Orissa to develop four minor ports
Orissa has witnessed grounding of investment of INR 4,262.44 crore from non major ports in the past 10 years, BS reports.
The investments have made four minor port developers Dhamara Port Company Ltd, Gopalpur Port Ltd, Creative Port Development Ltd and Navayug Engineering Ltd from 2002-03 up to the end of September this year.
An official of state commerce & transport department said that “Minor port developers have invested over INR 4,000 crore on their projects in the state. We have already submitted the year-wise investment data to the Government of India.”
DPCL a 50:50 joint venture between TATA Steel and L&T, is the biggest investor, with its investment till the second quarter of 2011-12 standing at INR 3,570.35 crore.
The port developer, who has already begun operations, has invested INR 762.79 crore, INR 1,088.26 crore and INR 1,059.40 crore in 2008-09, 2009-10 and 2010-11 respectively. In 2011-12, DPCL has invested INR 60.45 crore till the end of September.
Gopalpur Port Ltd a special purpose vehicle promoted jointly by Orissa Stevedores Ltd and Sara International Limited has invested INR 421.09 crore during 2007-08 to September-end of 2011-12. The port developer which is developing the seasonal port at Gopalpur into an all-weather port, has invested INR 51.09 crore in 2007-08, INR 30 crore in 2008-09, INR 50 crore in 2009-10, INR 40 crore in 2010-11 and INR 250 crore in this fiscal (till September-end).
The state government has asked the port promoters to commission second phase of the port operations by March 2013. GPL has already claimed to have achieved financial closure of INR 1,400 crore for the first stage of Phase-II of the deep sea port with the signing of loan agreement with a consortium of 11 banks.
The investments have made four minor port developers Dhamara Port Company Ltd, Gopalpur Port Ltd, Creative Port Development Ltd and Navayug Engineering Ltd from 2002-03 up to the end of September this year.
An official of state commerce & transport department said that “Minor port developers have invested over INR 4,000 crore on their projects in the state. We have already submitted the year-wise investment data to the Government of India.”
DPCL a 50:50 joint venture between TATA Steel and L&T, is the biggest investor, with its investment till the second quarter of 2011-12 standing at INR 3,570.35 crore.
The port developer, who has already begun operations, has invested INR 762.79 crore, INR 1,088.26 crore and INR 1,059.40 crore in 2008-09, 2009-10 and 2010-11 respectively. In 2011-12, DPCL has invested INR 60.45 crore till the end of September.
Gopalpur Port Ltd a special purpose vehicle promoted jointly by Orissa Stevedores Ltd and Sara International Limited has invested INR 421.09 crore during 2007-08 to September-end of 2011-12. The port developer which is developing the seasonal port at Gopalpur into an all-weather port, has invested INR 51.09 crore in 2007-08, INR 30 crore in 2008-09, INR 50 crore in 2009-10, INR 40 crore in 2010-11 and INR 250 crore in this fiscal (till September-end).
The state government has asked the port promoters to commission second phase of the port operations by March 2013. GPL has already claimed to have achieved financial closure of INR 1,400 crore for the first stage of Phase-II of the deep sea port with the signing of loan agreement with a consortium of 11 banks.