Paradip Port Authority Marine Department Paradip awarded the prestigious Dredging Contract to Dredging Corporation of India Ltd, Visakhapatnam at an estimated cost of Rs 172.22 CR for the year 2023-24.
Paint majors Asian Paints and Berger Paints also managed to attract LIC during the quarter gone by. The institutional investor increased its stake in Asian Paints to 3.80 per cent for the quarter-ended March 2023 from 3.14 per cent on December 31, 2022.
The Ministry of Ports, Shipping and Waterways in order to bring the concept of ‘Waste to Wealth’ in the dredging sector has issued addendum to the Dredging Guidelines for Major Ports 2021.
Knowledge Marine & Engineering Works Ltd. has entered into a Contract received with M/s RKEC Projects Ltd on 20% March, 2023 for the work of Development of Fishery Harbour at Veraval Phase - II.
Indian markets, which were trending up earlier in the week, fell on strong negative news from the US – tough talk by the US Federal Reserve on interest rates and the collapse of Silicon Valley Bank.