Govt. lowers freight target for Major Ports
The Government has scaled down the freight handling target of Major Ports for the year 2016-17 after they failed to achieve 695 million tonnes (mt) set by the Shipping Ministry for 2015-16 as a...
Author: Kanika Bansal
Paradip port planning to increase cargo handling capacity
Buoyed by an all-time record cargo handling of 76.38 million tonnes (mt) in 2015-16, Paradip Port Trust (PPT) plans to raise capacity from 118.50 mpta to 325 mpta by 2025 to become the country’s...
Visakhapatnam port handles 57.5 mt of cargo
The Visakhapatnam port has handled 57.5 million tonnes (mt) of cargo during 2015-16 financial year, a little less than 58 mt handled during the previous year, according to sources. The sources said on Friday...
Mahindra Launches new HCV Truck Series ‘Blazo’ With FUELSMART Technology
Mahindra Truck and Bus Division (MTBD), a part of the USD 16.9 billion Mahindra Group, announced the launch of its new heavy commercial truck series under the brand name ‘Blazo’. The Blazo series includes haulage, tractor...
Allcargo Logistics to raise up to INR 300 crore via private placement
Allcargo Logistics will seek shareholders’ approval to rise up to INR 300 crore by issuing Secured Non-Convertible Redeemable Debentures (NCDs) on a private placement basis. One of India’s leading integrated logistic solutions providers, the...
Gulf Petrochem Group to start bunker operations at Pipavav Port
Gulf Petrochem Group has announced that it has begun bunkering operations at the Gujarat port of Pipavav, on India’s west coast, to service its Indian Subcontinent customers. Gulf Petrochem has its own state-of-art...
Krishnapatnam Port eyes 100 mt cargo capacities by FY21
Krishnapatnam Port Company is looking at expanding its cargo handling capacity to 100 million tonnes (MT) by the end of this decade. Chief Executive Officer (CEO) and Director Anil Yendluri said recently, “We are...
Mahindra sees huge demand for heavy commercial vehicles
Mahindra Truck and Bus Division on Wednesday outlined plans to double its market share in the heavy commercial vehicles (HCVs) business within two years. The HCV segment is witnessing robust growth. Nalin Mehta, Managing...
‘Waive excise duty if ex-servicemen buy a truck’
Delhi-based Agrawal Movers, dubbed to be the largest player in household shifting, has demanded that government should waive excise duty if an ex-serviceman purchases a truck to start a business. The exemption should, however,...
Electronic tolling across 300 NH from April 1
Users will get a discount, while issuing banks and developers too will get a certain percentage of the collections. Electronic tolling will start across 300 national highways (NH) from April 1 with users getting...
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