JNPT handled 4.7 million TEUs container traffic; Paradip port, a record 114.55 million tonnes of cargo in FY21

Container traffic at Jawaharlal Nehru Port Trust (JNPT) fell around 6 per cent to 4.7 million TEUs in the just concluded financial year, despite March seeing the highest growth since the port’s inception, impacted by the pandemic-induced lockdown. The container traffic at the country’s premier container port JNPT stood at 5.03 million TEUs (twenty-foot equivalent […]

Read more

Bihar to get 3 major petroleum projects ahead of assembly polls 2020

refining.png

Bihar is set to receive three key petroleum projects ahead of the Legislative Assembly polls, scheduled in November 2020. Prime Minister Narendra Modi announced during the fisheries scheme inauguration  during a video conferencing. The projects include the Durgapur-Banka section of the Paradip-Haldia-Durgapur Pipeline Augmentation Project and two LPG Bottling Plants, said the Prime Minister’s Office. […]

Read more

Indian Oil to invest Rs 13,805 crore to set up new plant in Odisha’s Paradip for textiles

IndianOilLogo800x600.jpg

Indian Oil Corporation Ltd (IOCL) is planning to invest Rs 13,805 crore to set up a plant in Odisha’s Paradip to manufacture raw materials for the textile sector. The project is expected to be completed by 2024. The paraxylene (PX) and purified terephthalic acid (PTA) plant will be integrated with the IOCL’s refinery facility in the port town of Jagatsinghpur district. […]

Read more

Coal imports at 12 major ports down 15% to 75 million tonnes in April-Jan: IPA Report

As per a report by the Indian Ports Association (IPA), imports of thermal coal  at the country’s 12 major ports declined by 14.98 per cent to 74.60 million tonnes (MT) during April-January this fiscal. During previous fiscal, these Centre-owned ports had handled 87.74 MT of thermal coal. Imports of coking and other coal recorded a rise of 1.10 per cent at 47.08 MT during […]

Read more

Daily Masala

Here is what others are talking about today: Asia stocks rise after U.S. snowstorm rescues oil price Asian stocks moved further away from four-year lows struck last week, as the blizzard on the U.S. East coast pushed oil prices higher, relieving some of the bearish pressure on Wall Street and world markets. Crude extends gains […]

Read more