daily menu » rate the banner | guess the city | one on one

Go Back   SkyscraperCity > Asian Forums > India > South > South India Projects > Tamil Nadu


Reply

 
Thread Tools Rate Thread Display Modes
Old April 4th, 2012, 05:01 AM   #261
joefernando
Registered User
 
joefernando's Avatar
 
Join Date: May 2011
Location: tuticorin
Posts: 2,793
Likes (Received): 61

cross posting from tamilnadu projects thread, originally posted by madurakarenda

Quote:
Originally Posted by madurakarenda View Post
World’s third largest tractor manufacturer Tractor and Farm Equipment Ltd (TAFE) plans to set up a greenfield facility in Tamil Nadu to manufacture tractors. The plan comes against the backdrop of the high demand and all the company’s plants operating at full capacity.

TAFE’s Chairman and CEO Mallika Srinivasan said, we will invest around Rs 100 crore on a new plant with an annual capacity of 60,000 units in Madurai. All our plants are operating at full capacity and we expect demand for our products to outpace industry growth.

The company will also set up an agricultural implements plant for an outlay of Rs 30 crore and a similar amount will be spent on carrying out value addition at our Turkish plant, added R C Banka, president, TAFE. Presently, the company has a capacity of around 180,000 units per annum (600 units per day) and the new plant at Madurai is needed to meet the projected increase in demand. Post expansion, TAFE’s annual capacity will be 250,000 units.

Last fiscal, TAFE sold 148,112 units, including TAFE’s Massey Fergusson (MF) and Eicher brands of tractors. It included export of 20,396 units.

Presently, the company exports to 73 countries and its export revenues are around Rs 1,200 crore.

On the company’s performance, she said, in the first half of the year the industry grew around 19 per cent, while TAFE grew at 26.9 per cent. From November onwards, the industry showed a downward trend while TAFE continued see growth. “Nearly 68 per cent of our sales come from products launched during the last three years. We expanded the Eicher range of tractors. It was known as a small horse power (hp) player and now it has tractors up to 50 hp,” she added.

The company is planning to launch a new 55 hp model this month. “We are cautiously optimistic about the tractor industry’s growth. The short term outlook is caution while the medium To long term outlook is optimistic. As far as TAFE is concerned, we are bullish about our prospects,” she said

Going forward, the company will enter soil preparation, harvesting and post harvesting agricultural implements segment, added Banka. To a question on harmonisation of components between its three brands — TAFE, Massey Ferguson and Eicher — to cut costs, Srinivasan said each model has its own USP and that cannot be compromised to achieve advantages of common components.

TAFE is also participating in the development of the Centurion family of tractors (50-125 hp) along with the AGCO Corporation.

“We will make the tractors in India and ship them out during the second calendar quarter of 2013,” she said.

TAFE reported a 30.4 per cent growth in consolidated revenues from Rs 6,149 crore in 2010-11 to Rs 8,020 crore during year-ended March 31, 2012.

Overall, tractor sales increased 26.6 per cent at 148,112 tractors as against an estimated industry sale of 607,213 tractors.


http://www.business-standard.com/ind...cility/469977/

joefernando no está en línea   Reply With Quote

Sponsored Links
 
Old April 10th, 2012, 04:00 AM   #262
joefernando
Registered User
 
joefernando's Avatar
 
Join Date: May 2011
Location: tuticorin
Posts: 2,793
Likes (Received): 61

BHEL 'willing' to continue with Tamil Nadu on Udangudi JV

Energy-related engineering and manufacturing enterprise Bharat Heavy Electricals Ltd (BHEL) has approached the Tamil Nadu government to reconsider its decision on cancelling a joint venture (JV) for the Rs 8000-crore Udangudi power project in downstate Tuticorin.


"We have written to the state government that we have enhanced our capacity to 20,000 Mw. So, considering our order-book size, we can complete the project within the set target of December 2015 if the job is given to us," said A K Ghosh, chief executive officer of the state-owned BHEL's power sector (southern region), called PSSR. He was speaking to reporters after announcing the performance results for PSSR, which handles the erection, commissioning and servicing of the 1953-founded company's power projects in southern part of the country.

In February this year, Tamil Nadu had announced its decision to dissolve the JV it had with Bhel to set up the 1600-Mw Udangudi power project.
This, Chief Minister J Jayalalithaa said, was considering a lack of progress in the project after the signing of the memorandum of understanding for the project way back in 2007.

BHEL's Ghosh now says the project has been delaying since the Union environment ministry was not giving its nod, stating that a long-term coal linkage was not available for the project. Further, the government, he claims, is "not cooperating", expect for allocating its share of Rs 32.5 crore towards its stake in the project.

"If the government goes ahead with another partner, it would take some months to complete negotiations and finalise the new partner," Ghosh says. "Whereas, if we take up the project, we will meet the target of commissioning the project in December 2015."

With the project now delayed by four years, the government decided that TNEB, the state electricity board, would go ahead with the project on its own. It will also get a mega-power status, since it will be implemented by TNEB on its own. What's more, it will get tax incentives, thus helping to bring down the project cost.

As per the MoU, TNEB and Bhel will hold 26 per cent each in the company, while the remaining 48 per cent will be held by the private partner and a financial institution that are supporting the project. However, till May 2011, none of the private player had picked up the stake, said Jayalalithaa in February this year.

Projects in the pipeline

BHEL PSSR is expected to commission around 4,250 Mw, in through various projects, in the next six to eight months — all of them in Tamil Nadu.

These comprise a 2x500-Mw thermal project for NTECL in Vallur, 2x250-Mw thermal project for Neyveli Lignite Corporation in Neyveli, 2x600-Mw thermal project for TNEB in North Chennai, 1,000 MW of nuclear project for NPCIL in Kudankulam and a 500-Mw thermal project in Tuticorin.

It has posted a turnover of Rs 1200 crore for the fiscal year 2011-12, a 17.17 per cent drop from the last years' Rs 1449.12 crore turn over.

It has also reported a loss before tax of Rs 33.60 crore as against the profit before tax of Rs 99.47 crore posted during the same period of previous fiscal year.

The turnover target was around Rs 1500 crore. Some strategic realignment of projects, which resulted in transfer of around two projects of PSSR to the Eastern Region unit, thus reducing the turnover and profit before tax, said a higher official from PSSR.

Besides, the material cost including steel has seen a 2.5 per cent increase, which also affected the profit badly.

The unit is expecting around Rs 1850 crore turnover this year, with the order book position and the upcoming projects, said the official. PSSR has ongoing projects to the total size of 22,596 MW, at present.

http://business-standard.com/india/n...udi-jv/470637/
joefernando no está en línea   Reply With Quote
Old April 13th, 2012, 06:37 AM   #263
joefernando
Registered User
 
joefernando's Avatar
 
Join Date: May 2011
Location: tuticorin
Posts: 2,793
Likes (Received): 61

NLC to buy equipment from foreign suppliers


Management planning to acquire coal fields in foreign countries such as Australia, South Africa

For expediting the implementation of the ongoing power projects and those in the pipeline the Neyveli Lignite Corporation, a Navratna company, has proposed to procure equipment from foreign suppliers and indigenous companies that would obtain the materials from abroad, said A.R.Ansari, Chairman-cum-Managing Director, NLC.

Addressing a press conference here on Thursday, Mr. Ansari said the NLC had thought of engaging alternative equipment suppliers because it was facing constraints in procuring boilers and turbines.

If the delay in delivery was six–eight months, it was manageable but if it was more than two–three years behind schedule it would create problems. In such an eventuality there should be penal clauses holding both the “suppliers and owners” accountable, said Mr Ansari.

Asked what would be the preferred sources for equipment supply, the Chairman said it could be Russia, Italy and a consortium of companies. Foreign companies or the consortium of companies would fabricate, erect and commission the project on a turn-key basis.

About the status of the ongoing power project, Mr. Asnari said Unit-I (250 MW) of the Thermal Power Station-II Expansion in Neyveli would begin commercial production by June 2012.

The work on the erection of the second unit was in full swing. The 1,000-MW Tuticorin power project, a joint venture of the NLC and the Tamil Nadu Generation and Production Corporation, was expected to commissionin 2013.

The Centre had also sanctioned 1,000-MW New Thermal Power Project at Neyveli to be set up at a cost of Rs. 5,907.11 crore and it was scheduled to commissionin another 54 months.

When pointed out that for tiding over the present power crisis the people of Tamil Nadu were looking to the NLC, Mr. Ansari said the company was always giving priority to the State because it had helped in solving many problems.

For instance, the NLC proposed to set up wind and solar power projects to generate 75 MW by this year-end and the entire power could be allotted to Tamil Nadu. However, he pleaded his inability to apportion additional power to Tamil Nadu from NLC units , as power sharing was governed by the “Gadgil formula” and it was up to the Union Power Ministry to decide on this factor. As for the Jayamkondam project, Mr. Ansari said though the place had rich lignite reserves to run 2,000-MW to 2,500-MW power plant, land acquisition was posing a problem because of the dense population and that too many educational institutions were sitting over the lignite deposit.

‘MAHA RATNA' STATUS

Mr. Ansari said the NLC had set its vision to attain ‘Maha Ratna' status by 2030 and for which it had to augment its mining and generation capacity.

Therefore, the NLC was set to acquire coal fields in foreign countries such as Australia and South Africa.

The NLC would not go for exploration and setting up of new mines because it would be a time-consuming affair. Therefore, it would look for functional mines and soon an official team would tour the countries to identify the foreign coal fields.

thehindu.com
joefernando no está en línea   Reply With Quote
Old April 13th, 2012, 09:33 AM   #264
joefernando
Registered User
 
joefernando's Avatar
 
Join Date: May 2011
Location: tuticorin
Posts: 2,793
Likes (Received): 61

Hanakon plant shifted to Tuticorin

It is a victory for people of Uttara Kannada district

The proposed 450-MW coal-based Hanakon thermal power project in Karwar has been shifted to Tuticorin in Tamil Nadu by the Hyderabad-based Ind Bharat Power (Karwar) Ltd.

The project, had become a rallying point for a people’s movement comprising villagers, fisherfolk and environmentalists, all of whom had strongly objected to the setting up of a power plant in an ecologically sensitive zone. The Hanakon Ushna Sthavara Virodhi Horata Samiti protested tooth and nail against it being established in Hanakon.

Speaking at a press meet here on Saturday company’s Executive Director A N Vasu Rao said, “The thermal power plant at Hanakon has been shifted due to strong public protest and considering the delicate environment issues. Now, the project it be established to Tuticorin in Tamil Nadu.”

Instead of the project medical college, hi-tech hospitals and resorts which are environment friendly ventures will be taken up in the region. There is also an ample opportunity to establish a software park here,” he said.

No false reports submitted

Clarifying certain allegations against the company he said, “We had not submitted any false records to obtain permission for the setting up of the thermal plant. We had requested relevant departments for permission and they in turn had sent the reports to the government. The company has not submitted any report to the government on its own accord. Moreover, no civil works have been taken up in Hanakon,” he added.

Hanakon Ushna Sthavara Virodhi Horata Samiti legal advisor K R Desai said, “It is a historic day to the people of Uttara Kannada district. We are not against development but are opposed to any project that is harmful to the environment in the district. Let IBPL establish environment-friendly ventures here.” All cases except those of atrocities in Hanakon will be withdrawn, he added.

http://www.deccanherald.com/content/...er-300x250.swf
joefernando no está en línea   Reply With Quote
Old April 13th, 2012, 11:15 AM   #265
madurakarenda
Hyperactive User
 
madurakarenda's Avatar
 
Join Date: Jul 2011
Location: Madurai and TN
Posts: 6,241
Likes (Received): 131

WoW!! Power projects gets hijacked to Tuti unknowingly
madurakarenda no está en línea   Reply With Quote
Old April 16th, 2012, 01:06 PM   #266
joefernando
Registered User
 
joefernando's Avatar
 
Join Date: May 2011
Location: tuticorin
Posts: 2,793
Likes (Received): 61

tuticorin NLC plant boiler



from fb (photo taken by dolphintuti sir)
joefernando no está en línea   Reply With Quote
Old April 16th, 2012, 01:22 PM   #267
joefernando
Registered User
 
joefernando's Avatar
 
Join Date: May 2011
Location: tuticorin
Posts: 2,793
Likes (Received): 61

No Power for NLC to Apportion Additional Power to TN

Neyveli Lignite Corporation has no power to apportion additional power to Tamil Nadu from its units as originally agreed to as power sharing is governed by the 'Gadgil formula', a top NLC official said here today

"NLC has no power to apportion additional power to Tamil Nadu from its units, as power sharing is governed by the Gadgil formula. It is upto the power ministry to decide on this factor,"NLC chairman A R Ansari said in a statement here.

Under the Gadgil formula, the state is entitled to 220 MW from 500 MW produced by NLC. This quantity cannot be given now, he said.

Ansari said current delays in execution of power projects is due to failure of equipment suppliers. To quicken the process, NLC proposed to procure equipment from foreign suppliers and indigenous firms, he said.

He said commercial generation of power from the second thermal unit would begin by June 2012.

The Rs 4,910 crore 1000 MW Tuticorin Power Project, a Joint Venture of NLC and Tamil Nadu Generation And Production Corporation is expected to be commissioned in 2013. The project is behind schedule by six months.

He said the Jayamkondam Project had been dropped as land acquisition was posing a problem, though the area had rich Lignite reserves.

The Centre had also sanctioned 1000 MW new thermal power project to replace the existing first thermal unit (TPS-1) 600 MW at an estimated cost Rs 5,907.11 crore. This is scheduled to be commissioned in 54 months, he said.

Ansari said NLC has decided to acquire functional coalfields in countries like Australia and South Africa and added that an official team would soon leave for these countries to inspect them.
FILED ON: APR 16, 2012 15:28 IST

http://news.outlookindia.com/items.aspx?artid=759802
joefernando no está en línea   Reply With Quote
Old April 16th, 2012, 01:37 PM   #268
joefernando
Registered User
 
joefernando's Avatar
 
Join Date: May 2011
Location: tuticorin
Posts: 2,793
Likes (Received): 61

tuticorin heavy water plant.

joefernando no está en línea   Reply With Quote
Old April 20th, 2012, 07:13 AM   #269
madurakarenda
Hyperactive User
 
madurakarenda's Avatar
 
Join Date: Jul 2011
Location: Madurai and TN
Posts: 6,241
Likes (Received): 131

Quote:
Originally Posted by Britboy View Post
MK
This could be the unit situated at the deep end of the road opposite to KLFR MILLS.
You can just about see it from the Highway.

Guys living locally might be able to explore better
Thanks britboy
madurakarenda no está en línea   Reply With Quote
Old April 22nd, 2012, 03:46 PM   #270
georgeraja
Registered User
 
georgeraja's Avatar
 
Join Date: Feb 2011
Posts: 102
Likes (Received): 0

Tirunelveli - Tuti highway

Does anyone know if it's on schedule?
As per NHAI it's to be completed by April.
http://nhai.org/portconnectivity.asp
If possible can someone please post couple of photos?
georgeraja no está en línea   Reply With Quote
Old April 22nd, 2012, 04:00 PM   #271
madurakarenda
Hyperactive User
 
madurakarenda's Avatar
 
Join Date: Jul 2011
Location: Madurai and TN
Posts: 6,241
Likes (Received): 131

Here are some pics :

http://www.skyscrapercity.com/showpo...postcount=3930

Posted by Dolphinstuti
madurakarenda no está en línea   Reply With Quote
Old April 22nd, 2012, 09:18 PM   #272
georgeraja
Registered User
 
georgeraja's Avatar
 
Join Date: Feb 2011
Posts: 102
Likes (Received): 0

Quote:
Originally Posted by madurakarenda View Post
Here are some pics :

http://www.skyscrapercity.com/showpo...postcount=3930

Posted by Dolphinstuti
Thanks MK!
Apart from this bridge is it almost completed on the rest of the 47km stretch?
Aren't they supposed to complete these projects on time or pay a hefty fine?
It's almost 8 years with contractors changing couple of times.

And also looking forward to the development of the airport in a fast pace.

As of now they need night landing facility.

Last edited by georgeraja; April 22nd, 2012 at 09:23 PM.
georgeraja no está en línea   Reply With Quote
Old April 23rd, 2012, 04:44 AM   #273
joefernando
Registered User
 
joefernando's Avatar
 
Join Date: May 2011
Location: tuticorin
Posts: 2,793
Likes (Received): 61

Indonesia keen to sign sister-state pact with Tamil Nadu


Indonesia is interested in signing a sister-state agreement with the Tamil Nadu Government, Ambassador, Andi M. Ghalib, said on Sunday.

Talking to reporters, he said that he had planned to meet Governor and Chief Minister, expressing his country's desire to sign the sister-state agreement and explore the business and investment potential with regard to coal mining and other sectors. He would visit a coal-fired thermal power plant of Coastal Energen, the Indian arm of Coal and Oil group of Dubai, being set up in Tuticorin.

Mr. Ghalib, who is on a visit to the City, said “Tamil Nadu is very important to us. We are going to upgrade our office of Honorary Consul in Chennai into the Consulate General. We have formally sent a proposal to our government. It will be managed by eight officials.”

Tourism was also accorded highest priority in investment and business promotion. Last year, 1.80 lakh Indians visited Indonesia and it was likely to go up to 2.40 lakh this year.

Garuda would start operating direct flights from Jakarta to four Indian metros. Perhaps, the maiden flight would be to Chennai, he said.

Mentioning that the bilateral trade between the two countries have been on the upswing, he said a 50- member-strong business delegation from various parts of India would be taken to Indonesia, beginning from May 6-13. The delegation would be appraised of the scope for investment in the areas of agriculture, rubber, mining, coal, textiles, defence and information technology

According to Mr. Ghalib, the bilateral trade between the two countries touched $20 billion last month and it was growing. In January 2011 when Indonesian President Susilo Bambang Yudhoyono visited India, he and Prime Minister Manmohan Singh agreed to increase the volume of bilateral trade to $ 25 billion by 2015. But, in view of the spurt in trade volume, the target was now revised to $ 45 billion.

“My visit here is to explain the big opportunities available to Indian businessmen in Indonesia,” he said.

During the visit of Mr. Yudhoyono, 32 Memorandum of Understandings (MoUs) were signed, covering (Government to Government, Government to Business and Business to Business).

“If all the MoUs are implemented, it would generate additional revenue of $16 billion to our bilateral trade,” he said.

To questions on the levy of high tax rates on the coal export, the envoy said he did not receive any adverse feedback from the Indian business community. The levy did not have any impact on the trade volume.

He explained that originally, the prices of coal in his country were the lowest and the taxes were levied to make them on par with international prices.

Leonard F. Hutabarat, Indonesian Counsellor, said that the two-way trade was heavily loaded in favour of Indonesia, with the former doing a business of $11 billion and India about $9 billion. Indonesia supplied coal, wood, rubber and palm oil among other things.

India exported machinery, electronics and textiles.

http://www.thehindu.com/news/states/...cle3342963.ece
joefernando no está en línea   Reply With Quote
Old April 23rd, 2012, 02:49 PM   #274
joefernando
Registered User
 
joefernando's Avatar
 
Join Date: May 2011
Location: tuticorin
Posts: 2,793
Likes (Received): 61

Towards hub status



JNPT is India’s star performer. Credit - Vineet Radhakrishnan
South Asia is facing up to the challenge of becoming a serious link in the East-West container trades, writes Dave MacIntyre

The dynamics of business growth in South Asia has fuelled tremendous growth in container traffic in the past few years.

The Indian Ports Association, an apex body of the major ports of India, reports that traffic through its ports increased to 569.9m tonnes while container throughput increased to 7.5m teu, an increase of 9.37% over the previous year.

“Major Ports” fall under the jurisdiction of the Indian Government and are governed by the Major Port Trusts Act of 1963. Ennore is the only exception, coming under the administration of the provisions of the Companies Act, 1956. There are however suggestions the ports will be corporatised, giving them operational and financial autonomy and leading to efficiency gains.

India's Major Ports handle around 67% of the nation's total cargo, with JNPT (India's largest container terminal located on the west coast) recording double-digit growth for several years. Other ports with high growth have been Paradip on the east coast and Mormugao on the west, both predominantly handling bulk cargo.

India's Minister of Shipping G K Vasan has announced ambitious plans for port growth, aiming to augment port capacity to 3.2bn tonnes by 2020, from the approximately 1bn tonnes now in the 13 main ports (Mumbai, Jawaharlal Nehru Port Trust, Kolkata, Chennai, Visakhapatnam, Cochin, Paradip, New Mangalore, Marmagao, Ennore, Tuticorin, Kandla and Port Blair).

Shri Vasan has written to all the governments of coastal states Odisha, Andhra Pradesh, Tamil Nadu, Karnataka and Kerala to identify and provide land for setting up a new major port or shipbuilding yard. The number of ports to be set up, timelines and the estimated investment will depend on the response received from the coastal states.

Now, most Indian container terminals are unable to reach the productivity levels of overseas ports, prompting the belief that new transhipment hubs are needed, possibly one each on the east and west coasts.

A study by the Indian Institute of Management Ahmedabad suggests that it is important to focus on a few ports on both the coasts with deep draft, key requirements being strategic location, potential to reduce total transport costs using “hub and spoke” arrangement, less need for dredging and the ability to receive larger vessels.

Currently, much of the country's container traffic goes through Colombo in Sri Lanka, or is fed through more distant hubs in Singapore to the east, or Dubai and Salalah to the west, which entails double-handling of cargoes which theoretically could be handled in India itself.

Estimates suggest that of the Indian traffic of 21m teu in 2015-16, about 9m teu will be hubbed, almost all of it overseas.

Developing an Indian transhipment hub will, however, present difficulties. JNPT is the largest container port in the country and would be the logical choice for a hub port on the west coast, but is constrained by draft.

With container ships of 18,000 teu under construction, new Indian hub ports would be required to look at a draft exceeding 16 metres, forcing investors to look at offshore construction as an option.

The limits inherent in current port infrastructure are revealed when one considers that Mumbai port is now developing an offshore container terminal with two 350-metre berths with a draft of 14.5 metres.

These will accommodate ships of up to 6,000 teu currently unable to call at the port. But even then, Jawaharlal Nehru Port Trust and Mumbai would have to maintain the 21km-long approach channel with costly dredging necessary to maintain sufficient draft.

Given the established infrastructure at JNPT and Mumbai, the cost of dredging may be justified, but for a new greenfield terminal such cost may be avoided. An example is the Gujarat Maritime Board's (GMB's) proposed transhipment hub off Nargol village in South Gujarat.

The proposed port is strategically located 140km away from JNPT, on the so-called “golden corridor” in Gujarat, with good deepwater draft of above 16 metres.

Indian maritime consultant Surendra Sharma, an expert on greenfield marine project development, says the coastline faces acute erosion which requires structural changes such as offshore breakwaters to succeed.

“An offshore model would have a greater degree of flexibility to expand easily with additional berths, which may not be possible with other ports due to land and dredging constraints.

“A mega container terminal with 5km of quay line would be necessary to exploit the strategic location of being on the Asia-Europe sea route and would be able to effectively cover a vast hinterland with its linkage with the Western Dedicated Rail Freight Corridor (DRFC),” he says.

“A combination of coastal erosion benefits and a mega transhipment container terminal will add value to the project and increase its viability and benefit to the nation.”

Four leading corporate groups entered technical bids to develop the South Gujarat hub late last year, and in January it went to a consortium of Cargo Motors Pvt Ltd and Israel Ports Co.

First priority will be to develop a container terminal with the possibilities of setting up a car terminal and roll-on/roll-off (ro-ro) facility.


Another major development is underway at Paradip, which aims to expand capacity to 251m tonnes through a series of projects including channel deepening and construction of deep draft iron ore and coal berths.

Meanwhile Krishnapatnam port, a private greenfield deepsea port, now claims to have the deepest draft in the country, at 18 metres. When the port was opened in July 2008 its draft was only 10.5 metres, and the transformation has been achieved with a massive dredging operation.

This has allowed Krishnapatnam to begin offering services to container vessels along with its ambitions to become a South Asian focus for dry bulk, heavy lift and project cargo.

Martin Mannion, global head of maritime for URS Scott Wilson, says there is no doubt that South Asian growth as well as a lack of efficient ports as gateways to trade means that there will be a great need for port infrastructure development.

“There will continue to be ongoing pressure for more port development to keep up with the needs of industry and local/national economies. That will lead to both hub port and local port improvements. Different industry sources all indicate port development expenditure of several billions of dollars over the next decade for South Asia,” he says.

Great constraints arise however due to poor connections to highway and/or rail networks. Often, these onshore improvements can be outside the direct control of the ports. For many Indian ports, dredging and water depth are also constraints to accommodating larger vessels, says Mr Mannion.

Outside of the container trade, India needs to import coal and other products while it also exports raw materials such as iron ore. This has led to the ongoing development of many private bulk ports/bulk terminals, such as Dhamra in Orissa for which URS Scott Wilson acted as project management consultant.

“In Sri Lanka, Colombo remains the dominant port particularly for the container trade and is expected to continue to do so, with the Colombo South Harbour expansion including nine new container berths contributing to this leading position,” says Mr Mannion.

Sri Lanka has been following the same trend of expansion as India. The newly-opened port of Hambantota, largely funded by the Ex-Im Bank of China, is seen as an important catalyst for a major economic development in the country.

Hambantota is part of a $6bn drive to rebuild Sri Lankan infrastructure after the war. However the main opposition United National Party (UNP) has said the port's maximum depth of 17 metres is not deep enough for the largest vessels.

Elsewhere in South Asia, Bangladesh has hopes of adding to the options, with a programme to develop two new deepwater sea ports to add to the country's principal facility at Chittagong, one at Sonadia Island and another situated in Patuakhali. Sonadia could become a shipping hub for north eastern India, China's Yunnan province, Myanmar and landlocked Nepal and Bhutan.

Pakistan is also getting on the large port bandwagon with its Pakistan Deep Water Container Port, which is due to be completed in 2014.

http://www.portstrategy.com/features...rds-hub-status
joefernando no está en línea   Reply With Quote
Old April 25th, 2012, 06:06 PM   #275
joefernando
Registered User
 
joefernando's Avatar
 
Join Date: May 2011
Location: tuticorin
Posts: 2,793
Likes (Received): 61

Sterlite Ind. Q4 Stand-Alone Profit Dips On Exceptional Loss

(RTTNews) - India's diversified base metal manufacturer and subsidiary of Vedanta Resources, Sterlite Industries (India) Ltd. reported lower stand-alone net profit for the fourth-quarter, on one-time exceptional loss.

Stand-alone Results

The Tuticorin-based company posted a stand-alone net profit after exceptional items of Rs.86.43 crore, lower by 69 percent, compared with Rs.283.03 crore in the year-ago quarter. On a per share basis, earnings for the quarter was Re.0.15, compared with Re.0.70 in the year-ago quarter, reflecting a 79 percent decline.

The results for the quarter included a one-time charge of Rs.423.32 crore, under exceptional item, in respect of a suit filed by ASARCO in U.S. Courts against the company and Sterlite (USA) for an alleged breach of Purchase and Sale Agreement.

Net income from operations decreased by six percent to Rs.4,532.98 crore from the Rs.4,826.20 crore in the corresponding quarter last year, while other operating income was Rs.1.34 crore, compared with Rs.4.09 crore in the fourth-quarter of last year.

Income for the quarter from 'Copper' segment fell by seven percent to Rs.4,381.00 crore from the Rs.4,725.82 crore in the corresponding quarter last year, while that from 'Phosphoric Acid' rose by 25 percent to Rs.165.85 crore from the Rs.132.54 crore in the year-ago quarter.

For the fiscal year, Sterlite's stand-alone net profit rose by 17 percent to Rs.1,657.48 crore from the Rs.1,419.71 crore last year. Total income, including other operating income, grew by 18 percent to Rs.18,092.06 crore from the Rs.15,307.14 crore last year.

http://www.rttnews.com/1867793/sterl...mpaign=sitemap
joefernando no está en línea   Reply With Quote
Old April 26th, 2012, 04:20 AM   #276
joefernando
Registered User
 
joefernando's Avatar
 
Join Date: May 2011
Location: tuticorin
Posts: 2,793
Likes (Received): 61

CII plans programme on Friday


To explore business opportunities in supply chain management and warehousing, Confederation of Indian Industry, Tuticorin Chapter, will organise a programme here on April 27 (Friday).

Samir J. Shah, former Chairman of Confederation of Indian Industry, Gujarat Logistics Council and Managing Partner, J.S.B. Group of Companies will address the session.

Business entrepreneurs and tradesmen could utilise this opportunity to score ideas of maintaining warehouses with required infrastructure and importantly about arrangements of safety parameters, C. Karthikeya Prabhu, Convener of Logistics Panel, Confederation of Indian Industry, said while addressing the media here on Wednesday.

As many as 58 warehouses were functional in Tuticorin used for storage of various consignments meant for import and export and its operators needed to accord priority to certain functions in an organised manner.

Warehouses should have specific ceiling height, standards of security, storage by sorting products and required space for the movement of cargoes and other basic facilities, necessarily.

Benefits

Hence, the stakeholders could derive maximum benefits from the interactive session, which would create a wider perspective of business acumen.

Proprietors of warehouses, officials from shipping and logistics industry, exporters, importers, industrial associations, managing directors from various industrial sectors, container freight stations, bonded warehouse operators, transporters and lorry owners could benefit from the programme, he added.

http://www.thehindu.com/todays-paper...cle3355111.ece
joefernando no está en línea   Reply With Quote
Old April 26th, 2012, 03:35 PM   #277
joefernando
Registered User
 
joefernando's Avatar
 
Join Date: May 2011
Location: tuticorin
Posts: 2,793
Likes (Received): 61

originally posted by dolphins tuty sir. (arun sir)

SOLAR POWER PLANT

CCCI is setting a power plant next to Pottaloorani in Thoothukudi District, the construction is going on for the 5MW power plant, i think this must be the first Solar power plant in TN. Nearly 20+Acres have been taken for setting this power plant.





joefernando no está en línea   Reply With Quote
Old April 26th, 2012, 03:44 PM   #278
joefernando
Registered User
 
joefernando's Avatar
 
Join Date: May 2011
Location: tuticorin
Posts: 2,793
Likes (Received): 61

originally posted by DolphinsTuti (arun sir)

TUTICORIN-SEZ Food Processing



joefernando no está en línea   Reply With Quote
Old April 26th, 2012, 04:49 PM   #279
madurakarenda
Hyperactive User
 
madurakarenda's Avatar
 
Join Date: Jul 2011
Location: Madurai and TN
Posts: 6,241
Likes (Received): 131

Thanks for the wonderful pics Arun and TFS it here Joe!!

Looks massive. Hope, more units come there in the coming days.
madurakarenda no está en línea   Reply With Quote
Old April 26th, 2012, 04:59 PM   #280
joefernando
Registered User
 
joefernando's Avatar
 
Join Date: May 2011
Location: tuticorin
Posts: 2,793
Likes (Received): 61

Thumbs up

Quote:
Originally Posted by madurakarenda View Post
Thanks for the wonderful pics Arun and TFS it here Joe!!

Looks massive. Hope, more units come there in the coming days.
thanks sir. sure our corridor will boom.
joefernando no está en línea   Reply With Quote


Reply

Tags
industrial corridor, madurai to tuticorin

Thread Tools
Display Modes Rate This Thread
Rate This Thread:

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off



All times are GMT +2. The time now is 06:54 PM.


Powered by vBulletin® Version 3.8.7
Copyright ©2000 - 2013, vBulletin Solutions, Inc.
Feedback Buttons provided by Advanced Post Thanks / Like v3.1.2 (Pro) - vBulletin Mods & Addons Copyright © 2013 DragonByte Technologies Ltd.
vBulletin Optimisation provided by vB Optimise (Pro) - vBulletin Mods & Addons Copyright © 2013 DragonByte Technologies Ltd. (Resources saved on this page: MySQL 23.08%)

SkyscraperCity - In Urbanity We Trust

Hosted by Blacksun, dedicated to this site too!
Forum server management by DaiTengu