bay of Bengal Gateway Terminal Private Limited (“BoB”), has withdrawn from the Ennore Project with immediate effect. Eredene and its consortium partners, who are shareholders in BoB, were unanimous in their decision to withdraw from the Ennore Project. Eredene has a 22% shareholding […]

  • 16 February 2015
    Business & Finance

    BAM Infraconsult bv has signed a license agreement with Adani Ports and Special Economic Zone for the application of Xbloc breakwater armour units in the Mundra LNG project. The LNG import terminal will be built on a reclaimed land, located in the Gulf of Kutch in the Northwestern Indian state Gujarat, which will be protected […]

  • 21 July 2016
    Business & Finance, Vessels

    The Cabinet Committee on Economic Affairs, chaired by the Prime Minister Shri Narendra Modi, has given its approval for construction of a new dry dock within the existing premises of Cochin Shipyard Limited (CSL). The main objective of this plan is to strengthen the CSL’s shipbuilding/ship repair capacity essentially required to tap the market potential […]

  • 14 February 2019
    Business & Finance

    Mercator, one of India’s diversified conglomerates with interests in coal, oil and gas, shipping and dredging, yesterday released the Standalone and Consolidated Unaudited Financial Results and Limited Review Report for the quarter/nine months ended December 31, 2018. At their yesterday’s meeting, the company’s Board of Directors has accorded its in-principle approval for conversion of loan and […]

  • 23 January 2015
    Business & Finance

    Indian government plans to sell a 5% stake in state-run Dredging Corporation of India Ltd (DCI), the country’s largest dredging company. This move is part of the central government’s efforts to raise revenue as it scrambles to meet part of a near $10 billion share sale target by 31 March, when the current fiscal year […]

  • 24 October 2013
    Business & Finance

    Dredging Corporation of India Limited (DCI) has paid Rs. 4.40 crore to the Union Government towards dividend for 2012-13. The dividend cheque was handed over to Hon’ble Minister of Shipping, Thiru G.K.Vasan by Capt.D.K.Mohanty, CMD of the Company. Dr.Vishwapati Trivedi, IAS, Secretary (Shipping), Shri M.C.Jauhari, IAS, Joint Secretary (Shipping), Cmde.P.Jayapal, Director (Operations and Technical), DCI […]

  • 26 September 2013
    Business & Finance, Equipment, Technology, Vessels

    The 37th Annual General Meeting of the shareholders of Dredging Corporation of India Limited was held today in Siri Fort Cultural Complex, August Kranti Marg, New Delhi. “The first and second of the three state of the art trailer suction hopper dredgers of 5500 Cu.M hopper capacity each ordered have been delivered and joined the […]

  • 30 March 2015
    Equipment, Technology, Vessels

    Tebma Shipyards, a Chennai based shipbuilding company, has announced that their latest dredger built for the Indian Navy is ready for commissioning. The vessel, being a self propelled grab hopper dredger, has the capacity to hold 300 cubic meters of dredged material and openable hopper bottom doors for disposal out at sea. The vessel was constructed at Tebma’s facility in Malpe, Karnataka, […]

  • 20 December 2018
    Business & Finance

    Dredging work to increase the depth of riverbed for the ambitious inland waterways project connecting Gomati river with Bangladesh’s Ashuganj is set to begin next month, reports the Tripurainfo. According to an official release, this decision was taken at a meeting between Union Minister of Shipping Nitin Gadkari and Chief Minister Biplab Kumra Deb in Delhi […]

  • 13 October 2011
    Business & Finance

    ADPC signed a contract agreement with Fujitsu for continuous Support and Implementation of the new modules in Oracle ERP (Enterprise Resource Management) system. The contract was singed at the annual GITEX exhibition in Dubai by Tony Douglas, CEO of ADPC and Rajeev Gupta, President of Fujitsu Consulting India Pvt. Ltd. Commenting on the signing, Dr. […]

  • 18 July 2017
    Business & Finance, Equipment, Technology, Vessels

    ECTMarine, a Dutch supplier of dredging components, services and design, has won a tender in combination with Goa based Timblo Shipyards, India, for the delivery of a cutter suction dredger (CSD) for an Indian government agency. Under the agreement, ECTMarine will supply the D&E Package (Design and Equipment) for this project. The D&E package consists […]

  • 9 August 2019
    Business & Finance

    The International Association of Dredging Companies (IADC) has confirmed Mr. Rabindra Kumar Agarwal, Joint Secretary of the Ministry of Shipping, to be a keynote speaker at their Dredging for Sustainable Infrastructure Conference which will be held on 18 October 2019 in New Delhi, India. At the event, Mr. Agarwal will address the economic developments in […]

  • 31 March 2010

    After having established his group as the largest private port (Mundra Port and SEZ Ltd) on the west coast of India, Gautam Adani, chairman, Adani group, is on the verge of setting up a very large all-weather, deep-water port (possibly the largest private port) on the eastern coast of the country as well. [mappress] Source:dna,March […]

  • 2 February 2010
    Project & Tenders

    Kolkata: Dredging Corp of India (DCI) wants to pull out from dredging the riverine channels of Kolkata Port Trust (KoPT), although the ministry wants to prevent it from doing so. While the finance ministry has not disbursed the previous arrears of dredging subsidy, which adds up to Rs 550 crore… [mappress] Source: The Financial Express, […]

  • 29 October 2014
    Business & Finance

    India Ratings & Research (Ind-Ra) has assigned Dredging Corporation of India Limited (DCI) a Long-Term Issuer Rating of ‘IND AA’ with Stable Outlook. The rating reflects DCI’s moderate to strong operational linkages with the government of India (GoI; 78.56% shareholder) and strong market position in the domestic dredging market. DCI’s ownership by GoI has facilitated […]

  • 16 December 2015
    Business & Finance

    The Union Cabinet, chaired by the Prime Minister Shri Narendra Modi, has given its approval for signing of a Memorandum of Understanding (MoU) between India and Spain on cooperation in the field of port development, according to the Press Information Bureau of India. Recognizing the significant mutual benefit that can be derived from cooperation in the […]

  • 13 December 2018
    Business & Finance

    The Asian Development Bank (ADB) and the Government of India signed a $60 Million Loan Agreement today in New Delhi to continue financing riverbank protection works, renovation of flood embankments, and community-based flood risk management activities in critically flood-prone areas along the Brahmaputra River in Assam. The Tranche 2 loan is part of the $120 […]

  • 6 February 2020
    Business & Finance

    Dredging Corporation of India Ltd (DCI) has won a Naval Dockyard’s (Mumbai) contract for dredging work at the naval sites in Mumbai area.   The project involves a one year maintenance dredging program at a cost of $9.3 million. The contract agreement between DCI and Indian Navy was signed yesterday. Under the project schedule, DCI plans […]

  • 19 January 2012

    The Indian tonnage as part of global shipping stood at 10 million GT about a year ago. The Indian tonnage has recently crossed the 11 million GT mark. This was stated by Shri G.K. Vasan, Union Minister of Shipping while inaugurating India Maritime Week in New Delhi today. Shri Vasan said that last year, in […]

  • 5 August 2013

    A $500 million Colombo South Harbour will open today. The massive terminal in Colombo is located mid-way on the lucrative east-west sea route and has facilities on a par with Singapore and Dubai. The Colombo International Container Terminal (CICT), which is 85 percent, owned by the state-run China Merchant Holdings International, is designed to handle […]

  • 16 January 2014
    Business & Finance, Equipment, Technology

    The Union Government today unveiled new policy guidelines for major ports, aimed at helping them leverage their land resources for commercial advantage. Participating in the ‘Ports in India’ annual conference in Mumbai, Shipping Secretary Vishwapati Trivedi said the new guidelines provide necessary regulatory framework for land allotment by major ports. Mr.Trivedi said these guidelines have […]

  • 16 May 2014
    Business & Finance, Equipment, Technology

    Adani Ports & SEZ Ltd, India’s largest port developer and part of Adani Group, announced the financial results for the fourth quarter and year ended March 31, 2014. Consolidated total income for the year FY14 increased by 43% to Rs 5,508 crore compared to Rs 3,841 crore in the last year. The consolidated EBIDTA increased […]

  • 7 December 2015
    Business & Finance

    The 13th Annual Conference on Ports in India, named ‘New Initiatives and Opportunities’, will take place on January 18-19, 2016, at the Leela, Mumbai. The mission of this conference is to highlight the new and emerging opportunities in the Indian port sector, examine the key challenges and discuss the appropriate strategies. The conference will also showcase noteworthy […]

  • 18 January 2010
    Project & Tenders

    New Delhi, Jan 17 — The government will open bids next week for developing Myanmar”s Sittwe port, which is being fully set up by India, for boosting open trade with ASEAN nations at an estimated cost of Rs 500 crore. “We will open the bids on January 18 for dredging and setting up port facilities. […]

  • 20 September 2010

    The construction of a 1380-metre long jetty, with 25-metre deep foundations, in the port of Sohar is on schedule. From the first quarter of next year, the structure will have to accommodate the next generation of ‘Very Large Ore Carriers’ (400,000 dwt). The Port of Rotterdam Authority is sharing in the construction costs, by contributing […]